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.
Search Results
2.3 Banking and Payment Services
19 Oct 2023
RBA Annual Report
– October 2023
Banking and Payment Services | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/banking-and-payment-services.html
The Domestic Market for Short-term Debt Securities
10 Sep 2011
Bulletin
– September 2011
As noted above, that function is performed by interbank rates (namely, BBSW), as it is in most overseas markets. ... In the Australian market, overnight indexed swaps (OIS) are swaps referenced to the cash rate – the rate on unsecured loans in the
https://www.rba.gov.au/publications/bulletin/2011/sep/5.html
Operations in Financial Markets
27 Oct 2022
RBA Annual Report
– October 2022
Accordingly, in March 2022 the hurdle rate was changed to be based on term-matched overnight indexed swap rates plus a spread. ... The Reserve Bank is the administrator of the cash rate, which is a significant financial benchmark referenced in overnight
https://www.rba.gov.au/publications/annual-reports/rba/2022/operations-in-financial-markets.html
The Introduction of Same-day Settlement of Direct Entry Obligations in Australia
19 Jun 2014
Bulletin
– June 2014
In November 2013, the Reserve Bank introduced changes to its Reserve Bank Information and Transfer System (RITS) to allow the same-day settlement of non-government direct entry obligations. This outcome met one of the objectives set by the Payments
https://www.rba.gov.au/publications/bulletin/2014/jun/7.html
Real-time Gross Settlement in Australia
10 Sep 2010
Bulletin
– September 2010
The overall level of ESA balances is ultimately determined by the Reserve Bank's open market operations, aimed at maintaining the overnight cash rate at its target. ... During the Morning Settlement Session, only RITS and interbank Austraclear payments
https://www.rba.gov.au/publications/bulletin/2010/sep/8.html
Operations in Financial Markets
12 Apr 2020
RBA Annual Report
– 2020
The cash rate is the interest rate on unsecured overnight loans between banks. ... Sources: RBA. 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
https://www.rba.gov.au/publications/annual-reports/rba/2020/operations-in-financial-markets.html
The Reserve Bank's Open Market Operations
10 Jun 2003
Bulletin
– June 2003
The cash rate is determined in the interbank market for unsecured overnight loans. ... The Reserve Bank conducts a daily survey of the interest rates paid in the interbank cash market.
https://www.rba.gov.au/publications/bulletin/2003/jun/1.html
Semi-Annual Statement on Monetary Policy
10 Nov 1997
Bulletin
– November 1997
The Bank of England has gradually raised the interbank rate to its current level of 7 per cent to resist inflationary pressures flowing from the tight labour market and strong demand. ... Households appear to have lifted their saving rate a little over
https://www.rba.gov.au/publications/bulletin/1997/nov/2.html
2019
8 Feb 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/
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