Australia Treasurer: RBA does not require additional capital injection from government
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Reuters reports that Australian Treasurer Jim Chalmers said the government would not have to inject new capital into the country’s central bank to cover losses suffered on its pandemic-era bond-buying program.
”Asked by reporters about the losses, Chalmers said the Reserve Bank of Australia (RBA) had indicated a cash injection would not be needed and it would rebuild its finances internally over time.
The RBA earlier indicated it had taken a large loss on the A$300 billion ($200.94 billion) of government bonds bought during the pandemic, which would likely put it into negative equity.”
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