Economic forecasting can be improved, Poloz says

Bank of Canada Governor Stephen Poloz speaks with the media during a news conference in Ottawa, Wednesday, Jan. 18, 2017. (Adrian Wyld / THE CANADIAN PRESS)

By The Canadian Press, January 31, 2017

EDMONTON – Canada’s top banker says the central bank’s approach to inflation targets has been working reasonably well, but there are gaps that could be addressed with the development of new computer economic models.

Bank of Canada governor Stephen Poloz said the bank has been pursuing inflation targets for 25 years, and the average rate of inflation has been extremely close to target over that time.

Read full article here…..