Summary: RBA raises GDP forecasts to June 2022, lowers forecasts further out; underlying inflation forecasts raised; jobless rate expected to fall to 4% by June; headline inflation forecasts increased noticeably in years to June, December 2022, later periods also raised. The Statement on Monetary Policy (SoMP) is released each quarter and it is closely watched for updates to the RBA’s own forecasts. In November’s SoMP, the opening sentence of the...