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 Offshore Renminbi Market and Australia
18 Dec 2014
Bulletin
– December 2014
The Chinese authorities have continued to make progress in internationalising China's currency, the renminbi (RMB). In particular, the use of RMB for cross-border trade and investment transactions has increased noticeably over recent years and the
https://www.rba.gov.au/publications/bulletin/2014/dec/7.html
Semi-Annual Statement on Monetary Policy
10 May 1999
Bulletin
– May 1999
Japan cut its target call rate from 0.25 per cent to 0.15 per cent in February and subsequently guided overnight interbank interest rates to (fractionally above) zero. ... overnight target interest rate to 4.75 per cent at the end of March.
https://www.rba.gov.au/publications/bulletin/1999/may/1.html
On the Economics of Committed Liquidity Facilities | Conference – 2013
19 Aug 2013
Conferences
In both facilities, the up-front fee is lower than the spread between the rate for the central bank's standing lending facility and the target for the overnight rate. ... Moreover, both facilities charge banks the overnight lending facility rate for
https://www.rba.gov.au/publications/confs/2013/bech-keister.html
Topic: Payments
11 Sep 2018
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/payments/
The Unfolding Turmoil of 2007–2008: Lessons and Responses | Conference – 2008
20 Aug 2007
Conferences
Two types of interest rate spreads are especially helpful in tracking events as they have unfolded: the spreads of 3-month London Interbank Offered Rate (LIBOR) over the overnight index swap ... The former is a good indicator of liquidity in interbank
https://www.rba.gov.au/publications/confs/2008/cohen-remolona.html
Statement on Monetary Policy
10 Nov 2001
Bulletin
– November 2001
in rates, bringing the cash rate to 4.5 per cent. ... Current. policy rate Per cent. Korea. 125. 4.00. Taiwan. 250. 2.25.
https://www.rba.gov.au/publications/bulletin/2001/nov/1.html
The Australian Money Market in a Global Crisis
10 Jun 2009
Bulletin
– June 2009
Interest rates in money markets move with expectations of the cash rate (the overnight indexed swap rate, or OIS), but are above that rate by what historically had been a small ... The rate set is calculated as a trimmed mean of the contributed rates.
https://www.rba.gov.au/publications/bulletin/2009/jun/2.html
The Australian Financial System in the 1990s | Conference – 2000
21 Jun 1990
Conferences
Change in rate of return on equity. 5.75. 0.04. Accounted for by change in:. ... When interest rates fell in 1990 and 1991, many of the fixed-rate loans made by these programs were refinanced causing the holders of the bonds to incur significant losses.
https://www.rba.gov.au/publications/confs/2000/gizycki-lowe.html
Domestic Market Operations and Liquidity Forecasting
10 Dec 2010
Bulletin
– December 2010
The cash rate in turn affects the broad spectrum of interest rates in the financial system and, consequently, economic activity and inflation. ... points above the target cash rate, is the rate at which institutions can access the Reserve Bank's standing
https://www.rba.gov.au/publications/bulletin/2010/dec/5.html
Discussion on Recent Developments in Federal Reserve System Liquidity and Reserve Operations | Conference – 2008
14 Jul 2008
Conferences
Essentially, the Fed supplies a level of reserves to achieve the overnight Fed funds target rate, the first step in the transmission of monetary policy. ... reinforce its target overnight rate.
https://www.rba.gov.au/publications/confs/2008/hilton-disc.html