COVID versus the central banks
Tuesday 7th September 2021The RBA meets today and the big question is, will they push on with their tapering schedule, reducing weekly purchases from $5b per week to $4b. NAB’s Ray Attrill says that they will, but there are concerns about the optics of making a move when the economy is in lockdown. The same question applies to the ECB later this week. Central banks have a direction they want to take, but the timing is being determined by the rise in COVID cases. On that, a rate hike by the RBNZ is looking even more likely, as the country starts to ease restrictions as cases are contained…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.