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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Discussion on Inflation Targeting and Japan: Why has the Bank of Japan not Adopted Inflation Targeting? | Conference – 2004
9 Aug 2004
Conferences
My remarks concern the main thesis, monetary and fiscal policy at a zero overnight interest rate, and abstaining from inflation targeting. ... In effect, when the Bank of Japan set the overnight rate at zero, it gave the Ministry a printing press.
https://www.rba.gov.au/publications/confs/2004/ito-disc.html
Discussion on Promoting Liquidity: Why and How? | Conference – 2008
14 Jul 2008
Conferences
The main concern of Jonathan and Philip's paper is with frictions in the interbank market. ... Understanding the nature of collateral in the interbank market could well prove crucial to system stability design.
https://www.rba.gov.au/publications/confs/2008/kearns-lowe-disc.html
The Australian Economic ‘Miracle’: A View from the North | Conference – 2000
24 Jul 2000
Conferences
That invites the alternative hypothesis that perhaps the natural rate itself has risen. ... interest rate; and the term structure of nominal interest rates (R.
https://www.rba.gov.au/publications/confs/2000/bean.html
Introduction | Conference – 2008
14 Jul 2008
Conferences
By August, problems in credit markets had become widespread and spreads in interbank markets had increased significantly. ... The authors argue that the origins of the turmoil are manifold, with low interest rates and the global ‘savings glut’, a
https://www.rba.gov.au/publications/confs/2008/intro-2008.html
Property Prices and Bank Risk-taking | Conference – 2012
20 Aug 2012
Conferences
Thus, rising prices helped interest rates remain low along the entire mortgage production chain. ... States) in the short run if banks are overexposed to interest rate risk.
https://www.rba.gov.au/publications/confs/2012/dellariccia.html
The Case for Inflation Targeting in East Asian Countries | Conference – 2001
24 Jul 2001
Conferences
Once the inflationary pressure had dissipated, interest rates could be lowered again and the exchange rate allowed to depreciate. ... In both Chile and Israel, the exchange rate had served a useful role as a nominal anchor in stabilising from high rates
https://www.rba.gov.au/publications/confs/2001/debelle.html
Discussion | Conference – 2016
18 Mar 2016
Conferences
The participant also argued that the introduction of deposit insurance, licensing of private banks, and opening of interbank markets had been very positive reforms and were significant for financial development. ... The participant suggested that
https://www.rba.gov.au/publications/confs/2016/naughton-discussion.html
Banking Concentration, Financial Stability and Public Policy | Conference – 2007
20 Aug 2007
Conferences
This potential response is taken into account by banks in setting their loan rates. ... Interest-rate, exchange-rate and asset-price adjustments will be induced (through reactions of the affected bank and others), but in principle the interbank market
https://www.rba.gov.au/publications/confs/2007/davis.html
A Factor Model Analysis of the Effects of Inflation Targeting on the Australian Economy | Conference – 2018
12 Apr 2018
Conferences
Interestingly, recursive estimates of factor loadings for real gross domestic product (GDP) growth, CPI inflation, and the overnight cash rate (OCR) suggest a stabilisation rather than an abrupt change with the ... Δlog(x. t. ). No. Overnight cash rate
https://www.rba.gov.au/publications/confs/2018/hartigan-morley.html
Discussion | Conference – 1990
21 Jun 1990
Conferences
But the growth rate of velocity is simply the difference between the growth rates of nominal income and the money base. ... Third, the long-term expected inflation rate is based on rational expectations for future inflation rates.
https://www.rba.gov.au/publications/confs/1990/milbourne-disc.html