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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.

Search Results

The Main Questions

1 Dec 1988 RDP 8812
Ian Macfarlane
0.41. 0.89. 0.46. 90-day bill rates. 2.21. 2.06. 1.04. Official cash rate. ... At the other extreme, if there is zero capital mobility, foreign interest rates have no impact on the domestic rate.
https://www.rba.gov.au/publications/rdp/1988/8812/main-questions.html

The Transmission of Monetary Policy

1 Dec 1988 RDP 8812
Ian Macfarlane
rate. Once a change in monetary policy is decided on, open market operations are directed to moving short-term interest rates higher or lower. ... In a world of capital mobility and floating exchange rates, a change in domestic financial conditions will,
https://www.rba.gov.au/publications/rdp/1988/8812/transmission-of-monetary-policy.html

Structural Background

1 Dec 1988 RDP 8812
Ian Macfarlane
RDP 8812: International Interest Rate Linkages and Monetary Policy: The Case of Australia 2. ... over the past decade or so, there have also been a number of moves to deregulate financial intermediaries' interest rates.
https://www.rba.gov.au/publications/rdp/1988/8812/structural-background.html