Via Bill Evans:
There have been only minor changes in the Reserve Bank’s forecasts for growth, inflation, and unemployment in the May Statement on Monetary Policy.
Despite some bouts of schizophrenia over the last three months (growth in 2018 above 2017; growth above trend) the Bank has retained its growth forecasts of 3 ¼ per cent in the year to December 2018 and 3 ¼ per cent in the year to December 2019.
