Minutes: RBA Would Consider TFF Extension, Not Necessary At Present

"$95 billion of low-cost funding had been accessed through the Term Funding Facility and a further $95 billion was available to be drawn down under the facility until the end of June 2021. This low-cost funding would continue to provide support through to mid 2024. The Board would consider extending the facility if there were a marked deterioration in funding and credit conditions in the Australian financial system. However, there were no such signs currently. Members noted that the Australian banking system, with its strong capital and liquidity buffers, had remained resilient and was helping to support the economic recovery."