But the form and substance of the banking products and services, including the means of delivery and distribution, are choices that only the banks can make. Thrift banks will have to define your market niche, as individual institutions that compete with others and as an industry that collaborates with the whole.
As I suggested earlier, it is likely that at least initially, the Bank will be making commitments under the CLF of around  9  “Cash” in this context means rates on overnight indexed swaps, which are referenced against the cash rate. This information can be obtained from the RBA website, where information on our daily operations in the cash market is published.