Summary: GDP forecasts raised significantly; inflation expected to be somewhat higher; jobless rate past peak, expected to continue fall steadily over 2021, 2022; Westpac’s Evans expects more QE. 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 statement of the “Outlook” section stated, “Following the largest contraction in decades, the global...