Summary: RBA trims GDP forecasts; underlying inflation forecasts raised; jobless rate expected to stay lower for longer; headline inflation forecasts raised; ACGB yield fall; rate-cut expectations firm; ANZ: hurdle to another rate rise could be higher than previously expected. The Statement on Monetary Policy (SoMP) is released each quarter and it is closely watched for updates to the RBA’s own forecasts. In February’s SoMP, the opening sentence of the “Global...