Covid: Reserve Bank of Australia takes $30bn hit on bond purchases ...Saudi Arabia

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Covid: Reserve Bank of Australia takes $30bn hit on bond purchases
Australia's central bank has revealed that it has lost A$44.9bn ($30bn; £26.3bn) on the bonds it bought as part of its efforts to support the country's economy during the pandemic. The Reserve Bank of Australia's (RBA) deputy governor says that wiped out the bank's profit for the 2021-22 year, (...)

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