Outlook for Economic Activity and Prices

Outlook for Economic Activity and Prices
Boxes in the Outlook Report
Highlights of the Outlook Report
Notices of Changes and Corrections
Monthly Report of Recent Economic and Financial Developments

The Bank decides the text of the Outlook for Economic Activity and Prices (Outlook Report) at the Monetary Policy Meetings (MPMs) and releases it quarterly (usually in January, April, July, and October) ^{note 1}. The Outlook Report presents the Bank's outlook for developments in economic activity and prices, assesses upside and downside risks, and outlines its views on the future course of monetary policy.

Notes 1: The Outlook Report may be released at the beginning of the months following those listed above depending on schedule adjustments.
2: Through 2015, at the April and October MPMs, the Bank decided the text of the Outlook Report and released the report semiannually. At the January and July MPMs, the Bank made interim assessments of the outlook laid out in the latest Outlook Report based on the developments in economic activity and prices after the release of the report. Each interim assessment is included in the statement on monetary policy released after the relevant MPM.
3: The Outlook Report was formerly "Outlook and Risk Assessment of the Economy and Prices."

Outlook for Economic Activity and Prices

Table : Outlook for Economic Activity and Prices1
Date	Title
Aug. 1, 2025	July 2025 (full text) [PDF 1,749KB]
July 31, 2025	July 2025 (The Bank's View) [PDF 325KB]
May 2, 2025	April 2025 (full text) [PDF 1,839KB]
May 1, 2025	April 2025 (The Bank's View) [PDF 394KB]
Jan. 27, 2025	January 2025 (full text) [PDF 1,945KB]
Jan. 24, 2025	January 2025 (The Bank's View) [PDF 326KB]
Nov. 1, 2024	October 2024 (full text) [PDF 1,773KB]
Oct. 31, 2024	October 2024 (The Bank's View) [PDF 390KB]
Aug. 1, 2024	July 2024 (full text) [PDF 1,620KB]
July 31, 2024	July 2024 (The Bank's View) [PDF 313KB]
Apr. 30, 2024	April 2024 (full text) [PDF 1,809KB]
Apr. 26, 2024	April 2024 (The Bank's View) [PDF 379KB]
Jan. 24, 2024	January 2024 (full text) [PDF 1,588KB]
Jan. 23, 2024	January 2024 (The Bank's View) [PDF 320KB]
Nov. 1, 2023	October 2023 (full text) [PDF 1,647KB]
Oct. 31, 2023	October 2023 (The Bank's View) [PDF 382KB]
July 31, 2023	July 2023 (full text) [PDF 1,524KB]
July 28, 2023	July 2023 (The Bank's View) [PDF 317KB]
May 1, 2023	April 2023 (full text) [PDF 1,801KB]
Apr. 28, 2023	April 2023 (The Bank's View) [PDF 382KB]
Jan. 19, 2023	January 2023 (full text) [PDF 1,493KB]
Jan. 18, 2023	January 2023 (The Bank's View) [PDF 424KB]
Oct. 31, 2022	October 2022 (full text) [PDF 1,549KB]
Oct. 28, 2022	October 2022 (The Bank's View) [PDF 486KB]
July 22, 2022	July 2022 (full text) [PDF 1,491KB]
July 21, 2022	July 2022 (The Bank's View) [PDF 420KB]
May 2, 2022	April 2022 (full text) [PDF 1,727KB]
Apr. 28, 2022	April 2022 (The Bank's View) [PDF 487KB]
Jan. 19, 2022	January 2022 (full text) [PDF 1,686KB]
Jan. 18, 2022	January 2022 (The Bank's View) [PDF 420KB]
Oct. 29, 2021	October 2021 (full text) [PDF 1,604KB]
Oct. 28, 2021	October 2021 (The Bank's View) [PDF 485KB]
July 19, 2021	July 2021 (full text) [PDF 1,617KB]
July 16, 2021	July 2021 (The Bank's View) [PDF 415KB]
Apr. 28, 2021	April 2021 (full text) [PDF 1,926KB]
Apr. 27, 2021	April 2021 (The Bank's View) [PDF 480KB]
Jan. 22, 2021	January 2021 (full text) [PDF 1,353KB]
Jan. 21, 2021	January 2021 (The Bank's View) [PDF 305KB]
Oct. 30, 2020	October 2020 (full text) [PDF 1,736KB]
Oct. 29, 2020	October 2020 (The Bank's View) [PDF 365KB]
July 16, 2020	July 2020 (full text) [PDF 1,601KB]
July 15, 2020	July 2020 (The Bank's View) [PDF 295KB]
Apr. 28, 2020	April 2020 (full text) [PDF 2,019KB]
Apr. 27, 2020	April 2020 (The Bank's View) [PDF 366KB]
Jan. 22, 2020	January 2020 (full text) [PDF 1,609KB]
Jan. 21, 2020	January 2020 (The Bank's View)
Nov. 1, 2019	October 2019 (full text) [PDF 1,175KB]
Oct. 31, 2019	October 2019 (The Bank's View)
July 31, 2019	July 2019 (full text) [PDF 1,161KB]
July 30, 2019	July 2019 (The Bank's View)
Apr. 26, 2019	April 2019 (full text) [PDF 1,246KB]
Apr. 25, 2019	April 2019 (The Bank's View)
Jan. 24, 2019	January 2019 (full text) [PDF 1,274KB]
Jan. 23, 2019	January 2019 (The Bank's View)
Nov. 1, 2018	October 2018 (full text) [PDF 1,040KB]
Oct. 31, 2018	October 2018 (The Bank's View)
Aug. 1, 2018	July 2018 (full text) [PDF 1,244KB]
July 31, 2018	July 2018 (The Bank's View)
Apr. 28, 2018	April 2018 (full text) [PDF 1,218KB]
Apr. 27, 2018	April 2018 (The Bank's View)
Jan. 24, 2018	January 2018 (full text) [PDF 1,116KB]
Jan. 23, 2018	January 2018 (The Bank's View)
Nov. 1, 2017	October 2017 (full text) [PDF 2,339KB]
Oct. 31, 2017	October 2017 (The Bank's View) [PDF 264KB]
July 21, 2017	July 2017 (full text) [PDF 2,474KB]
July 20, 2017	July 2017 (The Bank's View) [PDF 263KB]
Apr. 28, 2017	April 2017 (full text) [PDF 2,953KB]
Apr. 27, 2017	April 2017 (The Bank's View) [PDF 256KB]
Feb. 1, 2017	January 2017 (full text) [PDF 2,632KB]
Jan. 31, 2017	January 2017 (The Bank's View) [PDF 248KB]
Nov. 2, 2016	October 2016 (full text) [PDF 2,537KB]
Nov. 1, 2016	October 2016 (The Bank's View) [PDF 229KB]
July 30, 2016	July 2016 (full text) [PDF 2,535KB]
July 29, 2016	July 2016 (The Bank's View) [PDF 246KB]
Apr. 29, 2016	April 2016 (full text) [PDF 2,502KB]
Apr. 28, 2016	April 2016 (The Bank's View) [PDF 262KB]
Jan. 30, 2016	January 2016 (full text) [PDF 2,478KB]
Jan. 29, 2016	January 2016 (The Bank's View) [PDF 264KB]
Oct. 31, 2015	October 2015 (full text) [PDF 1,393KB]
Oct. 30, 2015	October 2015 (The Bank's View) [PDF 162KB]
May 1, 2015	April 2015 (full text) [PDF 1,370KB]
Apr. 30, 2015	April 2015 (The Bank's View) [PDF 96KB]
Nov. 1, 2014	October 2014 (full text) [PDF 1,148KB]
Oct. 31, 2014	October 2014 (The Bank's View) [PDF 92KB]
May 1, 2014	April 2014 (full text) [PDF 1,149KB]
Apr. 30, 2014	April 2014 (The Bank's View) [PDF 90KB]
Nov. 1, 2013	October 2013 (full text) [PDF 1,008KB]
Oct. 31, 2013	October 2013 (The Bank's View) [PDF 68KB]
Apr. 27, 2013	April 2013 (full text) [PDF 980KB]
Apr. 26, 2013	April 2013 (The Bank's View) [PDF 63KB]
Oct. 31, 2012	October 2012 (full text) [PDF 1,525KB]
Oct. 30, 2012	October 2012 (The Bank's View) [PDF 171KB]
Apr. 28, 2012	April 2012 (full text) [PDF 5,960KB]
Apr. 27, 2012	April 2012 (The Bank's View) [PDF 69KB]
Oct. 28, 2011	October 2011 (full text) [PDF 2,843KB]
Oct. 27, 2011	October 2011 (The Bank's View) [PDF 84KB]
Apr. 29, 2011	April 2011 (full text) [PDF 1,886KB]
Apr. 28, 2011	April 2011 (The Bank's View) [PDF 77KB]
Oct. 29, 2010	October 2010 (full text) [PDF 1,159KB]
Oct. 28, 2010	October 2010 (The Bank's View) [PDF 164KB]
May 1, 2010	April 2010 (full text) [PDF 1,236KB]
Apr. 30, 2010	April 2010 (The Bank's View) [PDF 146KB]
Nov. 2, 2009	October 2009 (full text) [PDF 1,154KB]
Oct. 30, 2009	October 2009 (The Bank's View) [PDF 49KB]
May 1, 2009	April 2009 (full text) [PDF 1,001KB]
Apr. 30, 2009	April 2009 (The Bank's View) [PDF 136KB]
Nov. 4, 2008	October 2008 (full text) [PDF 871KB]
Oct. 31, 2008	October 2008 (The Bank's View) [PDF 121KB]
May 1, 2008	April 2008 (full text) [PDF 939KB]
Apr. 30, 2008	April 2008 (The Bank's View) [PDF 75KB]

Table : Outlook for Economic Activity and Prices2
Date	The Bank's View	Full Text
Oct. 31, 2007	October 2007	[PDF 797KB]
Apr. 27, 2007	April 2007	[PDF 858KB]
Oct. 31, 2006	October 2006	[PDF 780KB]
Apr. 28, 2006	April 2006	[PDF 900KB]
Oct. 31, 2005	October 2005	[PDF 613KB]
Apr. 28, 2005	April 2005	[PDF 667KB]
Oct. 29, 2004	October 2004	[PDF 454KB]
Apr. 28, 2004	April 2004	[PDF 357KB]
Oct. 31, 2003	October 2003	[PDF 222KB]
Apr. 30, 2003	April 2003	[PDF 171KB]
Oct. 30, 2002	October 2002	[PDF 54KB]
Apr. 30, 2002	April 2002
Oct. 29, 2001	October 2001
Apr. 26, 2001	April 2001
Oct. 31, 2000	October 2000

Boxes in the Outlook Report

The boxes in the Outlook Report present analyses of important topical issues. A list of boxes published in previous reports (from 2016 onward) is provided on the following page: