Summary: RBA raises GDP forecasts; underlying inflation forecasts raised; jobless rise deferred until next year; headline inflation forecasts raised; Westpac: bar to further hikes clearly lower now. 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 “Outlook” section essentially restated what had been said in the previous two SoMPs....