2019 inflation seen at 1.3% (previously 1.4%)
2020 inflation seen at 1.4% (previously 1.5%)
2021 inflation seen at 1.5% (previously 1.6%)
Longer-term inflation projection cut to 1.7% from 1.8%.
2019 real GDP growth seen at 1.2% (unchanged)
2020 real GDP growth seen at 1.3% (previously 1.4%)
2021 real GDP growth seen at 1.4% (unchanged)
Longer-term GDP growth is seen at 1.4%.