will also cause large losses for the bank, potentially putting it into negative equity, reported Reuters.In a review of the BPP, the Reserve Bank of Australia estimated the financial costs of the program to the bank could range anywhere from A$35 billion to A$58 billion depending on the level of official interest rates.
The RBA's Board concluded the program was successful in lowering both borrowing coasts and the Australian dollar, but should only be used in emergencies in future.AUD/USD resists reacting to the otherwise price-positive news as it remains pressured near the yearly low, around 0.6690 by the press time, amid pre-Fed anxiety.Information on these pages contains forward-looking statements that involve risks and uncertainties.
Source: Financial Digest (financialdigest.net)
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