The RBA has lowered its forecasts for GDP growth and inflation in the latest quarterly Statement on Monetary Policy. The RBA says that growth in 2015 is forecast to be 2.25%, down from 2.50%, while inflation for 2015-16 (both headline and core) has been cut by 0.5%. The SoMP is released each quarter and is closely watched for the updates to the RBA’s own forecasts. The Bank reiterated that...