Economics

RBA Expected to Pare Back Emergency Stimulus Amid Lockdown

Seen sticking with yield-target bond, seeking more flexible QE
Lowe wants to ensure RBA tightening comes after any Fed moves

A near empty road during a lockdown in Sydney on June 29.Photographer: Brendon Thorne/Bloomberg

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By Michael Heath

July 4, 2021 at 7:00 PM UTC

Updated on

July 5, 2021 at 3:52 AM UTC

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Australia’s central bank is likely to gently rein in some of its emergency stimulus to reflect the economy’s powerful recovery, even with the nation’s largest city in lockdown due to an outbreak of the delta variant of Covid-19.