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RBA Glossary definition for STMM

STMM – Short-term Money Market

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Money and Finance | Conference – 1990

21 Jun 1990 Conferences
Ross Milbourne
This meant that following August 1984, banks could actively enter the short-term money market (STMM) and compete for funds. ... In particular, access to the STMM was responsible. Only a small part of this relative bank expansion was due to some NBFIs
https://www.rba.gov.au/publications/confs/1990/milbourne.html