Summary: RBA leaves GDP forecasts unchanged; underlying inflation forecasts rise again; jobless rate expected to rise modestly later this year; some headline inflation forecasts increase, others cut; ANZ: RBA “less confident” regarding normalisation of speed underlying inflation. 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 “Outlook” section stated,...