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.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles