Bloomberg have ranked the big 7 (G7) central banks and given an award for the one best at forecasting inflation

But first .... the worst .... that goes to the Bank of England. The BOE tends to undershoot on its consumer-price forecasts ... but ....

  • Its prediction for inflation two years ahead was lower than the eventual outcome in each of the eight years through 2013, with an average undershoot of 1.3 percentage points.
  • Since then, it's gone the other way, with an overshoot of about 1.1 percentage points.

The best?

Bank of Canada

Link here for more (of a giggle)