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

Ahead of RBA’s monetary policy meeting on September 7, Goldman Sachs analysts expect the Australian central bank to maintain its hawkish stance.

Key quotes

“RBA will discuss delaying taper.”

“It’s inconceivable that consideration of a delay to tapering would not be on the September meeting agenda.”

“The arguments Governor Lowe made for tapering remain valid.”

“Expect the plan announced in July for a September taper will remain unchanged. “ 

• AUD/USD: Aussie/China data probe bulls around 0.7400, US NFP in focus