To answer your questions (just my point of view): Why lock cash away in a term deposit?.... it would suggest they maybe dont need the cash freely available as they have a clear expectation to hit their revenue numbers in the coming 6 months.... that one would seem pretty logical.
Why lock it away now expecting the RBA to again increase rates?.... well any cash rate increase is rarely passed on in full to depositors, why wait?!... & given a term deposit could be 3, 6 or even 12 months, gives them both a return on their cash reserves today & flexibility in relation to expected revenue in the coming months to reasses.
Makes sense to me.
Ann: Half Yearly Report and Accounts, page-30
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