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
Risk Management
12 Sep 2014
RBA Annual Report
– 2014
Interest paid on these deposits reflects domestic short-term interest rates, effectively hedging part of the interest rate exposure of the domestic asset portfolio. ... This involves the Bank receiving and sending collateral to cover exposures on foreign
https://www.rba.gov.au/publications/annual-reports/rba/2014/risk-mgmt.html
International and Foreign Exchange Markets
10 May 2014
SMP
– May 2014
The decline in the ECB's balance sheet has seen excess liquidity fall to around 100 billon, which has pushed the overnight interbank rate towards the main policy rate, after trading ... Pricing of interest rate swaps imply that market participants expect
https://www.rba.gov.au/publications/smp/2014/may/intl-fx-mkts.html
Performance of Australia's Payments Infrastructure during the Market Turbulence
2 Oct 2009
PSB Annual Report
– 2009
Some large adjustments were implemented, including sharp increases in margin rates for the major interest rate contracts traded on the Sydney Futures Exchange (SFE). ... With some banks finding it difficult to locate a willing lender, the end-of-day
https://www.rba.gov.au/publications/annual-reports/psb/2009/performance.html
Operations in Financial Markets
16 Oct 2013
RBA Annual Report
– 2013
During 2012/13, the overnight repo facility was accessed only twice. These arrangements create the incentive for account holders to recycle their settlement balances in the interbank market. ... activity. Since March, all banks that operate ES accounts
https://www.rba.gov.au/publications/annual-reports/rba/2013/ops-fin-mkts.html
International and Foreign Exchange Markets
15 Feb 2017
SMP
– February 2017
In China, the level and volatility of interbank interest rates has remained elevated in recent months. ... In China, the rise in yields partly reflects stronger Chinese economic activity and inflation data, and higher short-term interbank interest rates.
https://www.rba.gov.au/publications/smp/2017/feb/international-and-foreign-exchange-markets.html
Annual Performance Statement for 2019/20
12 Apr 2020
RBA Annual Report
– 2020
Financial Market operations. Achieve cash rate target. Overnight cash rate consistent with the target each business day. ... These measures resulted in higher system liquidity and, as expected, led to the cash rate, which reflects overnight interbank
https://www.rba.gov.au/publications/annual-reports/rba/2020/annual-performance-statement.html
Domestic Financial Markets
10 Nov 2013
SMP
– November 2013
Rates on overnight indexed swaps (OIS) currently imply that the cash rate is likely to remain at 2.50 per cent over the next year (Graph 4.1). ... This reduced advertised rates on package variable-rate home loans to below the average advertised rate
https://www.rba.gov.au/publications/smp/2013/nov/dom-fin-mkts.html
Domestic Financial Markets
10 May 2013
SMP
– May 2013
Rates on overnight indexed swaps (OIS) currently imply an expectation of a reduction in the cash rate target to 2.5 per cent in the second half of the year ... While RMBS issuance spreads have declined, the interest rate on the mortgages in the
https://www.rba.gov.au/publications/smp/2013/may/dom-fin-mkts.html
Domestic Financial Markets
10 Nov 2011
SMP
– November 2011
The average rate on major banks' new term deposit ‘specials’ fell by around 40 basis points over the past quarter, reflecting the decline in market benchmark rates (Graph 4.6). ... Most banks have announced reductions in their indicator rates on
https://www.rba.gov.au/publications/smp/2011/nov/dom-fin-mkts.html
Accountability and Communication
25 Sep 2017
RBA Annual Report
– 2017
the labour market; the interbank overnight cash market; productivity; and consumption. ... The Bank's annual conference for 2017 was held in March and focused on monetary policy and financial stability in a world of low interest rates.
https://www.rba.gov.au/publications/annual-reports/rba/2017/accountability-and-communication.html