Search: cash rate explained
RBA Glossary definition for Cash Rate
Cash Rate – The interest rate which banks pay to borrow funds from other banks in the money market on an overnight basis. The cash rate is the Reserve Bank of Australia's operational target for the implementation of monetary policy. It is also an important financial benchmark in the Australian financial markets. It is used as the reference rate for Australian dollar Overnight Indexed Swaps (OIS) and the ASX 30 Day Interbank Cash Rate Futures. The Reserve Bank of Australia is the administrator of the cash rate. The cash rate is calculated as the weighted average interest rate on overnight unsecured loans between banks settled in the Reserve Bank Information and Transfer System (RITS). The Cash Rate is also known by the acronym AONIA in financial markets.
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Submission to the Financial System Inquiry - 6 September 1996 (Published as Occasional Paper No. 14)
25 Jul 2013
Submissions
PDF
604KB
liquid investment accounts offered by funds managers (eg cash management trusts)which are functionally similar to bank deposits. ... Securitisation. 14. The growth of securities markets in Australia has been influential in a numberof financial
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-1996/pdf/financial-system-inquiry-1996.pdf
Explaining Global Market Turmoil: A Fresh Perspective on its Origins and Nature | Conference – 1999
9 Aug 1999
Conferences
These include trade deficits, cumulated current account deficits, inflation differentials, interest rate differentials, safe-haven differentials, non-monetary policy differentials, etc. ... This is because life was very simple during the Bretton Woods
https://www.rba.gov.au/publications/confs/1999/brock.html
The Australian Financial System in the 1990s | Conference – 2000
21 Jun 1990
Conferences
The most compelling example is provided by the market for residential mortgages, where the margin between the standard mortgage rate and the cash rate fell from a historically high 4 percentage ... When interest rates fell in 1990 and 1991, many of the
https://www.rba.gov.au/publications/confs/2000/gizycki-lowe.html
Prudential Supervision | Conference – 1991
21 Jun 1991
Conferences
Too little attention was paid to the sufficiency of cash flows to support repayment. ... Initially, the rate of foreign bank entry would need to be carefully managed.
https://www.rba.gov.au/publications/confs/1991/thompson.html
Strategies for Controlling Inflation | Conference – 1997
21 Jul 1997
Conferences
Given conventional estimates of the interest elasticity of money and the real interest rate when inflation is zero, this cost is quite low for inflation rates less than 10 per cent, ... In contrast, the typical fixed or pegged exchange-rate regime does
https://www.rba.gov.au/publications/confs/1997/mishkin.html
Securitisation and the Commercial Property Cycle | Conference – 2012
20 Aug 2012
Conferences
The 1990 start date occurs after the bust in commercial property prices, when the high rates of completion were due to construction lags. ... Doing so imposes a discipline on management, in the sense that there is relatively little free cash flow
https://www.rba.gov.au/publications/confs/2012/packer-riddiough.html
Funding Flows and Credit in Carry Trade Economies | Conference – 2013
19 Aug 2013
Conferences
Their estimates suggest that between 10 and 30 per cent of the variance of the VIX is explained by shocks to the federal funds rate in the 1990–2007 period. ... cross-border credit), the interest rate spread between the Australian official cash rate
https://www.rba.gov.au/publications/confs/2013/mirandaagrippino-rey.html
The Australian Economic ‘Miracle’: A View from the North | Conference – 2000
24 Jul 2000
Conferences
The cut in the cash rate of a percentage point at the end of July 1997 soon after the Asian Crisis broke and the RBA's acceptance of the subsequent depreciation ... interest rate; and the term structure of nominal interest rates (R.
https://www.rba.gov.au/publications/confs/2000/bean.html
Submission to the Inquiry into Financial Related Crime
2 Jul 2014
Submissions
PDF
203KB
Inquiry into Financial Related Crime
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-into-financial-related-crime-2014-07/pdf/inquiry-into-financial-related-crime-2014-07.pdf
Policy Panel | Conference – 2013
19 Aug 2013
Conferences
This is because the current situation is characterised by very low interest rates and an overabundance of liquidity in the system. ... This in turn may lead to different interest rate curves, depending on the various asset classes and reflecting the
https://www.rba.gov.au/publications/confs/2013/policy-panel-2013.html