Search: Cash Rate
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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Semi-Annual Statement on Monetary Policy
10 May 1998
Bulletin
– May 1998
At 5.6 per cent, the yield on 10-year US bonds is barely above the US cash rate – i.e. ... This is because arbitrage by market participants works to ensure that three-month interest rates reflect the expected average cash rate over that period.
https://www.rba.gov.au/publications/bulletin/1998/may/2.html
January | 2024
25 Jan 2024
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2024/jan/
Statement on Monetary Policy
10 Nov 2001
Bulletin
– November 2001
in rates, bringing the cash rate to 4.5 per cent. ... The RBNZ reduced the official cash rate by 50 basis points in September, bringing the cumulative easing since March 2001 to 125 basis points.
https://www.rba.gov.au/publications/bulletin/2001/nov/1.html
June | 2023
15 Jun 2023
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2023/jun/
Statement on Monetary Policy
10 May 2002
Bulletin
– May 2002
Maintaining the cash rate at such a low level risked amplifying inflationary risks and fuelling other imbalances that could jeopardise a continuation of the current economic expansion. ... The decision to raise the cash rate by 25 basis points was aimed
https://www.rba.gov.au/publications/bulletin/2002/may/1.html
Statement on Monetary Policy
10 Feb 2002
Bulletin
– February 2002
This easing continued in December, when the cash rate was reduced to its lowest level in almost 30 years, bringing the cumulative reduction in the cash rate to 200 basis points. ... The RBNZ reduced the official cash rate by a further 50 basis points in
https://www.rba.gov.au/publications/bulletin/2002/feb/1.html
Bank Interest Rate Margins
10 May 1992
Bulletin
– May 1992
the difference between the business indicator lending rate and the overnight cash rate; and. ... Graph 1A. the gap between business indicator and overnight cash rates has widened from about 2 percentage points in 1988 to about 4 percentage points (Graph
https://www.rba.gov.au/publications/bulletin/1992/may/1.html
Banks' Funding Costs and Lending Rates
10 Mar 2012
Bulletin
– March 2012
Accordingly, interest rates on business and housing variable-rate loans tended to adjust in line with the cash rate. ... some increase in these rates relative to the cash rate since mid 2011.
https://www.rba.gov.au/publications/bulletin/2012/mar/5.html
Bank Funding and the Recent Tightening of Monetary Policy
18 Apr 2024
Bulletin
– April 2024
Banks’ funding costs have risen substantially since early 2022, driven by increases in the cash rate.
https://www.rba.gov.au/publications/bulletin/2024/apr/bank-funding-and-the-recent-tightening-of-monetary-policy.html
The Growing Demand for Cash
15 Sep 2017
Bulletin
– September 2017
While survey data indicate that the share of Australian consumers' payments made with cash continues to fall, the number (and value) of banknotes in circulation continues to grow at around its trend pace of 6 per cent per year. This article
https://www.rba.gov.au/publications/bulletin/2017/sep/8.html