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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The Reserve Bank's Open Market Operations
10 Jun 2003
Bulletin
– June 2003
The cash rate is determined in the interbank market for unsecured overnight loans. ... The Reserve Bank conducts a daily survey of the interest rates paid in the interbank cash market.
https://www.rba.gov.au/publications/bulletin/2003/jun/1.html
Semi-Annual Statement on Monetary Policy
10 Nov 1997
Bulletin
– November 1997
The Bank of England has gradually raised the interbank rate to its current level of 7 per cent to resist inflationary pressures flowing from the tight labour market and strong demand. ... Households appear to have lifted their saving rate a little over
https://www.rba.gov.au/publications/bulletin/1997/nov/2.html
Liquidity, Financial Crises and the Lender of Last Resort – How Much of a Departure is the Sub-prime Crisis? | Conference – 2008
14 Jul 2008
Conferences
These combined features led to the emergence of historically large interest rate premia – and quantity-rationing of funds – in the domestic interbank markets in the United States, the United Kingdom and ... Extreme tightness of the interbank market
https://www.rba.gov.au/publications/confs/2008/davis.html
The Economics of Shadow Banking | Conference – 2013
19 Aug 2013
Conferences
This has resulted in market segmentation and creates a wedge in money market rates because overnight rates for depository institutions cannot trade below the floor of the corridor, while the rates ... Thus the effective federal funds rate, which is
https://www.rba.gov.au/publications/confs/2013/singh.html
2019
8 Feb 2019
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2019/
Introduction | Conference – 2013
19 Aug 2013
Conferences
In particular, they note four facts: higher excess reserves drive overnight interbank rates towards the bottom of the interest rate corridor, reduce volatility and reduce market volume. ... Also, higher credit risk for an institution raises the overnight
https://www.rba.gov.au/publications/confs/2013/intro-2013.html
June | 2019
20 Jun 2019
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2019/jun/
Financial System Liquidity, Asset Prices and Monetary Policy | Conference – 2005
11 Jul 2005
Conferences
Although a central bank generally directly controls only the overnight interest rate, its communication policy serves to guide the market's expectations into doing its bidding. ... The orthodox view of monetary policy is that, although the central bank
https://www.rba.gov.au/publications/confs/2005/shin.html
Fallbacks for BBSW Securities
16 Jun 2022
Bulletin
– June 2022
The bank bill swap rate (BBSW) is an important short-term benchmark interest rate for Australian financial markets across various maturities.
https://www.rba.gov.au/publications/bulletin/2022/jun/fallbacks-for-bbsw-securities.html
Financial Markets, Institutions and Liquidity | Conference – 2013
19 Aug 2013
Conferences
institutions with higher profitability, higher capital ratios, and fewer problem loans pay lower rates. ... Furthermore, the size and relative importance of the trading institution has a negative impact on the interest rate charged for overnight borrowing
https://www.rba.gov.au/publications/confs/2013/allen-carletti.html