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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Property Prices and Bank Risk-taking
10 Dec 2012
Conferences
PDF
995KB
RBA Conference Volume 2012
https://www.rba.gov.au/publications/confs/2012/pdf/dellariccia.pdf
News and Interest Rate Expectations: A Study of Six Central Banks | Conference – 2004
9 Aug 2004
Conferences
We measure these using changes in daily implied interest rates from 90-day interest rate futures, Δf. ... cash rate increase of 10 basis points (Figure 1).
https://www.rba.gov.au/publications/confs/2004/connolly-kohler.html
Property Markets and Financial Stability
10 Dec 2012
Conferences
PDF
9437KB
RBA Conference Volume 2012
https://www.rba.gov.au/publications/confs/2012/pdf/conf-vol-2012.pdf
Securitisation and the Commercial Property Cycle
10 Dec 2012
Conferences
PDF
1300KB
RBA Conference Volume 2012
https://www.rba.gov.au/publications/confs/2012/pdf/packer-riddiough.pdf
Discussion | Conference – 2018
12 Apr 2018
Conferences
My guess is that it's quite hard to get far below zero nominal rates: even if you got rid of cash, the financial markets would develop alternative deposits which would ... The tentative experience so far suggests that negative interest rates mainly work
https://www.rba.gov.au/publications/confs/2018/mckibbin-panton-disc.html
A Rebalancing Chinese Economy: Challenges and International Implications | Conference – 2016
18 Mar 2016
Conferences
Modigliani and Cao (2004) argue that the observed household saving rate can be explained by a life-cycle model featuring dissaving in early life, positive saving in working years and dissaving ... To some extent, de facto interest rate deregulation since
https://www.rba.gov.au/publications/confs/2016/ma-roberts-kelly.html
Discussion on The Evolution of Monetary Policy: From Money Targets to Inflation Targets | Conference – 1997
21 Jul 1997
Conferences
This is one of the reasons why the Bank made such heavy weather of admitting its cash-rate decisions in the later 1980s. ... changes in interest rates explained in terms of creating an environment in which the economy can grow as quickly as is possible
https://www.rba.gov.au/publications/confs/1997/hughes-disc.html
The Determinants of Long-Run Growth | Conference – 1995
10 Jul 1995
Conferences
Much of the difference between Asian and European growth rates can also be explained as the consequence of being at different stages of development. ... Much of the variation in growth rates in Asia and the OECD can be explained by the simple model of
https://www.rba.gov.au/publications/confs/1995/dowrick.html
Taming the Real Estate Beast: The Effects of Monetary and Macroprudential Policies on Housing Prices and Credit
10 Dec 2012
Conferences
PDF
896KB
RBA Conference Volume 2012
https://www.rba.gov.au/publications/confs/2012/pdf/kuttner-shim.pdf
Australia's Prosperous 2000s: Housing and the Mining Boom | Conference – 2011
24 Jul 2000
Conferences
The cash rate reached 7.25 per cent in early 2008, its highest level in over a decade. ... Not surprisingly, there was a long upswing in the cash rate running from 2002 to 2008, with monetary policy becoming restrictive in 2006 (Figure 11).
https://www.rba.gov.au/publications/confs/2011/kearns-lowe.html