Trial now
MNI

Coming up in the Asia-Pac session on Tuesday:

ASIA

Coming up in the Asia-Pac session on Tuesday:

USDCAD TECHS

Heading North

G7

Health Ministers Release Joint Statement

AUDUSD TECHS

Heavy!

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

Unrealised losses from the Reserve Bank of Australia's pandemic policies have seen the bank record a AUD4.3 billion accounting loss for the 2020-21 financial year, second only to the AUD4.9 billion loss in 2010-11 after the global financial crisis.

The results are included in the central bank's annual report released on Friday which show the RBA's balance sheet was hit by more than AUD8 billion in both realized and unrealised losses, taking a AUD3.5 billion hit due to the stronger AUD, and a AUD2.7 billion loss on the fall in bond premiums.

Despite this, the RBA reported underlying profits of AUD4.2 billion. The central bank now holds a record high AUD540 billion in assets, including AUD253 billion in government bonds.