•  After taking into account revisions to the National Accounts, which had the effect of raising measured growth for this year, the Bank now projects that the economy will grow by 2.2 per cent in 2012. Going forward, we expect growth of 2.3 per cent in 2013 and 2.4 per cent in 2014.
•  Core inflation has been lower than expected in recent months. This reflects somewhat softer prices across a wide range of goods and services.