From RBA's May SOMP Baseline Forecasts

By Sophia Rodrigues

From the RBA’s May Statement on Monetary Policy:

Baseline Scenario:

--GDP growth -8% June 2020; +7% June 2021, +5% June 2022
--Unemployment rate 10% June 2020, 6.5% June 2022
--CPI Inflation -1% June 2020, 1.5% June 2022
--Trimmed Mean Inflation 1.5% June 2020; 1.5% June 2022