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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Table 5 in Finance and Welfare States in Globalising Markets | Conference – 2007
20 Aug 2007
Conferences
Table 5: Housing Loans. Interest margin Spread to cash rate,. basis points.
https://www.rba.gov.au/publications/confs/2007/ryan-thompson-table-5.html
Introduction | Conference – 2012
20 Aug 2012
Conferences
Prior to two cash rate rises over November and December 2003, the Bank was engaged in an extensive dialogue with the public on the dangers of an overheating housing market for ... helped ease the burden of interest rate repayments in the recent crisis
https://www.rba.gov.au/publications/confs/2012/intro-2012.html
Change and Constancy in the Financial System: Implications for Financial Distress and Policy | Conference – 2007
20 Aug 2007
Conferences
It permitted, for instance, the separation of the exchange rate and interest rate risks in a traditional loan or security through derivative instruments, such as exchange rate and interest rate swaps.
https://www.rba.gov.au/publications/confs/2007/borio.html
Australia's Prosperous 2000s: Housing and the Mining Boom | Conference – 2011
24 Jul 2000
Conferences
The cash rate reached 7.25 per cent in early 2008, its highest level in over a decade. ... Not surprisingly, there was a long upswing in the cash rate running from 2002 to 2008, with monetary policy becoming restrictive in 2006 (Figure 11).
https://www.rba.gov.au/publications/confs/2011/kearns-lowe.html
A Rebalancing Chinese Economy: Challenges and International Implications | Conference – 2016
18 Mar 2016
Conferences
To some extent, de facto interest rate deregulation since the late 2000s via rapid issuance of wealth management products with market-based interest rates may have offset the effect of regulated ... In the absence of reliable information about
https://www.rba.gov.au/publications/confs/2016/ma-roberts-kelly.html
The Rise in US Household Indebtedness: Causes and Consequences | Conference – 2007
20 Aug 2007
Conferences
Thus, the average interest rate on household debt responds gradually to shifts in market rates. ... Sub-prime delinquency rates fell to multi-year lows in mid 2005 amid a robust housing market but then began to rise, particularly those for variable-rate
https://www.rba.gov.au/publications/confs/2007/dynan-kohn.html
Discussion | Conference – 2018
12 Apr 2018
Conferences
The paper recursively estimates loadings of real gross domestic product (GDP), CPI inflation, and the overnight cash rate (OCR) on the factors, and finds that they stabilise over time rather than ... In an ideal world, central banks should be moving
https://www.rba.gov.au/publications/confs/2018/hartigan-morley-disc.html
Regulatory Policy Issues in Australia | Conference – 1996
9 Jul 1996
Conferences
The main example would be cash management trusts (introduced in 1981); another is some Approved Deposit Funds which have certain characteristics similar to term deposits. ... Banking system insolvency is caused by a banking panic, an event in which bank
https://www.rba.gov.au/publications/confs/1996/thompson.html
Setting Monetary Policy in East Asia: Goals, Developments and Institutions | Conference – 2001
24 Jul 2001
Conferences
One answer is openness. With greater openness the exchange rate's effect on prices and activity increases in relation to that of interest rates. ... The adoption of the official cash rate regime has been associated with a small dampening of interest-rate
https://www.rba.gov.au/publications/confs/2001/mccauley.html
Discussion | Conference – 2018
12 Apr 2018
Conferences
My guess is that it's quite hard to get far below zero nominal rates: even if you got rid of cash, the financial markets would develop alternative deposits which would ... The tentative experience so far suggests that negative interest rates mainly work
https://www.rba.gov.au/publications/confs/2018/mckibbin-panton-disc.html