Australia’s central bank is approaching a decision on whether the economy is strong enough for it to join Canada and New Zealand in signaling a move away from emergency mode.
While no change in policy settings is expected at Tuesday’s meeting, the Reserve Bank will likely hold preliminary discussions on whether to extend the three-year yield target and undertake further quantitative easing. Governor Philip Lowe said the board will make a call on both in July.
The strength of recent economic data suggests the central bank could opt against rolling its…
