While
the central forecast for underlying inflation remains similar to that provided in February, the risks around this outlook now appear more evenly balanced, rather than on the upside as indicated in previous Statements.
While the RBA is fairly optimistic about global growth: «Chinese economy continues to grow solidly»; «The Bank's
central forecast for the Australian economy remains for growth to pick up»; «Employment has grown strongly over the past year.»
Not exact matches
The
central bank kept its inflation
forecast for this year at 2.7 percent but said that some of its monetary policy committee members «moved a little closer» to their limits
for tolerating an overshoot in the bank's inflation target.
The National Weather Service has posted a storm warning
for most of western and
central North Dakota,
forecasting the possibility of heavy snow through Wednesday.
On Thursday, New York Federal Reserve President William Dudley said the
central bank's
forecast of three rate hikes still seemed a «very reasonable projection» but added there was a potential
for more, should the economy look stronger.
Market watchers expect the
central bank to hike three times in 2018, while the Fed announced that it was increasing its rate - hike
forecast for 2019.
The speech says that the Bank's
central forecast remains
for inflation in Australia to pick up over the next couple of years, but
for inflation to be nearer to 2 per cent, than 3 per cent at the end of this period.
The Fed now has to add protectionism effects to its
forecast path; this is a nearly impossible task
for a
central bank.
As recently as December, the
central bank had
forecast an inflation rate of 1 percent
for 2016.
Instead, our
central forecast is
for underlying inflation to gradually rise over the next couple of years, and
for headline inflation to increase a bit more quickly, boosted by increases in oil and tobacco prices.
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Central & Western Asia, DCM Discrete Choice Models, DEM Demographic Economics, DEV Development, DGE Dynamic General Equilibrium, ECM Econometrics, EDU Education, EEC European Economics, EFF Efficiency & Productivity, ENE Energy Economics, ENT Entrepreneurship, ENV Environmental Economics, ETS Econometric Time Series, EUR Microeconomic European Issues, EVO Evolutionary Economics, EXP Experimental Economics, FDG Financial Development & Growth, FIN Finance, FMK Financial Markets,
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Indeed, economic forecasters surveyed by the European
Central Bank have raised their growth
forecasts for the year as a whole.
Officials are also strongly considering the adoption of a consensus economic
forecast for the
central bank as a whole, as opposed to the quarterly individual projections
for growth, employment, inflation and interest rates currently published.
The IMF, which has a
forecasting record superior to all
central banks, as documented by Arbor Research, has downgraded its second - half outlook
for US growth and reiterated its call
for the Fed to put off any rate hikes until 2016 or risk stalling growth altogether.
Despite the fact that all the
central banks have been woefully wrong about nearly every single
forecast they have made on GDP growth, inflation and labor markets
for decades, they enjoy an aura of infallibility which would be the envy of any medieval Pope because they succeeded in doing what governments by themselves were unable to do in 2008 - 9, namely stop and reverse the financial crisis.
Market attention was focused on
forecasting the Federal Reserve's (Fed's) path
for raising interest rates while expecting other
central banks to continue to be accommodative, specifically the European Central Bank (ECB) and the Bank of
central banks to continue to be accommodative, specifically the European
Central Bank (ECB) and the Bank of
Central Bank (ECB) and the Bank of Japan.
A couple of weeks later, Bank of Russia Governor Elvira Nabiullina said that Russia's
central bank was keeping its oil price
forecast for this year at US$ 50 per barrel, and still believes that the price of oil will drop to roughly US$ 40 in 2018 - 2019.
ECB signals a lower sense of urgency European
Central Bank president Mario Draghi said this week that deflation risks in the eurozone have «largely disappeared,» as ECB inflation
forecasts were raised to 1.7 % from 1.3 %
for 2017 and 1.6 % from 1.5 % in 2018.
For some years, then, the modus operandi of a developed country
central bank involved setting a short - term interest rate and adjusting it incrementally in response to
forecast deviations of inflation and / or output from the desired path.
The ECB's meeting in March produced few surprises, though the
central bank did increase its inflation
forecast for the current year from 1.3 % to 1.7 %.
Brazil's
central bank has lowered its
forecast for economic growth to less than half of last year's, partly blaming the slowing global economy.
Vitner predicted that the
central bank will end up raising rates four times this year despite its
forecast for three.
However, at its meeting in July, the Bank of Japan (BoJ) highlighted how far the country's economy still has to go to overcome deflationary pressures, as the
central bank further reduced its inflation
forecasts for the period up to early 2019.
He pitched it as a positive: «The
central forecast we publish today from the independent Office
for Budget Responsibility does not predict a recession here in Britain.»
If the forecasters and betting markets are right in their
central forecasts then Con + LD+DUP combined will be short of a majority and so a Labour led government should form if they can secure the support of the SNP and probably others, including the Liberal Democrats, will be needed too: a potentially messy and unstable situation but also one where there is sufficient similarity in ideological perspective
for policy agreement on plenty of issues.
In this context, the
central forecast of +8
for the Conservatives may as well be 0.
12:33 - The
central forecast from the OBR does not predict a recession in the UK, Osborne says, but they have revised down growth prospects
for the UK.
«The weather service is trying to simplify their messages so people can understand them better,» said Dave Nicosia, warning coordinator meteorologist in the service's Binghamton office, which issues
forecasts for Central New York, the Southern Tier and Catskills.
Since this is a
central issue
for the
forecasting of future climatic conditions on Earth,
for about a year now the physicist in Potsdam has been heading an interdisciplinary research group that focuses specifically on this topic.
For NOAA's Climate Prediction Center to make that declaration, the sea - surface temperature in an eastern - central segment of the ocean called the Nino 3.4 must be 0.5 °C (0.9 °F) above normal for at least a month — and be forecasted to last that way for at least three mont
For NOAA's Climate Prediction Center to make that declaration, the sea - surface temperature in an eastern -
central segment of the ocean called the Nino 3.4 must be 0.5 °C (0.9 °F) above normal
for at least a month — and be forecasted to last that way for at least three mont
for at least a month — and be
forecasted to last that way
for at least three mont
for at least three months.
John Allen, an associate research scientist at the International Research Institute
for Climate and Society at Columbia University, who, with colleagues, came out with the first seasonal tornado
forecast last year, expects a below - normal number of tornadoes in the south
central U.S.
Successful school expansions Having identified a need
for more primary places in east and
central Hertford based on
forecast demand and projections from the Office of National Statistics 2011 census, Hertfordshire County Council looked at numerous sites and existing primary schools to see where new places could be best delivered.
The latest set of
forecasts from the Fed stirred a little more comment among market participants, particularly the projections
for core inflation that were slightly above the
central bank's 2 % target in 2019 and 2020, which hinted policymakers might be willing to tolerate such an overshoot if they believed longer - term inflationary pressures were limited.
The
central bank is lowering its
forecast for inflation, even though the economy is showing signs of improvement.
Earlier this week, TD Bank also predicted another cut to the
central bank's key interest rate as it slashed its 2015
forecast for the Canadian economy amid low oil prices.
With national and local computer models
forecasting a major winter storm — including heavy snow, strong winds and coastal flooding —
for Long Island this coming weekend,
Central Veterinary Associates (CVA) is reminding pet owners that freezing temperatures and blustery weather can have an adverse effect on the well - being of their animal.
With heartworm being diagnosed in all 50 states and The Companion Animal Parasite Council's spring 2012
forecast calls
for elevated levels of heartworm disease this year, with «high» levels in the Northeastern United States — including New York State —
Central Veterinary Associates is warning pet owners that, with mosquitoes coming out earlier as the result of a warm winter, there will be a greater prevalence of heartworm during the spring season.
The Secretariat of
Central American Tourism Integration, together with the tourism authorities of the seven
Central American countries - Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama - have conducted a study on the evolution of the tourism sector in the region over the past twelve years and made a positive
forecast of expected 6.1 per cent growth
for this year based on the results.
The weather
forecasts at the bottom are
for the three general climate regions — The mountains and
central valley (San Jose), Guancaste and the Nicoya Peninsula, and Limon and the Caribbean side.
Olaf Breuning has been manipulating the
forecast at
Central Park South
for months now with his whimsical, pop art take on sky blue clouds.
The global mean temperature
for 2015 is expected to be between 0.52 °C and 0.76 °C * above the long - term (1961 - 1990) average of 14.0 °C, with a
central estimate of 0.64 °C, according to the Met Office annual global temperature
forecast.
The final value
for this year will be very close to the
central estimate of 0.57 °C from the Met Office global temperature
forecast for 2014, which was issued late last year.
It would mean that global carbon dioxide pollution from fossil fuels may decline after 2026, a contrast with the International Energy Agency's
central forecast, which sees emissions rising steadily
for decades to come.
A
forecasted daily load profile
for a house in
central California, broken down by the source of energy demand, as created by Aurora's solar design software.
Brad Pitt made a surprise appearance as a weatherman on Jim Jefferies» Comedy
Central show this week to deliver a gloomy
forecast for the world following President Donald Trump's withdrawal of the United States from the Paris climate agreement.
Model precipitation «
forecasts» over the
Central Sahel were correlated with observations
for about three days, but reinitializing with observed data on day 5 resulted in a dramatic improvement in the precipitation validation over the remaining 9 days.
Recent weather model
forecasts are suggesting that we may have to keep an eye on the
central Pacific — not only the east Pacific —
for re-curving storms this autumn (which is not something I can recall having happened before).
Current sea ice extent and meteorological conditions suggest a record low is unlikely, as surface temperature over the
central Arctic has been near normal in the last two months and
forecasts of atmospheric temperatures
for the next few weeks indicate average surface temperatures.
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forecasts, out to two weeks,
for the New York City area, Northern New Jersey, Southeastern NY State, and East
Central and Northeastern PA..