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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Business Services
21 Aug 2002
RBA Annual Report
– 2002
In addition to RTGS payments, RITS settles two batches of netted interbank payments each day. ... This rate remains very low by international standards. Much of the increase was attributable to counterfeiting of the $50 note.
https://www.rba.gov.au/publications/annual-reports/rba/2002/bus-serv.html
Operations in Financial Markets
30 Jun 1998
RBA Annual Report
– 1998
This is a repurchase facility for overnight funds at a rate 25 basis points above the cash rate target, and otherwise granted on the same conditions as repos undertaken in the ... calculated. For this reason, late in June the Reserve Bank began
https://www.rba.gov.au/publications/annual-reports/rba/1998/oper-fin-mkts.html
Surveillance of the Financial System
30 Jun 1998
RBA Annual Report
– 1998
The new capital requirement for market risk rendered superfluous the limits which the Reserve Bank had previously imposed on banks' overnight foreign currency positions. ... Overnight. 5. Banks calculate net obligations and notify RBA. 5. Beneficiary's
https://www.rba.gov.au/publications/annual-reports/rba/1998/surveillance.html
Operations in Financial Markets
3 Aug 1999
RBA Annual Report
– 1999
In Australia, as in most developed countries, the stance of monetary policy is expressed in terms of an operating target for the cash rate – the interest rate on overnight interbank loans ... day, albeit at an above-market cost of overnight funds (the
https://www.rba.gov.au/publications/annual-reports/rba/1999/oper-fin-mkts.html
Operations in Financial Markets
2 Sep 2003
RBA Annual Report
– 2003
The stance of monetary policy in Australia is expressed in terms of an operating target for the cash rate – the interest rate paid by banks on unsecured overnight loans. ... However, interest rates on gold loans fell sharply over 2002/03. The average
https://www.rba.gov.au/publications/annual-reports/rba/2003/oper-fin-mkts.html
Reserve Bank Earnings and Operations | Reserve Bank of Australia Annual Report - 1996
31 Dec 1996
Annual Report
The other component of profits is determined by movements in interest and exchange rates, and fluctuates widely. ... Exchange rate gains and losses are realised when official reserve assets are sold.
https://www.rba.gov.au/publications/annual-reports/rba/1996/reserve-bank-earning.html
Surveillance of the Financial System | Reserve Bank of Australia Annual Report - 1996
31 Dec 1996
Annual Report
The bulk of derivatives products continues to be basic interest rate and foreign exchange instruments, rather than equities and commodities derivatives. ... interbank settlement finalised at the same time as the ownership of securities changes hands.
https://www.rba.gov.au/publications/annual-reports/rba/1996/surveillance-fin-system.html
Operations in Financial Markets
3 Aug 2000
RBA Annual Report
– 2000
Monetary policy changes are announced in terms of a target for the cash rate – the interest rate on overnight interbank loans in the money market – and domestic money market operations are ... Moreover, to do so would reduce the long-run average
https://www.rba.gov.au/publications/annual-reports/rba/2000/oper-fin-mkts.html
Trends in Payments, Clearing and Settlement Systems
20 Sep 2018
PSB Annual Report
– 2018
RITS also facilitates the interbank settlement of the payment leg of securities transactions. ... The products which account for the majority of outstanding AUD positions are interest rate swaps and overnight index swaps.
https://www.rba.gov.au/publications/annual-reports/psb/2018/trends-in-payments-clearing-and-settlement-systems.html
Note 2 Consolidated Operating Earnings (and Net Profits) | Financial Statements
9 Mar 2023
RBA Annual Report
– 1989
23,023. 16,635. Overnight settlement interest received. 33,762. 12,496. Reimbursement by Commonwealth for loan management and registry expenses. ... 456,244. 5,814. Overnight settlement interest paid. 11,913. Staff costs:. 84,936. Salaries and wages.
https://www.rba.gov.au/publications/annual-reports/rba/1989/fin-statements/note-2.html