Semiannually, in April and October, the Bank releases the Outlook for Economic Activity and Prices, known as the Outlook Report, in which it presents its outlook for economic activity and prices for the next two years, carefully assesses upside and downside risks, and summarizes its thinking on the conduct of monetary policy.
However, unless we assume that prices of commodities such as crude oil will continue rising in the future, it is projected from the beginning of 2023 that the positive contribution of the rise in energy prices to the CPI will wane and the pass-through of cost increases will weaken gradually.