Economics

Australia’s Central Bank Holds as East Coast Reopening Looms

Economy to ‘bounce back’ on vaccinations, easing restrictions
Lowe cites need for appropriate loan serviceability buffers

Philip Lowe
Photographer: Mark Graham/Bloomberg

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By Michael Heath

October 5, 2021 at 3:38 AM UTC

Updated on

October 5, 2021 at 4:37 AM UTC

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Australia’s central bank kept its monetary settings unchanged, betting there’s enough stimulus to foster an economic recovery ahead of a gradual reopening of Sydney and Melbourne as vaccination rates climb.