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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

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.