Economics
Australia Central Bank Set to Defer Bond Taper, Survey Shows
- All but one of 18 polled see economy contracting this quarter
- CBA reckons unemployment will hit 5.6% in October vs 4.9% now
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Australia’s central bank is likely to push back its planned taper of bond buying, just four weeks after announcing it, as prolonged lockdowns triggered by the delta virus variant look set to send the national economy back into reverse.