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SYDNEY (Reuters) - Australia's central bank will likely reverse its decision to taper its bond buying programme if Sydney remains in a coronavirus lockdown when the board meets on Aug.3, economists at the country's top banks said on Tuesday.
Earlier this month, the Reserve Bank of Australia (RBA) announced it will trim its bond purchases from September to A$4 ($2.93 billion) a week from the current A$5 billion, citing better-than-expected economic outcomes.
Since then, three of Australia's six states have plunged into a lockdown with the most populous city Sydney, the powerhouse of the country's A$2 trillion economy, facing its harshest restrictions since the pandemic began in 2020.