Wednesday 8th September 2021
The RBA is pushing ahead with its tapering of bond purchases, just as predicted on The Morning Call, but the bank is doing it in a very dovish fashion. There won’t be any further cuts in the quantity until February next year. Does that suggest the RBA is seeing a slower recovery? NAB’s Rodrigo Catril reads between the lines in the RBA statement yesterday, and looks at why the US markets are showing so much caution on the return from the Labor Day holiday. Plus, China’s surprise trade numbers and a look ahead to the Bank of Canada tonight.