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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Forecast table – August 2023
4 Aug 2023
SMP
3.0. 3.3. 3.1. Unemployment rate (quarterly, %). 3.6. 3.9. 4.2. 4.4. ... 3.1. 2.8. (a) Forecasts finalised 2 August. The forecasts are conditioned on a path for the cash rate broadly in line with expectations derived from surveys of professional
https://www.rba.gov.au/publications/smp/2023/aug/forecasts.html
Economic Outlook
5 May 2023
SMP
– May 2023
Economic Outlook | Statement on Monetary Policy – May 2023
https://www.rba.gov.au/publications/smp/2023/may/economic-outlook.html
Domestic Financial Conditions
6 Aug 2021
SMP
– August 2021
These measures include the reductions in the cash rate, the use of forward guidance, the yield target, the bond purchase program and the Term Funding Facility (TFF). ... Graph 3.7. Short-term money market rates remain at historically low levels given the
https://www.rba.gov.au/publications/smp/2021/aug/domestic-financial-conditions.html
Is Monetary Policy Less Effective When Interest Rates Are Persistently Low? | Conference – 2017
16 Mar 2017
Conferences
This is because banks are reluctant to reduce deposit rates below zero, even when the policy rate crosses that barrier. ... In more general settings, interest rates may also affect consumption by influencing income or cash flows and through wealth effects
https://www.rba.gov.au/publications/confs/2017/borio-hofmann.html
Economic Outlook
10 Feb 2023
SMP
– February 2023
1). (n/a). (a) Forecasts finalised 8 February. The forecasts are conditioned on a path for the cash rate broadly in line with expectations derived from surveys of professional economists and ... The path for the cash rate reflects expectations derived
https://www.rba.gov.au/publications/smp/2023/feb/economic-outlook.html
Twenty-five Years of Inflation Targeting in Australia | Conference – 2018
12 Apr 2018
Conferences
But inflation was still at its post-recession lows of 2 per cent when the RBA increased the cash rate by 275 basis points in three moves over the second half ... The fact that inflation was still high as these events unfolded did not constrain the
https://www.rba.gov.au/publications/confs/2018/debelle.html
Economic Outlook
4 Aug 2023
SMP
– August 2023
Economic Outlook | Statement on Monetary Policy – August 2023
https://www.rba.gov.au/publications/smp/2023/aug/economic-outlook.html
The Cost of Inflation in Australia | Conference – 1992
10 Jul 1992
Conferences
In addition, because housing loan interest costs are not deductible, and because nominal housing loan rates might rise in excess of the rate inflation due to the tax-adjusted Fisher effect ... Suppose borrowers and lenders face different marginal tax
https://www.rba.gov.au/publications/confs/1992/mctaggart.html
Forecast table – November 2023
10 Nov 2023
SMP
3.1. 3.2. 3.0. Unemployment rate (quarterly, %). 3.6. 3.8. 4.0. 4.2. ... 3.3. 2.9. (a) Forecasts finalised on 7 November. The forecasts are conditioned on a path for the cash rate broadly in line with expectations derived from surveys of professional
https://www.rba.gov.au/publications/smp/2023/nov/forecasts.html
Overview
10 Nov 2023
SMP
– November 2023
Overview | Statement on Monetary Policy – November 2023
https://www.rba.gov.au/publications/smp/2023/nov/overview.html