Riksbank claims rate forecast success, despite inaccuracies
The Swedish central bank’s experience with forecasting the path of the country’s repurchase agreement (repo) rate has been good, according to analysis published by Sveriges Riksbank to mark 10 years since the tool was first used.
The Riksbank introduced its forecasts in 2007, partly because of a trend towards greater openness and partly because it was finding it too restrictive to forecast on the assumption of a constant policy rate or a rate that moved in line with market expectations.
In the
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