In this regard, around twenty years ago, the Reserve Bank became a pioneer in another way. When publishing our interest rate decisions, we also began to publish a forward (and endogenous) projection of interest rates in the future. We use this to capture the overall stance of monetary policy.
12  One of the specific tools we use are surveys of staff and MPC opinions on the balance of risks in the forecasts. This indicates both collective opinion, and quantifies the results.