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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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
The Australian Financial System in the 2000s: Dodging the Bullet | Conference – 2011
24 Jul 2000
Conferences
As Figure 2 also demonstrates, longer-term rates did not respond to the hikes in the cash rate, while Figure 3 illustrates how risk premia in business and corporate funding rates ... Thereafter, however, the spread remained relatively stable (at 180
https://www.rba.gov.au/publications/confs/2011/davis.html
Inflation Targeting and Japan: Why has the Bank of Japan not Adopted Inflation Targeting? | Conference – 2004
9 Aug 2004
Conferences
The target interbank rate was lowered immediately to 0.15 per cent, and would be reduced to zero, as conditions warranted. ... However, by targeting an amount beyond required reserves (about 4 trillion yen), it effectively meant that the interbank rate
https://www.rba.gov.au/publications/confs/2004/ito.html
Setting Monetary Policy in East Asia: Goals, Developments and Institutions | Conference – 2001
24 Jul 2001
Conferences
Elsewhere, in the face of fairly mild headwinds, at least by the recent standards of east Asia, the Federal Reserve pushed interbank rates down to zero in real terms. ... One answer is openness. With greater openness the exchange rate's effect on prices
https://www.rba.gov.au/publications/confs/2001/mccauley.html
Operations in Financial Markets
25 Sep 2017
RBA Annual Report
– 2017
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 a significant financial benchmark referenced in overnight
https://www.rba.gov.au/publications/annual-reports/rba/2017/operations-in-financial-markets.html
Central Bank Liquidity Provision and Core Funding Markets | Conference – 2013
19 Aug 2013
Conferences
In either case, this liquidity shortage manifests itself through upward pressure in the overnight interest rate, with generally little risk that the dislocation spreads to other markets. ... The growing dislocation in these funding markets was evidenced
https://www.rba.gov.au/publications/confs/2013/johnson-santor.html
Operations in Financial Markets
20 Sep 2018
RBA Annual Report
– 2018
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/2018/operations-in-financial-markets.html
Operations in Financial Markets
12 Sep 2014
RBA Annual Report
– 2014
To assess whether the target has been achieved, the Reserve Bank collects data from ES account holders on their unsecured borrowing and lending in the overnight interbank market. ... Prior to this change, the Bank had still been capturing around 85 per
https://www.rba.gov.au/publications/annual-reports/rba/2014/ops-fin-mkts.html
Operations in Financial Markets
4 Sep 2008
RBA Annual Report
– 2008
The Reserve Bank Board implements monetary policy by setting a target for the cash rate – the interest rate on overnight unsecured loans in the interbank market. ... This rate affects interest rates in other wholesale and retail markets, which in turn
https://www.rba.gov.au/publications/annual-reports/rba/2008/balance-sheet.html
Operations in Financial Markets
16 Oct 2015
RBA Annual Report
– 2015
To assess whether the target has been achieved, each day the Reserve Bank collects data from Exchange Settlement (ES) account holders on their unsecured borrowing and lending in the overnight interbank ... to advance funds overnight against eligible
https://www.rba.gov.au/publications/annual-reports/rba/2015/operations-in-financial-markets.html