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CBA: RBA Board to reverse bond taper - MacroBusiness

MacroBusiness Access Subscriber Only Content By Gareth Aird, head of Australian economics at CBA Key Points: The July Board Minutes note that the decision to taper bond purchases from mid‑September was underpinned by the assessment that, “economic outcomes had been materially better than earlier expected and the outlook had improved.” The near term economic outlook has since deteriorated due to extended lockdowns in large parts of the country. We now expect the RBA Board to reverse the decision to taper the bond buying program from mid‑September if Greater Sydney and/or Victoria are still in lockdown at the time of the August Board meeting (3 August).

Australia s central bank may reverse policy taper decision - economists

Message : Required fields 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.

Asia fears summer of virus amid stock sell-off

Asia fears summer of virus amid stock sell-off
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