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Australia to Scrap QE, Revise Up Inflation as Rate Debate Builds

  • Economists bring forward rate-hike forecasts to third quarter
  • Weak wages growth suggests RBA may be less hawkish than peers
An officer worker pushes a cart of documents past the Reserve Bank of Australia building in Sydney, Australia.

An officer worker pushes a cart of documents past the Reserve Bank of Australia building in Sydney, Australia.

Photographer: David Gray/Bloomberg

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Australia’s central bank will jettison its 15 month-old quantitative easing program and revise up its inflation forecasts, setting the stage for an interest-rate hike in the third quarter, economists say.