The bank's updated projections left growth forecasts unchanged for 2019 and 2020, at 1.9 and 1.7 percent, respectively.

Its inflation projections were also unchanged for 2018 at 1.4 percent, but slightly lowered for 2019 from 1.5 to 1.4 percent. The bank still expects inflation to hit 1.7 percent in 2020.

 

 

Copyright AFP (Agence France-Press), 2018