That headline is getting a bit of a run, probably in relation to Australia's largest city, Sydney, copping another four weeks of lockdown imposed yesterday:
However, expectations for the already announced Reserve Bank of Australia taper evaporated well before this.
- July 18: WSJ opinion piece says the RBA is likely to put its QE taper on hold due to Sydney lockdown set to extend
- July 20: Goldman Sachs says RBA tapering of QE bond-buying to be delayed until November
And, Westpac already went way beyond the 'delay', analysts at the bank over a week ago tipping more QE to come
ANZ and CBA also expect a delay:
- Australia - ANZ expect an economic contraction in Q3, rebound in Q4
- CBA says taper is February 2022 at the earliest
Next RBA meeting is August 3:
