InvestorsHub Logo
Followers 16
Posts 1267
Boards Moderated 0
Alias Born 01/24/2015

Re: None

Sunday, 09/25/2022 6:28:37 PM

Sunday, September 25, 2022 6:28:37 PM

Post# of 140171
Central bank problems increasing... Hmm.
"The losses eclipsed underlying earnings of A$8.2 billion and left the central bank with an accounting loss of A$36.7 billion.
It also ate up all the RBA’s reserve funds, leaving it with a negative net equity position of A$12.4 billion. Bullock noted that while this would bankrupt a normal commercial entity, the RBA’s liabilities are guaranteed by the government. “Furthermore, since it has the ability to create money, the Bank can continue to meet its obligations as they become due and so it is not insolvent,” said Bullock."
...yet.
IMO/NFA
Ref:
https://www.cnbc.com/2022/09/21/australias-central-bank-has-equity-wiped-out-by-billions-in-bond-losses.html?&qsearchterm=australia%20central%20bank
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent AMC News