The minutes from the Bank's April decision......>

RBA: The minutes from the Bank's April decision note that "the Bank had injected

substantial liquidity into the financial system through its daily open market

operations to support credit and maintain low funding costs in the economy.

Given the substantial liquidity that was already in the system and the

commencement of the TFF, daily open market operations were likely to be on a

smaller scale in the near term. Members noted that operations at longer terms

would continue, but the frequency of these operations would be adjusted as

necessary according to market conditions. The Board remained committed to

supporting jobs, incomes and businesses as Australia responds to the COVID-19

outbreak."