Search: interbank overnight rate
RBA Glossary definition for interbank overnight rate
interbank overnight rate – The interbank overnight rate (also known as the cash rate) is the interest rate which banks pay or charge to borrow funds from or lend funds to other banks on an overnight unsecured basis. The Reserve Bank of Australia uses this rate as an operational target for the implementation of monetary policy. The Reserve Bank of Australia calculates and publishes this rate each day on the basis of data collected directly from banks. The interbank overnight rate has been published by the Reserve Bank of Australia since June 1998.
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Discussion of Recent Developments in Federal Reserve System Liquidity and Reserve Operations
22 Oct 2008
Conferences
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76KB
RBA Conference Volume 2008
https://www.rba.gov.au/publications/confs/2008/pdf/hilton-disc.pdf
Credit and Monetary Policy: An Australian SVAR
30 Sep 2005
RDP
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204KB
Credit is assumed to respond to output, inflation and the overnight cash rate,contemporaneously. ... Nominalofficial cash rate until June 1998, and then the interbank overnight rate (ReserveBank of Australia).
https://www.rba.gov.au/publications/rdp/2005/pdf/rdp2005-06.pdf
Financial System Liquidity, Asset Prices and Monetary Policy
27 Nov 2006
Conferences
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279KB
RBA Conference Volume 2005
https://www.rba.gov.au/publications/confs/2005/pdf/shin.pdf
Exchange Rate Movements and the Australian Economy
4 Feb 2015
RDP
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1416KB
To justify the first assumption, we note that short-term movements in the real exchange rate largely reflect changes in nominal exchange rates. ... The inclusion of output, inflation, interest rates and the real exchange rate in the domestic block is
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-11.pdf
Measuring Global Interest Rate Comovements with Implications for Monetary Policy Interdependence
29 Dec 2022
Conferences
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495KB
RBA Annual Conference 2022
https://www.rba.gov.au/publications/confs/2022/pdf/rba-conference-2022-fry-mckibbin-mckinnon-martin.pdf
Financial Markets, Institutions and Liquidity
19 Dec 2013
Conferences
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290KB
RBA Conference Volume 2013
https://www.rba.gov.au/publications/confs/2013/pdf/allen-carletti.pdf
OPEN MARKET OPERATIONS IN AUSTRALIA: A U.S. PERSPECTIVE Michael ...
17 Oct 2014
RDP
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817KB
dealers will only borrow if overnight rates rise to the level of the lender of. ... day funds and the rates charged and the rate on LLR loans will play an.
https://www.rba.gov.au/publications/rdp/1987/pdf/rdp8702.pdf
On the Economics of Committed Liquidity Facilities
19 Dec 2013
Conferences
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823KB
RBA Conference Volume 2013
https://www.rba.gov.au/publications/confs/2013/pdf/bech-keister.pdf
A Sectoral Model of the Australian Economy
13 May 2008
RDP
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220KB
The overnight cash rate has been the chief instrument of monetary policy since the float of the dollar in December 1983, which spans our entire sample. ... Overnight cash rate: Overnight cash rate, averaged over the quarter. Nominal official cash rate
https://www.rba.gov.au/publications/rdp/2008/pdf/rdp2008-01.pdf
Liquidity, Financial Crises and the Lender of Last Resort – How Much of a Departure is the Sub-prime Crisis?
22 Oct 2008
Conferences
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148KB
RBA Conference Volume 2008
https://www.rba.gov.au/publications/confs/2008/pdf/davis.pdf