The RBA's February and May 2020 Statement on Monetary Policy Outlook

https://www.rba.gov.au/publications/smp/2020/feb/economic-outlook.html

https://www.rba.gov.au/publications/smp/2020/may/economic-outlook.html

include the following tables (Table 5.1 for February and Table 6.1 for May).

Table 5.1: Output Growth and Inflation Forecasts() Percent Year-ended Dec 2019 Jun 2020 Dec 2020 Jun 2021 Dec 2021 Jun 2022 GOP growth 24 3 3 3 (previous) (214] (215) (214) in/zi Unemployment ratelb! 5.2 514 5 5 [previous) (5947 (514) (514) (5) OPI Inflation 1.B 144 2 2 (previous) (1 14] (2) [14) (2) in/z) Trimmed mean Inflation 1.6 2 (previous) [14) Year-average 2019 2019/20 2020 2020/21 2021 2021/22 GDP growth 214 3 3 (previous) (1 14] (214) (214) in/zi 30 Todhinical assumptions Indude the Gah late moving in line with market pricing TIM at 93, A$ at US$1 67 and Brent crude oil price at US$54 per barrel shaded regions are historical data; ilguins In parentheses show the comesponding forecasts In the November 2019 Statement on Monday Philly 1 Average atein the quarter SQUINTS ARS FELATable 6.1: Output Growth and Inflation Baseline Forecasts().(b) Per cent Year-ended Dec 2019 June 2020 Dec2020 June 2021 Dec 2021 June 2022 GDP growth 2.2 -6 7 6 5 (previous) (214) 31 Unemployment rateld 5.2 10 9 616 (previous) (5.7) (514) (414) OPI Inflation 1.A -1 14 145 (previous) (14) Trimmed mean Inflation 1.6 114 114 144 (previous) (1.6) (1*4) (1 14] (2) Year-average 2019 2019/20 2020 2020,21 2021 2021/22 GDP growth -1 -5 -3 4 6 (previous) (2) (214) (214] The cashrateis awumed to remain at its current level, with other elements of the Bank's monetary stimulus package, induding the 0.35 portoant target for the 3-year government bond yield, assumed to remain constant with comment settings Other technical assumptions Indude the TW at 57, A$ at US$064 and Brent crude ol price at US$35 per barrel shaded regions are historical data; ilguins In parentheses show the commerponding forments In the February 2060 Stolement on Monetary Policy () Rounding varies- Activity to the newest whole number unemployment to the nearest half point; wages and prices to the newest quarter point () Awage rate In the quarter SOUNDER ARS FRA