1. EconomyNew Zealand

   New Zealand: in May 2021 the Reserve Bank of New Zealand expected the policy rate of 0.7% for 2022; the outcome was 3.8%

   Forecasts of 21 releases (2018–2024) for the next year: the outcome above the forecast 6 times, below 15; typical error −0.69 percentage points. The largest under-forecast in May 2021: 0.7% expected for 2022, the outcome was 3.8%. The largest over-forecast in May 2024: 5.1% expected for 2025, the outcome was 2.5%.

   Source: Central banks: published forecasts; actual: official statisticsOpen on the chart →

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