RBA: Likely to stick to its taper plan next week – Goldman Sachs

Ahead of RBA’s financial coverage assembly on September 7, Goldman Sachs analysts assume the Australian central financial institution to keep its hawkish stance.

Key quotes
“RBA will talk about delaying taper.”

“It’s impossible that consideration of a prolong to tapering would no longer be on the September assembly agenda.”

“The arguments Governor Lowe made for tapering continue to be valid.”

“Expect the diagram introduced in July for a September taper will stay unchanged. “

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