The RBA was in Senate estimates today and a good range of important topics was discussed. First off the rank is Senator Rennick talking about the Term Funding Facility (TFF) where Tax-Payer money is subsidizing bank profit.
Given the world have changed dramatically since the TFF was launched, this inequitable scheme should be closed out, along the lines of the ECB.
Kudos to Senator Rennick for tabling the issue.
More RBA shorts coming ahead!
The latest edition of our finance and property news digest with a distinctively Australian flavour.
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