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
Hot Topic
Hawke’s Bay
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
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Lachlan Colquhoun
Fri, 20 Oct 2023
Contact the Writer: lachlan@nbr.co.nz
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Red ink at RBA with A$6b loss
Australia,
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