RBA TFF drawdown steady since Sep 30 as bks await rate cut
By Sophia Rodrigues
Published On 30 Oct 2020 , 04:13 PMTotal amount drawdown from the RBA's Term Funding Facility has been unchanged for three straight weeks at A$82.91 billion (Oct 28) as banks wait for a cut in the TFF rate at the board meeting on November 3.
In fact, since September 30 no new funds have been drawn down by banks. On that day -- the last day for accessing initial drawdown -- total amount taken up was A$83.19 billion, and it fell marginally after that due to repayment.
The RBA is widely expected to lower TFF rate to 10bps from 25bps, but the lower rate will be applicable to only new drawings.
More here.
LATEST SNIPPETS
RBNZ lowers OCR 25bps to 3%
The Reserve Bank of New Zealand cut the Official Cash Rate by 25bps to 3.00%, taking the total cuts in the current ea...
Published on : 20 Aug 2025 , 12:13 PMRBA trims cash rate by 25bps to 3.6%
The Reserve Bank of Australia cut the cash rate by 25bps to 3.60%, in line with expectations.
The rate cut...
Published on : 12 Aug 2025 , 02:40 PMRBA keeps cash rate unchanged at 3.85%
The Reserve Bank of Australia left the cash rate unchanged at 3.85%, defying market expectations for a 25bps cut.&nbs...
Published on : 08 Jul 2025 , 02:53 PMRBA cuts cash rate to 3.85%
The Reserve Bank of Australia lowered the cash rate by 25bps to 3.85%, citing continued easing in inflation as reflec...
Published on : 20 May 2025 , 02:48 PMRBA lowers cash rate target to 4.10%
The Reserve Bank of Australia lowered the cash rate by 25bps to 4.10% -- the first rate cut move since November 2020....
Published on : 18 Feb 2025 , 02:41 PMRBA Cash Rate Unchanged but Key Message Removed
The Reserve Bank of Australia left the cash rate unchanged at 4.35% but pivoted to a dovish stance by omitting the ke...
Published on : 10 Dec 2024 , 02:40 PMRBA Cash Rate Remains at 4.35%, Still Vigilant to Upside Risks
The Reserve Bank of Australia maintained the cash rate at 4.35% and retained the key message that it remains vigilant...
Published on : 05 Nov 2024 , 02:44 PMRBA keeps cash rate unchanged at 4.35%
The Reserve Bank of Australia left the cash rate unchanged at 4.35% and reiterated the key message that it is not rul...
Published on : 24 Sep 2024 , 02:37 PMAustralia July monthly CPI up 3.5% y/y
Australia's monthly Consumer Price Index Indicator rose 3.5% y/y in July compared with a 3.8% rise in June, data...
Published on : 28 Aug 2024 , 11:40 AMRBA leaves cash rate unchanged at 4.35%
The Reserve Bank of Australia left the cash rate unchanged at 4.35% at the August board meeting and reiterated the me...
Published on : 06 Aug 2024 , 02:41 PM