- Global financial sector tensions have created new adverse shock of yet-uncertain magnitude and persistence
- Uncertainty will likely have an adverse effect in the coming quarters and weaken inflation dynamics
- Sees 2023 GDP growth at 1.6% and 2.3% in 2024
- Cuts 2023 inflation estimate to 3.7% from 4.9%
- 12-month inflation rate could fall to 3-4% in March from 6% in February
Is this a sign of what's to come? Or will we get more inflation surprises like we did from the UK today?
