Australia Treasurer: RBA does not require additional capital injection from government

Reuters reports that Australian Treasurer Jim Chalmers said the government would not have to inject new capital into the country's central bank to cover losses suffered on its pandemic-era bond-buying program.

''Asked by reporters about the losses, Chalmers said the Reserve Bank of Australia (RBA) had indicated a cash injection would not be needed and it would rebuild its finances internally over time.

The RBA earlier indicated it had taken a large loss on the A$300 billion ($200.94 billion) of government bonds bought during the pandemic, which would likely put it into negative equity.''