Australia - ANZ expect an economic contraction in Q3, rebound in Q4

I posted earlier on CBA's horrendous forecast for a GDP slump in Q3 due to the extended lockdown in Sydney:

• Australian CPI report due today - but AUD likely to be moved by at least 2 other factors

ANZ now:

• forecasting GDP -1.3% q/q in Q3
• a solid rebound in Q4

Implications for the Reserve Bank of Australia:

• to defer its QE taper until at least November

(In that link above, CNA expect the taper to be delayed until February next year).