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RBA Sticks With Cautious Taper Plan as Delta Sweeps Economy

  • Bank will buy A$4 billion of bonds a week until mid-February
  • RBA had planned to review bond purchases in mid-November
Outside the Reserve Bank of Australia (RBA) building in Sydney, on Sept. 6.

Outside the Reserve Bank of Australia (RBA) building in Sydney, on Sept. 6.

Photographer: David Gray/Bloomberg
Updated on

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The Reserve Bank of Australia pushed ahead with a cautious winding back of its bond-buying program, underlining its confidence in the economy’s recovery prospects once a longer-than-expected virus wave abates.