RBA reports huge losses from bond purchase programme
Central bank says its asset purchase programme helped boost the economy despite its financial cost
Australia’s central bank said it will not be able to pay dividends to the government for some years due to a “substantial” loss from its bond-buying programme during the pandemic.
The announcement follows the Reserve Bank of Australia’s latest review of its A$281 billion (US$185 billion) asset purchase programme. The programme began in November 2020 and ended in February 2022. Despite the losses, the RBA concluded that the measure had contributed to Australia’s economic recovery and helped
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