Shadow, let me again make it clear that when I say "printing money" I don't mean literally printing cash, I mean increasing the base money supply as well or instead.

As the article you said didn't support my position at all says:
During the period of international financial turmoil between 2007 and 2009, there were considerable frictions within the interbank market. As the financial crisis that mainly emerged in the North Atlantic economies unfolded, financial institutions in Australia also became less willing to lend funds to each other, partly due to uncertainty surrounding their own liquidity position, but also due to concerns they held about the creditworthiness of other financial institutions. These trends were most evident in the markets for longer-term debt, but were also felt in the market for overnight funds. To ensure that the cash rate traded at the Board's target throughout this period, the Reserve Bank accommodated the greater demand for ES funds by significantly increasing their supply.

Indeed if you look at http://www.tradingeconomics.com/australia/money-supply-m1 you will see that the M1 money supply was more volatile in that period and was above the long term trend (which seems to be roughly doubling every decade).

Does that answer your question?

Aidan,

Your definition of "printing" money changes from post to post.

If you had any economic education you would realise that ES financing are "overnight" clearance loans or deposits with a less than 24hr duration and is funded from the RBA's financial reserves, and thus makes almost zero impact on M1.

Looking at the M1 trend, it barely deviates from the long term trend of matching fiscal growth.