Czech NB's Tma on forecasting

In the speech 'Forecasting at central banks' given on 20 February, Zdenik Tma of the Czech National Bank said the first years of the new regime were not easy, and included frequent numerical target misses. Nevertheless, the Czech Republic enjoys low inflation, and inflation expectations seem to be firmly anchored at low levels at present.

In line with the transparency philosophy of inflation targeting, the Czech National Bank published a book called "The Czech National Bank's Forecasting and

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