Red ink at RBA with A$6b loss
The central bank may not get back to a positive equity position until 2030.
The RBA purchased around A$330b in government debt during the pandemic.
Lachlan Colquhoun
Fri, 20 Oct 2023
While Australia’s big commercial banks continue to post billion dollar profits, the country’s central bank is awash in red ink after posting another accounting loss of A$6b.
The Reserve Bank of Australia’s annual report, released yesterday, shows that the $6b loss follows an even bigger loss
Want to read more? It's easy.
Choose your best value subscription option
Individual
Group membership
NBR Marketplace
Yearly Premium Online Subscription
NZ$499.00 / yearly
Monthly Premium Online Subscription
NZ$44.95 / monthly
Smartphone Only Subscription
NZ$24.95 / monthly
Premium Group Membership 10 Users
NZ$350+GST / monthly
$35 per user - Pay by monthly credit card debitPremium Group Membership 20 Users
NZ$600+GST / monthly
$30 per user - Pay by monthly credit card debitPremium Group Membership 50 Users
NZ$1250+GST / monthly
$25 per user - Pay by monthly credit card debitPremium Group Membership 100 Users
NZ$1875+GST / monthly
$18.75 per user - Pay by monthly credit card debitYearly Premium Online Subscription + NBR Marketplace
NZ$499.00 / yearly
Already have an account? Login
Lachlan Colquhoun
Fri, 20 Oct 2023
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Red ink at RBA with A$6b loss
Australia,
101339