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oversight focus?
RBA Glossary definition for overnight loans
overnight loans – Loans, which are recallable, repayable or renegotiable the next day, usually by 11.00 am.
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Appendix A: Chronology of Major Events in the Asian Crisis
31 Dec 2001
RDP
2001-03
Overnight interest rates rise from 7% to around 250%. S&P downgrades Korea and Thailand's sovereign ratings. ... Loan is part of US$4.5 billion pledged by the World Bank last year.
https://www.rba.gov.au/publications/rdp/2001/2001-03/appendix-a.html