Australia Sticks With Taper Plan Even as Virus Dents Economy
Yahoo! Finance
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.The Reserve Bank of Australia said it will stick with its planned tapering of bond purchases even as Sydney’s protracted lockdown is set to shrink the economy this quarter.The Australian dollar advanced after Governor Philip Lowe and his board surprised economists by keeping to their plan to reduce the pace of weekly bond purchases to A$4 billion ($3 billion) in September from A$5 billi
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