World Economy

Australia’s central bank has its equity wiped out by the billions! As the rate hikes continue, global central banks are feeling the pain on their balance sheets. We have the Reserve Bank of Australia taking in horrific bond losses to the point of negative equity. This is bad news as rate hikes continue to soar. A mortgage crisis could be brewing and other central banks, like the ECB, have to brace for impact. Here’s what you must know!

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