National treasuries and central banks usually move in lockstep on economic forecasts following consultation and coordination. On Wednesday, New Zealand Finance Minister Nicola Willis unveiled the Treasury’s half-yearly update, which slashed the nation’s growth forecast to only 0.1% for 2023-24, from 1.5% in the prior half-year update. This follows New Zealand’s Q4 GDP unexpectedly falling,
The post Reserve Bank poised to slash inflation forecast appeared first on MacroBusiness.