The market also seems to accept the idea that such operations are exclusively for liquidity management purposes, and contain no messages about monetary policy. (rba.gov.au)
I think many of the principles of liquidity management translate from the banking sector to the super sector, although I have the sense that this is not yet fully appreciated. (rba.gov.au)
It seems likely that the drop in settlement balances owes importantly to an increased focus by banks on liquidity management; this is, of itself, highly desirable. (rba.gov.au)