Reserve Bank posts annual loss, won't pay government a dividend

Reserve Bank posts annual loss, won't pay government a dividend
Reserve Bank governor Adrian Orr took up his position in March 2018. (Image: NZME)
Jenny Ruth
The Reserve Bank of New Zealand (RBNZ) isn’t paying the government a dividend this year after reporting an $86 million net loss for the year ended June.That was down from the $107m loss the central bank reported for the 2021 financial year, but it did pay the government a $140m dividend that year.Before the covid pandemic, the last time the reserve bank reported a loss was in 2010, when the deficit was $111m, but it still paid the government a $290m dividend.It didn’t pay a dividend in 2020, either, even though it reported a $371m p...

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