Summary: RBA cuts GDP forecast to June 2022, raises June 2023 forecast; underlying inflation forecasts noticeably higher; jobless rate expected to fall to 3.75% by June; headline inflation forecasts increase noticeably again; further rate increases over the months ahead. 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 “Outlook”...