WSJ opinion piece says the RBA is likely to put its QE taper on hold due to Sydney lockdown set to extend
An article in the Wall Street Journal argues the risk of the Reserve Bank of Australia suspending its plan to 'taper' bond purchases has sharply increased.
Here is the link to local Australian media carrying the Journal piece (may be gated)
Cites the Sydney restrictions:
- grimmer than previous lockdowns
- likely to be extended
Warns the planned September RBA taper will be delayed if Sydney is still in lockdown in mid-to-late August.
RBA Gov Lowe: