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RBA Glossary definition for Cash Rate

Cash Rate – The interest rate which banks pay to borrow funds from other banks in the money market on an overnight basis. The cash rate is the Reserve Bank of Australia's operational target for the implementation of monetary policy. It is also an important financial benchmark in the Australian financial markets. It is used as the reference rate for Australian dollar Overnight Indexed Swaps (OIS) and the ASX 30 Day Interbank Cash Rate Futures. The Reserve Bank of Australia is the administrator of the cash rate. The cash rate is calculated as the weighted average interest rate on overnight unsecured loans between banks settled in the Reserve Bank Information and Transfer System (RITS). The Cash Rate is also known by the acronym AONIA in financial markets.

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Governor's Foreword

28 Jul 2004 RBA Annual Report – 2004
The rate at which interest rates have been increased in Australia has thus been quite gradual by earlier standards. ... The development of monetary policy during the year has been thoroughly explained in the quarterly.
https://www.rba.gov.au/publications/annual-reports/rba/2004/gov-foreword.html

Financial Markets | Reserve Bank of Australia Annual Report - 1993

30 Jun 1993 Annual Report
The relationship between cash rates and security yields, however, fluctuated during the year in line with expectations about monetary policy. ... By August, however, the weakness in the exchange rate had dispelled expectations of further easings;
https://www.rba.gov.au/publications/annual-reports/rba/1993/fin-markets.html

Economic and Financial Developments in 1981/82 | Reserve Bank of Australia Annual Report - 1982

30 Jun 1981 Annual Report
The rises in maximum rates on loans subject to interest rate ceilings are detailed in the Calendar of Official Actions. ... up against volatile deposits obtained at relatively high rates of interest in competition with cash management trusts.
https://www.rba.gov.au/publications/annual-reports/rba/1982/eco-fin-developments.html

Operations in Financial Markets

28 Jul 2004 RBA Annual Report – 2004
The cash rate is an important determinant of other wholesale and retail interest rates which, in turn, influence the level of economic activity and inflation. ... Arrangements for implementing monetary policy have proved very effective over the years,
https://www.rba.gov.au/publications/annual-reports/rba/2004/oper-fin-mkts.html

Operations in Financial Markets

2 Sep 2003 RBA Annual Report – 2003
The RBA operates in financial markets to maintain the actual cash rate as close as possible to the Board's target. ... During 2002/03, the Board kept the target cash rate constant, at 4.75 per cent.
https://www.rba.gov.au/publications/annual-reports/rba/2003/oper-fin-mkts.html

The Economy and the Bank's Policies | Reserve Bank of Australia Annual Report - 1984

30 Jun 1984 Annual Report
As explained earlier, after the exchange rate was floated the Bank funded the Commonwealth's further foreign exchange requirements in 1983/84 from accumulated foreign currency reserves. ... It will, however, be necessary to be conscious of signals coming
https://www.rba.gov.au/publications/annual-reports/rba/1984/eco-bank-pol.html

The Economy and Monetary Policy | Reserve Bank of Australia Annual Report - 1994

30 Jun 1994 Annual Report
The cash rate – the key policy interest rate – was reduced by half of one percentage point in July 1993. ... The unusually long period of falling interest rates, and the large size of the total reduction in cash rates – some 13 percentage points
https://www.rba.gov.au/publications/annual-reports/rba/1994/economy-monetary.html

Retail Payments Regulation and Policy Issues

15 Oct 2020 PSB Annual Report – 2020
decade. This trend can be largely explained by Australians opting for newer and more convenient electronic payment methods over cash. ... aware of how the ‘retail’ exchange rate they are being quoted compares the.
https://www.rba.gov.au/publications/annual-reports/psb/2020/retail-payments-regulation-and-policy-issues.html

The Economy and Monetary Policy | Reserve Bank of Australia Annual Report - 1996

31 Dec 1996 Annual Report
Monetary policy settings were held steady during 1995/96 after the three pre-emptive tightenings between August and December 1994, which saw cash rates increased by 2 percentage points to ... adjustments in policy are announced publicly in terms of
https://www.rba.gov.au/publications/annual-reports/rba/1996/economy-monetary.html

Trends in Payments, Clearing and Settlement Systems

15 Oct 2020 PSB Annual Report – 2020
Table 2: Non-cash Payments. 2019/20. Average annual growth. 2009/10 to 2019/20. ... Larger merchants are more likely to benefit from favourable interchange rates from card schemes.
https://www.rba.gov.au/publications/annual-reports/psb/2020/trends-in-payments-clearing-and-settlement-systems.html