Bullock comments now (Headlines via Reuters): • RBA's accounting loss in 2021/22 was net a$36.7 bln. • Loss on bond holdings took net equity to -a12.4 bln. • Negative equity position will not affect RBA's ability to do its job. • Can create money to meet our obligations, so RBA is not insolvent. • Will retain future profits, pay no dividend to govt until capital is restored. • Govt bond issuer will make an offsetting valuation gain on RBA bond holdings. • RBA will return to positive equity over timendependent financial or tax advisor if you have any questions. (full story)

Reserve Bank of Australia Deputy Governor Michele Bullock Q&A: • Will be looking at monthly cpi, but will be lot of noise in figures. • Monthly cpi numbers are unlikely to have implications for October policy meeting. • Policy is not restrictive as yet, looking at opportunities to slow hikes at some point. • Australia in a better position on inflation than some other countries. (full story)