In Australia, the economy has been undermined by the spread of the Delta variant, which triggered a lockdown in the capital of Canberra on Thursday, the first in more than a year
In contrast, the Reserve Bank of Australia (RBA) keeps insisting its rates will not rise until 2024 given a much softer long-term outlook for inflation and wages
"We expect the Governor to announce an open ended A$5 billion per week purchase programme to be reviewed later in 2021 to be introduced following the completion of QE2," Evans said.