Russia: in February 2023 the Bank of Russia expected the policy rate of 7.0% for 2024; the outcome was 17.5%
Forecasts of 16 releases (2021–2024) for the next year: the outcome above the forecast 15 times, below 1; typical error +4.15 percentage points. The largest under-forecast in February 2023: 7.0% expected for 2024, the outcome was 17.5%. The largest over-forecast in April 2022: 10.0% expected for 2023, the outcome was 9.9%.
Source: Central banks: published forecasts; actual: official statisticsOpen on the chart →