Today’s release of the RBA’s Statement on Monetary Policy (SoMP) had very little effect on markets and, according to Westpac, it “did not alter market perceptions around RBA policy.” Most forecasts from May’s SoMP remained intact, with the exceptions of underlying inflation for the year to June 2017, which was increased by 0.5% to 1.5%-2.5% and GDP for the year to June 2018 was bumped up by 0.5% to 3.0%-4.0%....