9 Looking at the period since the GFC, the Bank has generally been better than others at forecasting inflation, and its forecasts have been of a similar quality to those produced by a suite of statistical models.
10 This forecast review suggests that there were no obvious sources of new information that the Bank could reasonably have been expected to incorporate when preparing its forecasts. Conclusion Annual CPI inflation for the September quarter is going to be low, as incorporated into the Bank’s most recent projections.