Search Results
12 Apr 2018
Conferences
John Simon
Their main finding is that, while cash rate changes between 2003 and 2012 were fully passed through to the major banks' lending and deposit rates (in aggregate), pass-through since 2012 ... has fallen to around 90 per cent as the major banks' return on
https://www.rba.gov.au/publications/confs/2018/introduction.html
21 Jul 1997
Conferences
Figure 3 shows four-quarter moving averages of the real cash rate both on the RBA method and using contemporaneous quarterly deflation.) One wonders what the monetary policy-makers thought they ... This is one of the reasons why the Bank made such heavy
https://www.rba.gov.au/publications/confs/1997/hughes-disc.html
21 Jun 1990
Conferences
Ross Milbourne
market. prices. open market. operations. cash rate. other interest. rates. exchange rate. ... In this case, the cash rate would have to continue at its new level for some time in order to induce a change in other bank interest rates.
https://www.rba.gov.au/publications/confs/1990/milbourne.html
12 Apr 2018
Conferences
Luke Hartigan and James Morley
Interestingly, recursive estimates of factor loadings for real gross domestic product (GDP) growth, CPI inflation, and the overnight cash rate (OCR) suggest a stabilisation rather than an abrupt change with the ... Δlog(x. t. ). No. Overnight cash rate
https://www.rba.gov.au/publications/confs/2018/hartigan-morley.html
9 Jul 1996
Conferences
Malcolm Edey and Brian Gray
These concerns partly reflected the fact that key lending rates fell less than one-for-one with cash rates during the extended period of cash-rate reductions in the early 1990s, ... Secondly, abstracting from cyclical movements, both deposit and lending
https://www.rba.gov.au/publications/confs/1996/edey-gray.html
21 Jul 1997
Conferences
Frederic S. Mishkin
Like monetary-aggregate and exchange-rate targets, it is readily understood by the public, but, even more directly than the others, it makes clear the commitment to price stability. ... In contrast to the exchange-rate target, but like the
https://www.rba.gov.au/publications/confs/1997/mishkin.html
12 Apr 2018
Conferences
Thomas J Carter, Rhys Mendes and Lawrence L Schembri
This departure left the BoC in need of a target that could replace the exchange rate as a nominal anchor for monetary policy. ... Among its themes were two factors that potentially favoured a target higher than 2 per cent, namely downward nominal wage
https://www.rba.gov.au/publications/confs/2018/carter-mendes-schembri.html
14 Jul 2008
Conferences
Spence Hilton
banks can borrow or lend with the central bank – ensure as best they can that expectations for rates on future days in the maintenance period are around the target rate. ... deficient, which according to the preceding description of rate determination
https://www.rba.gov.au/publications/confs/2008/hilton.html
12 Apr 2018
Conferences
John McDermott and Rebecca Williams
The RBNZ recognised this, and we replaced the MCI with the Official Cash Rate (OCR) as the instrument of monetary policy in March 1999. ... Hunt C (2004), ‘Interpreting Clause 4(b) of the Policy Targets Agreement: Avoiding Unnecessary Instability in
https://www.rba.gov.au/publications/confs/2018/mcdermott-williams.html
21 Jun 1991
Conferences
Stephen Grenville
meant that even with the interest differential between market rates and the SRD rate rising, the implicit tax of SRD holdings did not increase);. ... The proximate operating objective became the cash rate, and the link between this and commercial rates
https://www.rba.gov.au/publications/confs/1991/grenville.html