Summary: RBA trims GDP forecasts out to June 2026; underlying inflation forecasts lowered slightly; jobless rate expected to rise slightly, stabilise in mid-4s in 2025; headline inflation forecasts generally reduced; ACGB yields rise; rate-cut expectations soften; Citigroup: fairly neutral overall. The Statement on Monetary Policy (SoMP) is released each quarter and it is closely watched for updates to the RBA’s own forecasts. In August’s SoMP, the opening sentence of the...