Semiannually, in April and October, it releases the Outlook for Economic Activity and Prices, known as the Outlook Report, in which the Bank makes public its forecasts for economic activity and prices for the next two to three years, and three months after their release conducts interim assessments of the reports.
In the latest interim assessment released after the Monetary Policy Meeting held on January 25 and 26, 2010, the median of the Policy Board members’ forecasts for year-onyear real GDP growth was minus 2.5 percent for fiscal 2009, 1.3 percent for fiscal 2010, and 2.1 percent for fiscal 2011, indicating that the economy was developing basically in line with the Bank’s outlook released in October 2009.