... ECB, and Sveriges Riksbank, and two anonymous referees for helpful comments and discussions, and to Garry Tang for excellent researchassistance. The views expressed are those of the authors and ... for the forecasts published between June 1997 and March 2007. Figure 2 shows the mean absolute difference betweenthe published forecast and the futures rate on the day of publicationof the forecast, ... providing forecasts on a regular basis, such as is done bythe Reserve Bank of New Zealand, and including forward-lookinglanguage in policy announcements for a temporary period. Whena forecast...