RBA cuts economic forecasts, will miss inflation target

By Eryk Bagshaw
Updated November 10 2017 - 4:23pm, first published 4:11pm
Generic shoppers in Brisbane's Queen Street Mall. QueensPlaza crowds retail Christmas shopping economy National Australia Bank NAB. Brisbane Times.
Generic shoppers in Brisbane's Queen Street Mall. QueensPlaza crowds retail Christmas shopping economy National Australia Bank NAB. Brisbane Times.

The Reserve Bank has cut its forecasts for economic growth by 25 percentage points and said it's on track to miss its inflation target for four years in a row.

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