Summary: near-term RBA GDP forecasts increased; underlying inflation forecasts unchanged; jobless rate expected to peak under 8%, followed by gradual decline; labour market conditions improve “a bit faster than expected” but “remain soft overall”; near-term headline inflation forecasts lowered; RBA balance sheet, potential for negative interest policy to be under scrutiny. The Statement on Monetary Policy (SoMP) is released each quarter and it is closely watched for updates to...