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Right. What I said is generally true for Central Bank forecasts, because they have an effect on interest rates (which they set). But the expectation of change i
by VHRanger 10y ago
Right. What I said is generally true for Central Bank forecasts, because they have an effect on interest rates (which they set). But the expectation of change in interest rates changes lending and borrowing behavior now, etc.
That said, it's generally doable to do serious forecasts for a few months in advance, but the error bars explode after that.