In turn, this has been transmitted through to lower borrowing costs for households and businesses (Graph 10).
rba4-local.rba.gov.au/speeches/2020/sp-dg-2020-06-30.html  14/18  30/06/2020  The Reserve Bank's Policy Actions and Balance Sheet | Speeches | RBA  Graph 10  Banker for the Australian Government Let me briefly talk about one other factor that has a major influence on the RBA's balance sheet, namely Government transactions.