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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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31 Dec 2014 RDP 2014-11
Josef Manalo, Dilhan Perera and Daniel Rees
The cash rate responds little to the shock in the first few quarters. ... 1.5. Inflation. 1.0. 3.6. 3.9. 3.3. Cash rate. 0.1. 1.9. 3.8.
https://www.rba.gov.au/publications/rdp/2014/2014-11/results.html
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Methodology

19 Dec 2023 RDP 2023-09
We allow the shock to enter the model directly, similar to Durante et al (2022), rather than using it as an instrument for changes in the cash rate. ... That said, the results are reasonably robust to using the shock as an instrument for cash rate changes
https://www.rba.gov.au/publications/rdp/2023/2023-09/methodology.html

Appendix A: A Small Macroeconomic Model of Australia

31 Dec 2002 RDP 2002-01
Guy Debelle and Jenny Wilkinson
f. is the foreign output gap, measured as deviations of US GDP from a linear trend; r is the real cash rate (the instrument of monetary policy less aggregate inflation); and ... where e is the nominal exchange rate and wp represents world export prices.
https://www.rba.gov.au/publications/rdp/2002/2002-01/appendix-a.html
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Appendix B: A Framework for Analysis

1 Feb 1998 RDP 9803
Gordon de Brouwer and Luci Ellis
where y is non-farm output, y. is OECD output, tot is the terms of trade, rtwi is the real TWI, r is the real cash rate and fy is farm ... where the superscript eqm indicates an equilibrium value. The real exchange rate is:.
https://www.rba.gov.au/publications/rdp/1998/1998-03/appendix-b.html
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Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020

15 May 2024 RDP 2024-03
Chris Becker, Anny Francis, Calebe de Roure and Brendan Wilson
However, demand becomes more elastic and flatter as the repo rate falls, indicating that when the repo rate is below other market rates, participants are increasingly willing to accept more cash. ... This measure of the cash rate has been published by
https://www.rba.gov.au/publications/rdp/2024/2024-03/full.html
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The GFC Investment Tax Break

25 Jun 2018 RDP 2018-07
David Rodgers and Jonathan Hambur
General equilibrium estimates suggest that both GDP growth and the cash rate would have been significantly lower in 2009 without the tax break. ... While our work suggests that tax rates and breaks can affect real decisions for Australian corporates,
https://www.rba.gov.au/publications/rdp/2018/2018-07.html
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The Interbank Overnight Cash Market

14 Feb 2018 RDP 2018-01
Anthony Brassil and Gabriela Nodari
Banks borrow in the IBOC market to ensure they satisfy this requirement (as the cost of overnight borrowing from the RBA is higher than the typical IBOC market rate). ... and borrowing during each trading session of the day, and the average interest rate
https://www.rba.gov.au/publications/rdp/2018/2018-01/the-interbank-overnight-cash-market.html
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Appendix C: Additional Microdata Results

19 Dec 2023 RDP 2023-09
IV approach, full sample. Notes: Monetary policy shock is instrumented via cash rate.
https://www.rba.gov.au/publications/rdp/2023/2023-09/appendix-c.html

Appendix A: Variables Considered in Section 3

31 Dec 2001 RDP 2001-09
Ivan Roberts and John Simon
Variables: Total employed persons and the unemployment rate. Units: '000 (sa), and percentage (sa), respectively. ... Variables: Nominal cash rate, 90-day bank bill rate, housing loan rates, and 10-year bond rate.
https://www.rba.gov.au/publications/rdp/2001/2001-09/appendix-a.html
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Appendix B: Aggregate Data Results

19 Dec 2023 RDP 2023-09
100 basis point monetary policy shock, VAR model. Notes: Small VAR with (log) real trade-weighted index, (log) consumption, (log) non-mining business investment, (log) dwelling investment and cash rate.
https://www.rba.gov.au/publications/rdp/2023/2023-09/appendix-b.html