(S (S (PP (IN In) (NP (BASENP (PRPD its) (JJ mid-year) (NN review)) (PP (IN of) (BASENP (ADJP (JJ monetary) (CC and) (JJ regulatory)) (NN policy))))) (COMMA ,) (S (BASENP (DT the) (NNP Reserve) (NNP Bank)) (VP (VBZ has) (VP (VP (VBN forecast) (NP (BASENP (DT an) (JJ annual) (NN GDP) (NN growth)) (PP (IN of) (BASENP (NN 8.0) (NN %))))) (COMMA ,) (PP (IN as) (PP (IN against) (NP (NP (BASENP (DT the) (QP (NN 7.5-8) (NN .0)) (NN %) (NN forecast)) (ADVP (RBR earlier))) (PP (IN in) (NP (PRPD its) (NP (BASENP (JJ annual) (NN policy) (NN statement)) (CC and) (BASENP (JJ first) (NN quarter) (NN review)))))))))))) (PERIOD .))