This graph shows daily data on the target cash rate set by the RBA Board and the actual cash rate observed in the market. The actual cash rate is the weighted average cash rate, weighted by value, reported to the RBA each day by a panel of banks and published by the RBA at the end of each day.
The graph provides data from January 1993 to 5 November 2008. It shows that the variation of the actual cash rate around the target cash rate has diminished over the period to the point where the actual cash rate is now almost always equal to the target.
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This graph shows the composition of the RBA’s holdings of domestic securities as at the end of June for the years 1996 to 2007. The data is presented in dollars and separately identifies holdings of Commonwealth Government Securities held on an outright basis and under repurchase agreements, domestic and offshore securities of the State and Territory governments held on an outright basis and under repurchase agreements, selected banks bills and certificates of deposits (CDs) held under repurchase agreements, and domestic securities issued by select supranational institutions, foreign sovereigns and government agencies held under repurchase agreements. The graph shows that total holdings of these securities has ranged between $15 billion and a little over $30 billion over the period.
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