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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Read me file for Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
2 Jan 2023
RDP
PDF
417KB
RDP 2022-09 supplementary information
https://www.rba.gov.au/publications/rdp/2022/2022-09/rdp-2022-09-read-me.pdf
Start Spreading the News: News Sentiment and Economic Activity in Australia
21 Dec 2020
RDP
PDF
1524KB
policy. This news indicator predicts changes in the cash rate even after accounting for other. ... important determinants of the cash rate, such as the RBA’s forecasts for the economy.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-08.pdf
Exchange Rate Movements and the Australian Economy
4 Feb 2015
RDP
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1416KB
returning to trend in subsequent quarters.10 The cash rate responds little to the shock in the first few quarters. ... v) The exchange rate is ordered before the cash rate in the identification scheme.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-11.pdf
A Model of the Australian Housing Market
5 Mar 2019
RDP
PDF
1639KB
r is the average real expected. variable mortgage rate, which Fox and Tulip estimated using 10-year fixed mortgage rates. ... government bond yield, cash is the cash rate, inflation is 10-year inflation compensation derived from indexed bonds.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-01.pdf
Identifying Interbank Loans from Payments Data
6 Dec 2016
RDP
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3267KB
Figure 2: Implied Interest Rates of Algorithm Matches. Implied rate of simple interest, deviation from target cash rate, 2015. ... cash rate), so there should be very few false positives (some studies exhibit high rates of false.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-11.pdf
OPEN MARKET OPERATIONS IN AUSTRALIA: A U.S. PERSPECTIVE Michael ...
17 Oct 2014
RDP
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817KB
operations is to maintain cash rates at levels consistent with the objectives. ... Bank uses the cash rate as its operating instrument it does not peg the.
https://www.rba.gov.au/publications/rdp/1987/pdf/rdp8702.pdf
Is the Phillips Curve Still a Curve? Evidence from the Regions
29 Aug 2021
RDP
PDF
1706KB
cent, and steepens further when the unemployment rate falls below 4 per cent. ... cash rate will not be raised until inflation is sustainably within the 2 to 3 per cent target range.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-09.pdf
Non-technical summary for 'Monetary Policy, Equity Markets and the Information Effect'
20 Apr 2021
RDP
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395KB
RDP 2021-04 non-technical summary
https://www.rba.gov.au/publications/rdp/2021/2021-04/rdp-2021-04-non-technical-summary.pdf
Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
9 Sep 2020
RDP
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1619KB
use of digital payment credentials. Despite the trend towards electronic payments, cash still. ... predominantly low-value payments). Consumers in all broad demographic groups are using cash.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-06.pdf
Cost-benefit Analysis of Leaning against the Wind
5 Jul 2019
RDP
PDF
1512KB
5 This VAR includes gross national expenditure, GDP, inflation, the cash rate, interest rate differentials, real business. ... The analysis underpinning Figure 3 estimated that a higher cash rate reduces the probability of being.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-05.pdf