Search: cash rate explained
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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Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-Credit Cards as Payment Instruments
8 May 2024
Submissions
Typically, the relatively low ‘strategic’ interchange rates for large merchants have precedence over the interchange category for the type of card, so that the same relatively low rate for strategic merchants ... those not benefiting from strategic
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/credit-cards-as-payment-instruments.html
List of tables | Submission to the Financial System Inquiry March 2014 | Financial Sector | Submissions
1 Mar 2014
Submissions
LCH.Clearnet Ltd. Clearing of OTC interest rate derivatives. $15 billion notional value. ... Sources: APCA; BPAY; RBA. Table 8.2: Selected Non-cash Payments By Country.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/tables.html
Submission to the Inquiry into Access of Small Business to Finance – March 2010 | Financial Sector | Submissions
24 Mar 2010
Submissions
From the late 1990s until 2007, banks’ adjusted their small business indicator rates mainly in response to changes in the cash rate. ... As the financial crisis unfolded and banks’ funding costs increased, all lending rates have risen relative to the
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-access-of-small-business-to-finance-2010/
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates
14 Aug 2015
Submissions
PDF
905KB
Advertised rates on standard and lower-rate cards have been quite sticky in recent years,. ... preferential rates) was more than 50 basis points higher than the interchange rate applying to.
https://www.rba.gov.au/publications/submissions/financial-sector/pdf/inquiry-matters-relating-to-credit-card-interest-rates-2015-08.pdf
Competition in the Financial System - September 2017
19 Sep 2017
Submissions
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969KB
Submission to the Productivity Commission Inquiry
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/pdf/submission-to-productivity-commission-september-2017.pdf
Senate Economics References Committee Inquiry into Competition within the Australian Banking Sector
6 Dec 2010
Submissions
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261KB
Inquiry into Competition within the Australian Banking Sector
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-competition-within-australian-banking-sector-2010/pdf/inquiry-competition-within-australian-banking-sector-2010.pdf
Appendix 1: Changes to Bank Regulations | Submission to the Inquiry into the Australian Banking Industry – January 1991 | Financial Sector…
1 Jan 1991
Submissions
1970. March. Savings bank deposit rates could be varied subject to the maximum rate set by the Reserve Bank. ... Trading banks were given increased freedom to negotiate interest rates on deposits greater than $50,000, subject to a maximum rate, for terms
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-australian-banking-industry/appendix-1.html
Evolution of the Banking System | Submission to the Inquiry into the Australian Banking Industry – January 1991 | Financial Sector |…
1 Jan 1991
Submissions
interest rate ceilings on deposits and loans (including zero interest on normal cheque accounts);. ... rates. Rates on Certificates of Deposit and bank bills, for example, reached 25 per cent in June 1974 and 23 per cent in April 1982 – higher than
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-australian-banking-industry/evolution-of-the-banking-system.html
HANDOUT PREPARED FOR STANDING COMMITTEE ON ECONOMICS 22 SEPTEMBER 2016
21 Sep 2016
Submissions
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386KB
The spread between banks’ mortgage rates and the cash rate declined significantly in the 1990s, but moved higher by nearly two percentage points following the global financial crisis (GFC). ... Reserve Bank of Australia 3. Average interest
https://www.rba.gov.au/publications/submissions/financial-sector/handout-standing-committee-on-economics-2016-09-22/pdf/handout-standing-committee-on-economics-2016-09-22.pdf
Lending Rates | Submission to the Inquiry into Competition within the Australian Banking Sector – November 2010 | Financial Sector |…
30 Nov 2010
Submissions
Banks' interest rates on all of their loan products have risen relative to the cash rate since mid 2007 (Graph 17). ... 2007. The above changes have resulted in an increase in the spread between lending rates and the cash rate.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-competition-within-australian-banking-sector-2010/lending.html