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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Statement on Monetary Policy
10 Nov 2000
Bulletin
– November 2000
Since the US Federal Reserve's last move in May, the European Central Bank has increased overnight rates by a further 100 basis points, to 4.75 per cent, taking the ... The Bank of Japan (BoJ) raised overnight interest rates in August as concerns about
https://www.rba.gov.au/publications/bulletin/2000/nov/1.html
Statement on Monetary Policy
10 May 2004
Bulletin
– May 2004
The normalisation of interest rates by the Fed is therefore expected to result in a narrowing of the interest rate differential between the two countries, especially at the short end. ... Following the two increases in the cash rate at the end of 2003,
https://www.rba.gov.au/publications/bulletin/2004/may/1.html
The Repo Market in Australia
10 Dec 2010
Bulletin
– December 2010
This is evident in both the rates on overnight repos contracted among market participants and in the approaches made to the Reserve Bank in its market operations (Graph 1). ... In this way, the party who has not received the security is effectively
https://www.rba.gov.au/publications/bulletin/2010/dec/4.html
Developments in Banks' Funding Costs and Lending Rates
16 Mar 2017
Bulletin
– March 2017
This article updates previous Reserve Bank research on the ways in which developments in the composition and pricing of banks' debt funding have affected their overall cost of funds and influenced lending rates. Major banks' outstanding funding
https://www.rba.gov.au/publications/bulletin/2017/mar/5.html
March | 2022
17 Mar 2022
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2022/mar/
Statement on Monetary Policy
10 Nov 2002
Bulletin
– November 2002
Graph 6. In the US, the Federal Open Market Committee (FOMC) kept the policy rate unchanged at 1.75 per cent from December 2001 to November 2002, when it cut rates ... Graph 7. Table 3: Policy Interest Rate Changes. Basis points. Current level Per cent.
https://www.rba.gov.au/publications/bulletin/2002/nov/1.html
June | 2017
15 Jun 2017
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2017/jun/
Internationalising the Renminbi
10 Jun 2012
Bulletin
– June 2012
This has been supported in recent months by the quoting of interbank interest rates by eight major banks in Hong Kong. ... less pure prediction of market expectations of changes in the onshore exchange rate.
https://www.rba.gov.au/publications/bulletin/2012/jun/9.html
The Effects of Funding Costs and Risk on Banks' Lending Rates
10 Mar 2011
Bulletin
– March 2011
driver of the increase in banks' lending rates relative to the cash rate in recent years. ... Prior to mid 2007, bank bill rates closely tracked the market's expectation for the cash rate with the spread between 3-month bank bills and overnight indexed
https://www.rba.gov.au/publications/bulletin/2011/mar/6.html
Macroprudential Policy Frameworks and Tools
15 Dec 2016
Bulletin
– December 2016
Over the past decade, policymakers have increasingly used macroprudential tools to address a range of financial stability concerns. International institutions have identified and offered guidance on the components of an effective macroprudential
https://www.rba.gov.au/publications/bulletin/2016/dec/8.html