Similarly, results of the BSP’s survey of private sector economists conducted in December 2021 showed steady mean inflation forecasts at 3.5 percent and 3.1 percent for 2022 and 2023, respectively. However, risks to the domestic inflation outlook appear to be slightly on the upside for 2022 but are broadly balanced for 2023.
The objective is to understand what is happening – and why – so that the facts can be pieced together into a sensible and useful news report for their publics. BIS central bankers’ speeches  1  Indeed, we thank the media and, more specifically, EJAP member for playing a crucial role in helping the public understand and stay abreast of current economic issues.