RBA loses a little patience
NAB Morning Call
00:00
What's the Impact of the Term Funding Facility on the Market?
Market reaction to the Fed meeting was more than expected. The term funding facility will roll off around half of next year, and 50% in 2015. That takes a lot of relatively cheap funding from the banks. It will run down the r b as balance tet,. And that probably will, that will tighten financial conditions and raise funding costs of banks. Now, let ther's lot of numbers coming up to day, including ozy retail s later on. What are we expecting on those retail numbers? So if or retail sales were, we're in line with consensus at point, five % month on month. We saw another sign, i'm guessing, of growing inflation in the united
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