Global equity investors are bracing for the start of a tapering cycle, as a return of inflation and economic growth prompts central banks globally to ease the emergency monetary policy measures they introduced at the height of the pandemic last year.
Several central banks have already begun to scale back their quantitative easing programs and the Reserve Bank of Australia could be the next to taper, a move that could benefit the bank and miner-dominated local sharemarket.
“The biggest focus for me is when the RBA pulls the plug on the emergency settings and it looks like it could be happening soon,” said Wilson Asset Management lead portfolio manager Matthew Haupt.
Read more in the Australian Financial Review.
