Australia’s Stimulus Debate Gets a Jolt From Canada’s Taper By Bloomberg
(Bloomberg) -- The Bank of Canada’s move to scale back debt purchases may fuel debate on whether its Australian counterpart is certain to extend its yield-curve control and announce a third round of quantitative easing. Governor Tiff Macklem is scaling back purchases of Canadian government debt by a quarter and accelerating the timetable for a possible interest-rate increase at a time when Australia’s economy is arguably outperforming its North American peer. Reserve Bank of Australia Governor Philip Lowe will have a close eye on developments in Ottawa while he awaits a pickup in consumer prices and...
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