Producing and revealing inflation forecasts is believed to be the best way of implementing a forward-looking monetary … policy. The article focuses on inflation forecast targeting (IFT) at the Czech National Bank (CNB) in terms of its efficiency … in shaping consumers' inflation expectations. The goal of the study is to verify accuracy of the inflation forecasts, and …

Modern monetary policy focuses on credibility and shaping consumers' inflation expectations. According to the concept … of inflation forecast targeting (IFT), inflation forecasts play a crucial role in the instrument rate decision …-making process and may be a specific intermediate target. The aim of the study is to analyse the credibility of inflation forecasts …