Forecasting would improve with more regular data, says RBNZ’s McDermott

Reserve Bank of New Zealand

The Reserve Bank of New Zealand (RBNZ) would be able to improve its forecasting if statistical data was released more frequently, an assistant governor at the central bank has said.

Speaking four days after the release of the RBNZ’s latest forecasts, John McDermott attempted to explain to an audience in Christchurch what the value of forecasting was, given that the financial climate remained uncertain.

“One significant limiting factor to forecast improvement is data: macroeconomic statistics h

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: