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What are the main changes in the macroeconomic variables forecasted by the RBA for the next two years? Please explain the implications for monetary policy.

What are the main changes in the macroeconomic variables forecasted by the RBA for the next two years? Please explain the implications for monetary policy. Refer to the RBA monetary policy for February 2022 and February 2023 and explain the differences in these two reports in relation to the question.

Links to RBA policy https://www.rba.gov.au/publications/smp/2022/feb/pdf/statement-on-monetary-policy-2022-02.pdf https://www.rba.gov.au/publications/smp/2023/feb/pdf/statement-on-monetary-policy-2023-02.pdf

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