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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Box E: Yields on Sovereign Debt
10 May 2012
SMP
– May 2012
Within the Australian market, bank bill swap reference rates (BBSW) are generally used to determine floating rate payments. ... Table E1 shows yields on a range of sovereign debt, as well as spreads on sovereign debt when swapped against 6-month
https://www.rba.gov.au/publications/smp/2012/may/box-e.html
Operations in Financial Markets
21 Oct 2021
RBA Annual Report
– 2021
The Reserve Bank is the administrator of the cash rate, which is a significant financial benchmark referenced in overnight indexed swaps and the ASX's 30-day interbank cash rate futures ... the interest rate relevant to unsecured overnight funds for cash
https://www.rba.gov.au/publications/annual-reports/rba/2021/operations-in-financial-markets.html
June | 2019
20 Jun 2019
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2019/jun/
Regulatory Developments
20 Oct 2018
FSR
– October 2018
Risk-free rates are typically based on overnight interbank markets where there are large volumes of transactions by many participants. ... One of these, the secured overnight financing rate (SOFR), was recommended by the Alternative Reference Rates
https://www.rba.gov.au/publications/fsr/2018/oct/regulatory-developments.html
Domestic Financial Conditions
4 Feb 2021
SMP
– February 2021
The rates on 3-month bank bills (BBSW) have edged lower to be around 1 basis point, slightly below the overnight indexed swap (OIS) rate. ... Basis points. Table 3.1: Average Outstanding Housing Rates. December 2020. Variable-rate loans. –
https://www.rba.gov.au/publications/smp/2021/feb/domestic-financial-conditions.html
Financial System Liquidity, Asset Prices and Monetary Policy | Conference – 2005
11 Jul 2005
Conferences
Although a central bank generally directly controls only the overnight interest rate, its communication policy serves to guide the market's expectations into doing its bidding. ... The orthodox view of monetary policy is that, although the central bank
https://www.rba.gov.au/publications/confs/2005/shin.html
Fallbacks for BBSW Securities
16 Jun 2022
Bulletin
– June 2022
The bank bill swap rate (BBSW) is an important short-term benchmark interest rate for Australian financial markets across various maturities.
https://www.rba.gov.au/publications/bulletin/2022/jun/fallbacks-for-bbsw-securities.html
Financial Markets, Institutions and Liquidity | Conference – 2013
19 Aug 2013
Conferences
institutions with higher profitability, higher capital ratios, and fewer problem loans pay lower rates. ... Furthermore, the size and relative importance of the trading institution has a negative impact on the interest rate charged for overnight borrowing
https://www.rba.gov.au/publications/confs/2013/allen-carletti.html
Abbreviations
28 Sep 2022
PSB Annual Report
– 2022
IBOR. Interbank offered rate. ISO. International Organization for Standardization. IOSCO. International Organisation of Securities Commissions. ... LCR. Least-cost routing. LIBOR. London interbank offered rate. MOG. Multilateral Oversight Group for
https://www.rba.gov.au/publications/annual-reports/psb/2022/abbreviations.html
The Australian High-Value Payments System
10 Mar 2004
FSR
– March 2004
RITS is the hub of the Australian payments system, through which interbank payments are settled (Figure 1). ... Interbank lending and borrowing are generally settled as cash transfers between banks in this way.
https://www.rba.gov.au/publications/fsr/2004/mar/aus-high-val-pay-sys.html