Reserve Bank faces losses on pandemic bond buying but cites critical "insurance" during crisis

The rising cost of emergency action at the height of the pandemic is becoming apparent with the Reserve Bank revealing it faces major losses from its massive bond buying program introduced in 2020.

The RBA maintains the program was successful in keeping government interest repayments low during the crisis and that it was critical "insurance" in ensuring the wheels of the economy kept turning. 

Read the RBA's review of its bond buying program here

Here's my nanalysis on The World Today and ABC News On Demand