Australia central bank seen reversing taper decision as lockdowns hit economy: Reuters poll
FILE PHOTO: An ibis bird perches next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel Munoz
July 29, 2021
By Swati Pandey
SYDNEY (Reuters) – Australia’s central bank will likely reverse a decision to trim its bond buying programme when it holds its monthly meeting next week with the country’s economy in dire straits due to a longer and deeper virus lockdown in Sydney.
All but one of 44 economists surveyed by Reuters between July 22 and 28 see no change to the policy rate of 0.1% at the Reserve Bank of Australia’s (RBA) Aug. 3 board meeting with one predicting a cut to 0.05%.