policy. The article focuses on inflation forecast targeting (IFT) at the Czech National Bank (CNB) in terms of its efficiency … IFT implementation. Finally the existence of the interdependences of inflation forecast, optimal policy paths and … inflation expectations are analyzed. Credibility of the central bank, accuracy of the forecast and decision-making procedures …

of inflation forecast targeting (IFT), inflation forecasts play a crucial role in the instrument rate decision … published by the central banks of England, Sweden and Norway. The article presents the proposition of an inflation forecast … forecasts, the similarity of the forecasts and the inflation forecast deviations from the inflation target. The credibility …