Search: Cash Rate
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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Recent Developments in Federal Reserve System Liquidity and Reserve Operations | Conference – 2008
14 Jul 2008
Conferences
A bank earns income credits on balances held to satisfy these obligations, at a rate linked to short-term market rates. ... rate, in a competitive market expected future rates should align with the policy objective.
https://www.rba.gov.au/publications/confs/2008/hilton.html
A Factor Model Analysis of the Effects of Inflation Targeting on the Australian Economy | Conference – 2018
12 Apr 2018
Conferences
Interestingly, recursive estimates of factor loadings for real gross domestic product (GDP) growth, CPI inflation, and the overnight cash rate (OCR) suggest a stabilisation rather than an abrupt change with the ... Δlog(x. t. ). No. Overnight cash rate
https://www.rba.gov.au/publications/confs/2018/hartigan-morley.html
The Relationship Between Financial Indicators and Economic Activity: 1968–1987 | Conference – 1989
31 Dec 1968
Conferences
The other very important short-term interest rate for financial intermediaries is the rate on call and overnight funds (the “cash rate”). ... Data on the cash rate and the rate on certificates of deposit are also obtained from the Reserve Bank
https://www.rba.gov.au/publications/confs/1989/bullock-morris-stevens.html
The Australian Economic 'Miracle': A View from the North
24 Nov 2006
Conferences
PDF
124KB
RBA Conference Volume 2000
https://www.rba.gov.au/publications/confs/2000/pdf/bean.pdf
Expectations and the Neutrality of Interest Rates
27 Nov 2023
Conferences
PDF
477KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-cochrane.pdf
The Welfare Effects of Alternative Choices of Instruments and Targets for Macroeconomic Stabilisation Policy | Conference – 1997
21 Jul 1997
Conferences
A policy that stabilises some measure of the inflation rate but destabilises real interest rates must reduce welfare. ... If real interest rates are constant, variations in the inflation rate translate directly into variations in the nominal interest rate
https://www.rba.gov.au/publications/confs/1997/quiggin.html
The Evolving Structure of the Australian Financial System
7 Dec 2006
Conferences
PDF
118KB
RBA Conference Volume 1996
https://www.rba.gov.au/publications/confs/1996/pdf/edey-gray.pdf
The Australian Financial System in the 2000s: Dodging the Bullet | Conference – 2011
24 Jul 2000
Conferences
As Figure 2 also demonstrates, longer-term rates did not respond to the hikes in the cash rate, while Figure 3 illustrates how risk premia in business and corporate funding rates ... Thereafter, however, the spread remained relatively stable (at 180
https://www.rba.gov.au/publications/confs/2011/davis.html
Introduction | Conference – 2018
12 Apr 2018
Conferences
Their main finding is that, while cash rate changes between 2003 and 2012 were fully passed through to the major banks' lending and deposit rates (in aggregate), pass-through since 2012 ... has fallen to around 90 per cent as the major banks' return on
https://www.rba.gov.au/publications/confs/2018/introduction.html
Monetary Policy Frameworks Away from the ELB
20 Dec 2023
Conferences
PDF
4375KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-de-fiore-mojon-rees-sandri.pdf