Search: interbank overnight rate
RBA Glossary definition for interbank overnight rate
interbank overnight rate – The interbank overnight rate (also known as the cash rate) is the interest rate which banks pay or charge to borrow funds from or lend funds to other banks on an overnight unsecured basis. The Reserve Bank of Australia uses this rate as an operational target for the implementation of monetary policy. The Reserve Bank of Australia calculates and publishes this rate each day on the basis of data collected directly from banks. The interbank overnight rate has been published by the Reserve Bank of Australia since June 1998.
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Domestic Financial Markets
10 Feb 2012
SMP
– February 2012
Overnight index swap (OIS) rates now indicate an expectation that the Reserve Bank will reduce the cash rate to around 3 per cent later in the year. ... Rates on new fixed-rate mortgages have also fallen since the end of October.
https://www.rba.gov.au/publications/smp/2012/feb/dom-fin-mkts.html
Statement on Monetary Policy - February 2014
13 Mar 2014
SMP
- February 2014
PDF
2951KB
https://www.rba.gov.au/publications/smp/2014/feb/pdf/0214.pdf
International and Foreign Exchange Markets
25 Aug 2014
SMP
- August 2014
PDF
1588KB
https://www.rba.gov.au/publications/smp/2014/aug/pdf/intl-fx-mkts.pdf
Statement of Monetary Policy - August 2017
10 Feb 2020
SMP
PDF
6186KB
https://www.rba.gov.au/publications/smp/2017/aug/pdf/statement-on-monetary-policy-2017-08.pdf
The International Environment
10 Feb 2020
SMP
- May 2018
PDF
3324KB
https://www.rba.gov.au/publications/smp/2018/may/pdf/01-the-international-environment.pdf
International and Foreign Exchange Markets
4 Feb 2016
SMP
– February 2016
As part of this process, it lowered the interest rate applicable on its standing lending facility (the likely upper bound on interbank rates) from November. ... This led to a large reduction in the supply of RMB in this market and the overnight interest
https://www.rba.gov.au/publications/smp/2016/feb/international-and-foreign-exchange-markets.html
Box B: Recent Developments in Foreign Exchange Markets
7 May 2020
SMP
- May 2020
PDF
485KB
https://www.rba.gov.au/publications/smp/2020/may/pdf/box-b-recent-developments-in-foreign-exchange-markets.pdf
Statement on Monetary Policy - May 2017
10 Feb 2020
SMP
- May 2017
PDF
7556KB
https://www.rba.gov.au/publications/smp/2017/may/pdf/statement-on-monetary-policy-2017-05.pdf
Statement on Monetary Policy – February 2012
1 Mar 2012
SMP
– February 2012
PDF
2552KB
https://www.rba.gov.au/publications/smp/2012/feb/pdf/0212.pdf
Statement on Monetary Policy - November 2014
7 Nov 2014
SMP
- November 2014
PDF
2596KB
https://www.rba.gov.au/publications/smp/2014/nov/pdf/1114.pdf