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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.
Australia s c bank may reverse policy taper decision - economists
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Australia s central bank may reverse policy taper decision – economists
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