Business
Big loss and risks ahead for RBA as it beefs up federal budget – Sydney Morning Herald
The Reserve Bank has recorded a $4.3 billion accounting loss and admits higher interest rates could further hit its bottom line….
While the Reserve Bank earns a profit in most years, it also holds capital and reserves to coverpotential financial losses when they occur, it said.
Despite the loss, the bank paid a $2.7 billion dividend to the federal government. That is the largest dividend…
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