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澳洲央行维持缩减购债规模的计划 虽然疫情料将使本季经济陷入萎缩

The Reserve Bank of Australia maintains a plan to scale back its bond purchases, although the epidemic is expected to shrink the economy this quarter

新浪財經 ·  Aug 3, 2021 02:14

The Reserve Bank of Australia said it would maintain its plan to scale back its bond purchases, although the prolonged blockade in Sydney would lead to a contraction in the economy this quarter.

The Australian dollar strengthened after RBA governor Philip Lowe and his board surprised economists on Tuesday to maintain their plan to reduce weekly bond purchases to A $4 billion (US $3 billion) in September from the current A $5 billion, while keeping the cash interest rate at 0.1%.

"the experience so far is that once the epidemic is brought under control, the economy will rebound quickly," Lowe said in a statement. "the economy is benefiting from a lot of additional policy support, and the vaccination programme will also help the recovery."

The unexpected move reflects the potential confidence of policymakers, after all, the Australian dollar has depreciated by about 7% in the past five months, yields have fallen, and the economy is well supported, and the economy is likely to rebound quickly once epidemic restrictions are lifted.

Still, Lowe has made it clear that he does not want to stay ahead of the Fed in easing stimulus measures, and Federal Reserve Chairman Colin Powell says there is still some way to go before the United States gets smaller.

"the council will maintain its flexibility in bond purchases," Lowe said. The plan will continue to be reviewed in the light of economic conditions and outbreaks and their impact on expected progress towards full employment and inflation targets.

The Australian dollar climbed after the announcement, trading at US $0.7403 at 14:46 Sydney time and about US $0.7370 before the release.

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