But, the extent of stimulus from these sources can be gauged in the first instance by considering their effect on the RBA balance sheet, hence my use of the term ‘balance sheet’ tools. A key example of this has been the TFF, which was recently expanded by $ billion to around $ billion.
Actually, it is banking that chiefly preoccupies me at present, but this is not the place for a detailed discussion of it. For the moment, let me just briefly remind you that our banking situation has called for clear and decisive action on a number of fronts.