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Reserve Bank slashes dividend, announces accounting loss in annual report

The Federal Government will be paid a substantially lower dividend from the Reserve Bank due to the value of its foreign assets being hurt by the resurgent Australian dollar over the past year.

by | 15 Sep, 2017

Interest rate hikes: Here’s the four reasons why the RBA can’t raise rates

In its annual report released this afternoon, the RBA said it would send a lighter $1.28 billion to Treasury in 2016/17 compared to $3.22 billion in the previous year.

Read the full article on ABC Online.

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