Summary: RBA forecasts September GDP contraction; 2021, 2022 GDP forecasts still robust; December 2021 core inflation rate raised, other periods unchanged; jobless rate expected to increase in short term but then fall by June 2022; headline inflation forecasts increased noticeably in year to December 2021, later periods raised more modestly. The Statement on Monetary Policy (SoMP) is released each quarter and it is closely watched for updates to the...
Summary: RBA forecasts September GDP contraction; 2021, 2022 GDP forecasts still robust; December 2021 core inflation rate raised, other periods unchanged; jobless rate expected to increase in short term but then fall by June 2022; headline inflation forecasts increased noticeably in year to December 2021, later periods raised more modestly. The Statement on Monetary Policy (SoMP) is released each quarter and it is closely watched for updates to the...
Summary: RBA forecasts September GDP contraction; 2021, 2022 GDP forecasts still robust; December 2021 core inflation rate raised, other periods unchanged; jobless rate expected to increase in short term but then fall by June 2022; headline inflation forecasts increased noticeably in year to December 2021, later periods raised more modestly. The Statement on Monetary Policy (SoMP) is released each quarter and it is closely watched for updates to the RBA’s...