In addition, there are the surveys that poll financial market analysts on a monthly basis, including the Reuters econometer survey and the Bloomberg survey. The break-even inflation rates, derived on a high-frequency basis from the inflation-linked bond market, give us some indication of the views of bond market participants.
We generally assume that the expectations of the economic analysts are the most forwardlooking of the three groups surveyed by the BER. Economic analysts tend to rely on forecasting models similar to our own, and it is not surprising that their forecasts are often quite similar to those of the Bank.