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
Semi-Annual Statement on Monetary Policy
10 May 1999
Bulletin
– May 1999
Japan cut its target call rate from 0.25 per cent to 0.15 per cent in February and subsequently guided overnight interbank interest rates to (fractionally above) zero. ... overnight target interest rate to 4.75 per cent at the end of March.
https://www.rba.gov.au/publications/bulletin/1999/may/1.html
The Australian Money Market in a Global Crisis
10 Jun 2009
Bulletin
– June 2009
Interest rates in money markets move with expectations of the cash rate (the overnight indexed swap rate, or OIS), but are above that rate by what historically had been a small ... The rate set is calculated as a trimmed mean of the contributed rates.
https://www.rba.gov.au/publications/bulletin/2009/jun/2.html
Abbreviations
17 Oct 2019
PSB Annual Report
– 2019
IoT. Internet of things. IRD. Interest rate derivatives. LCH Ltd. LCH Limited. ... OG. Oversight Group. OIS. Overnight index swaps. OTC. Over-the-counter. PEXA. Property Exchange Australia Limited.
https://www.rba.gov.au/publications/annual-reports/psb/2019/abbreviations.html
4. Financial Market Infrastructures
21 Oct 2021
PSB Annual Report
– 2021
Regulators globally have determined that the London interbank offered rate (LIBOR) benchmark cannot be relied on beyond 2021 given its notable deficiencies. ... Markets need to transition to more robust and reliable market-determined interest rate
https://www.rba.gov.au/publications/annual-reports/psb/2021/financial-market-infrastructures.html
Domestic Market Operations and Liquidity Forecasting
10 Dec 2010
Bulletin
– December 2010
The cash rate in turn affects the broad spectrum of interest rates in the financial system and, consequently, economic activity and inflation. ... points above the target cash rate, is the rate at which institutions can access the Reserve Bank's standing
https://www.rba.gov.au/publications/bulletin/2010/dec/5.html
Operations in Financial Markets
17 Oct 2019
RBA Annual Report
– 2019
The Reserve Bank Board's operational target for monetary policy is the cash rate – the rate at which banks borrow and lend to each other on an overnight, unsecured basis. ... The cash rate is also a significant financial benchmark referenced in
https://www.rba.gov.au/publications/annual-reports/rba/2019/operations-in-financial-markets.html
Statement on Monetary Policy
10 Nov 2001
Bulletin
– November 2001
in rates, bringing the cash rate to 4.5 per cent. ... Current. policy rate Per cent. Korea. 125. 4.00. Taiwan. 250. 2.25.
https://www.rba.gov.au/publications/bulletin/2001/nov/1.html
Developments in the Australian Repo Market
15 Sep 2016
Bulletin
– September 2016
The market for repurchase agreements (repos) – where cash is borrowed and lent using securities as collateral – plays an important role in the implementation of monetary policy and as a source of finance for the bond market. The Reserve Bank has
https://www.rba.gov.au/publications/bulletin/2016/sep/5.html
Recent Developments in the Cash Market
15 Jun 2023
Bulletin
– June 2023
Following the implementation of unconventional monetary policy measures during the COVID-19 pandemic, liquidity in the banking system rose significantly.
https://www.rba.gov.au/publications/bulletin/2023/jun/recent-developments-in-the-cash-market.html
Semi-Annual Statement on Monetary Policy
10 Nov 1998
Bulletin
– November 1998
A similar pattern of short-term interest rates was evident in late August and early September as the exchange rate again fell heavily. ... The Bank of Japan's overnight rate was further reduced in September to 0.25 per cent.
https://www.rba.gov.au/publications/bulletin/1998/nov/1.html