RBA: Economy to bounce back

Original article by John Kehoe
The Australian Financial Review – Page: 1 & 6 : 8-Sep-21

Reserve Bank of Australia governor Philip Lowe has warned that GDP is likely to decline "materially" in the September quarter due to COVID-19 lockdowns. However, he believes that the economy will rebound as vaccination rates increase and restrictions are eased, and growth in the December quarter will allow Australia to avoid a technical recession. The central bank left official interest rates on hold at 0.1 per cent at its September board meeting; it has also advised that its bond-buying program will be maintained at the current level until at least February 2022.


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