Little in the way of stand out, new.............>

RBA: Little in the way of stand out, new information after giving the latest

offering from Deputy Gov. Debelle, titled "The Virus and the Australian Economy"

- The speech touched on FI/money markets:

- Debelle noted that "the Australian banking system is well capitalised and is

in a strong liquidity position. The Australian banks had raised a significant

amount of wholesale funding before the disruption to markets and deposit inflows

are robust. They are resilient to a period of market disruption. Spreads on

Australian bank bonds have widened, although yields remain at levels that are

still very low historically. We have not seen any particular sign of pressure in

our daily market operations to date. The spread between the bank bill swap rate

and the expected policy rate (OIS) has risen in recent days but remains low,

nothing at all like what occurred in GFC."

- Link: https://www.rba.gov.au/speeches/2020/sp-dg-2020-03-11.html