Reserve Bank of Australia to Post ‘Substantial’ Loss: Deputy Governor

Reserve Bank of Australia to Post 'Substantial' Loss: Deputy Governor

Reserve Bank of Australia Deputy Governor Michele Bullock said the central bank will record a “substantial” loss in the fiscal year just gone and be in negative equity for a period due to its massive bond-buying program. Bullock, speaking at Bloomberg’s Sydney office, also said she would hesitate to guess what the neutral rate might be in response to a question.

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