Home / Market Update / Forex Market / RBA reveals $4.3bn accounting loss

RBA reveals $4.3bn accounting loss

Australia’s Reserve Bank made a multibillion-dollar loss on its securities and foreign exchange transactions during last financial year as unrealised valuation losses. The RBA recorded a $4.3 billion accounting loss in the 2020-21 financial year.


The RBA admitted higher interest rates could further hit its bottom line while beefing up the federal budget with a $2.7 billion dividend payment.

The Reserve Bank has recorded one of the biggest financial losses in its history. It is the bank’s second largest loss, only surpassed by a $4.9 billion loss in 2010-2011.

Investors and traders eye speech by Philip Lowe the governor of Australia’s central bank Thursday.

Check Also

Dollar Climbs Amid Trade Talk Confusion and Fed Rate Cut Hopes

The US Dollar gained ground on Friday, with the US Dollar Index (DXY) rising 0.37% …