BOC cuts growth forecasts: 2016 1.1% vs 1.3% prior

BOC economic forecasts from the October 2016 monetary policy meeting 19 October 2016

• 2017 2.0% vs 2.2% prior

• 2018 2.1% unch

• Q3 ann GDP cut to 3.2% vs 3.5% prior
• Q4 1.5% vs 2.8% prior

Exports have been marked lower too.

CPI is also seen lower;

They also cut their forecasts for global growth to 2.8% vs 2.9% prior 2016, 3.2% vs 3.3% prior 2017. 2018 remains unchanged ta 3.5%.

The full monetary policy report is here.