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RBA Says Tapering QE, Ending in May Is Consistent With Forecasts

The Reserve Bank of Australia said tapering its bond buying program at the first meeting of 2022 and ending it in May is consistent with existing forecasts, as policy makers presented an upbeat view of the economy. 

The RBA’s board discussed two other options for quantitative easing: it could cease purchases in February if better-than-expected progress was made toward its employment and inflation goals, according to minutes of the Dec. 7 meeting released Tuesday. The third option was to taper in February and review again in May if progress was slower.