RBA Statement on Monetary Policy August 2015 GDP growth in 2016 now expected to average 2.5% (prev. 3.0%) Unemployment to remain at or near current levels for 18 months Inflation forecast to be slightly higher for 2016/2017 (2.5% at end of 2016 from 2.25%) The RBA’s quarterly statement of monetary policy was released on 7 August and its mood was generally positive despite some downgrades to growth forecasts. The main...