54 (3), 728–52; Taisuke Nakata (2013), “Optimal Fiscal and Monetary Policy with Occasionally Binding Zero Bound Constraints (PDF),” Finance and Economics Discussion Series 2013–40 (Washington: Board of Governors of the Federal Reserve System, April); Taisuke Nakata (2013), “Uncertainty at the Zero Lower Bound (PDF),” Finance and Economics Discussion Series 2013–09 (Washington: Board of Governors of the Federal Reserve System, December 2012); and Charles Evans, Jonas Fisher, Francois Gourio, and Spencer Krane (forthcoming), “Risk Management for Monetary Policy Near the Zero Lower Bound,” Brookings Papers on Economic Activity (Washington: Brookings Institution).
They now see average inflation reaching 8.4 per cent in 2022 before decreasing to 6.3 per cent in 2023, with inflation expected to decline markedly over the course of the year. Inflation is then projected to average 3.4 per cent in 2024 and 2.3 per cent in  1/4  BIS - Central bankers' speeches  2025.