The RBA has plenty in reserve, whether it needs it or not

In light of the Australian dollar's significant impact on the Reserve Bank's balance sheet, Joe Hockey's $8.8 billion capital injection is an economically prudent and shrewd political gesture.

Glenn Stevens today made a careful but inevitably considered contribution to the debate ignited by Joe Hockey’s decision to inject $8.8 billion into the Reserve Bank’s capital base last week. He provided fuel for both sides of the debate.

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