Reuters reports that Australian Treasurer Jim Chalmers said the government would not have to inject new capital into the country's central bank to cover losses suffered on its pandemic-era bond-buying program.

''Asked by reporters about the losses, Chalmers said the Reserve Bank of Australia (RBA) had indicated a cash injection would not be needed and it would rebuild its finances internally over time.

The RBA earlier indicated it had taken a large loss on the A$300 billion ($200.94 billion) of government bonds bought during the pandemic, which would likely put it into negative equity.''