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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Statement on Monetary Policy
10 Feb 2002
Bulletin
– February 2002
This easing continued in December, when the cash rate was reduced to its lowest level in almost 30 years, bringing the cumulative reduction in the cash rate to 200 basis points. ... The RBNZ reduced the official cash rate by a further 50 basis points in
https://www.rba.gov.au/publications/bulletin/2002/feb/1.html
Implications for the Reserve Bank's Liquidity Management Operations of Changes in Commonwealth Government Cash Flows
10 Aug 2000
Bulletin
– August 2000
Download 88. KB. The Reserve Bank implements monetary policy by undertaking operations in the money market to maintain the cash rate – the interest rate at which financial institutions borrow and lend ... These flows, however, are entirely manageable.
https://www.rba.gov.au/publications/bulletin/2000/aug/3.html
Abstract for The Effects of Funding Costs and Risk on Banks' Lending Rates
10 Mar 2011
Bulletin
– March 2011
Bulletin – March 2011 The Effects of Funding Costs and Risk on Banks' Lending Rates Abstract. ... In addition to the increase in the cost of debt funding, there have been other drivers of the rise in lending rates relative to the cash rate.
https://www.rba.gov.au/publications/bulletin/2011/mar/bu-0311-6a.html
Statement on Monetary Policy
10 May 2002
Bulletin
– May 2002
Maintaining the cash rate at such a low level risked amplifying inflationary risks and fuelling other imbalances that could jeopardise a continuation of the current economic expansion. ... The decision to raise the cash rate by 25 basis points was aimed
https://www.rba.gov.au/publications/bulletin/2002/may/1.html
June | 2023
15 Jun 2023
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2023/jun/
Bank Funding and the Recent Tightening of Monetary Policy
18 Apr 2024
Bulletin
– April 2024
Banks’ funding costs have risen substantially since early 2022, driven by increases in the cash rate.
https://www.rba.gov.au/publications/bulletin/2024/apr/bank-funding-and-the-recent-tightening-of-monetary-policy.html
January | 2024
25 Jan 2024
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2024/jan/
Statement on Monetary Policy
10 Feb 2004
Bulletin
– February 2004
In Australia, the announcement in early December of the second increase in the cash rate target came as little surprise to financial markets, which had already priced in such a move. ... Given all these considerations, as explained in the November
https://www.rba.gov.au/publications/bulletin/2004/feb/1.html
The Growing Demand for Cash
15 Sep 2017
Bulletin
– September 2017
While survey data indicate that the share of Australian consumers' payments made with cash continues to fall, the number (and value) of banknotes in circulation continues to grow at around its trend pace of 6 per cent per year. This article
https://www.rba.gov.au/publications/bulletin/2017/sep/8.html
Statement on Monetary Policy
10 Aug 2003
Bulletin
– August 2003
event, subsequent developments tended to weaken that case further, so that the cash rate was again held unchanged at the July and August meetings. ... The Board's assessment at the time of its June meeting was that the balance of risks had shifted to a
https://www.rba.gov.au/publications/bulletin/2003/aug/1.html