APRA shuts the CLF, tells banks to buy assets

[This is an edited version of a post that was first published on livewire, on 10 September 2021] In a move that’s a bit more aggressive than I had expected, APRA just announced that they will close the CLF (Committed Liquidity Facility).   The CLF will be reduced in four equal steps (1 Jan’22: $104 billion; 30 Apr’22: $70 … Read more