RBA’s New Deputy Governor May Tap BOE Bond Skills, Deutsche Says
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Australia’s incoming central bank deputy governor may draw on his background as an architect of the Bank of England’s active bond sales to revive discussion about quantitative tightening at his new employer, according to Deutsche Bank AG.
Andrew Hauser, named this week as the Reserve Bank’s No. 2 official, was previously executive director for markets at the UK central bank. He “brings to the RBA first-hand knowledge of the BOE’s vastly deeper experience with quantitative easing / tightening programs,” said Phil Odonaghoe, economist for Australia at Deutsche.