Economics
RBA May Be Forced to U-Turn on Taper Timing, Yield Target
- Central bank seen playing its part for ‘Team Australia’
- Lowe could still stick to plans given activity outside Sydney
Philip Lowe
Photographer: James Brickwood/AFR/Bloomberg
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Australia’s central bank chief Philip Lowe faces the awkward prospect of having to walk back a taper announcement made only a month ago, as a resurgence of the coronavirus continues to confound the expectations of policy makers across the globe.