Business News

Why the Reserve Bank's record loss of $37 billion was actually good for Australia

Written by Isaac Gross, Lecturer in Economics, Monash University

Mick Tsikas/AAP

The Reserve Bank has just reported a loss of A$37 billion, the biggest in its history, and it says it will be unable to pay the government dividends for some time.

The announcement followed a review of its bond-buying program, one of the most important ways it supported the economy during the first two years of the pandemic.

In order...

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