Search: cash rate explained
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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Competition in Banking | Submission to the Inquiry into the Australian Banking Industry – January 1991 | Financial Sector | Submissions
1 Jan 1991
Submissions
Interest rates have fluctuated within wide limits (cash rates, for example, have ranged between 10 and 18 per cent since 1983) but in terms of day-to-day movements in interest ... the removal of interest rate controls and competition among banks for
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-australian-banking-industry/competition-in-banking.html
What are Interest Margins? | International Comparisons of Bank Margins – August 1994 | Bank Fees and Margins | Submissions
1 Aug 1994
Submissions
Sometimes a representative loan rate and a representative deposit rate are compared, such as the gap between the business indicator lending rate and the overnight cash rate, or the gap between ... A similar approach is to compare a particular lending
https://www.rba.gov.au/publications/submissions/financial-sector/international-comparisons-of-bank-margins/what-are-interest-margins.html
Submission to the Inquiry into Access of Small Business to Finance – March 2010 | Financial Sector | Submissions
24 Mar 2010
Submissions
From the late 1990s until 2007, banks’ adjusted their small business indicator rates mainly in response to changes in the cash rate. ... As the financial crisis unfolded and banks’ funding costs increased, all lending rates have risen relative to the
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-access-of-small-business-to-finance-2010/
Innovation and Technological Change in Financial Intermediation and the Payments System | Supplementary Submission to the Financial System…
13 Jan 1997
Submissions
Direct credits to accounts have already largely replaced cash payrolls and pay cheques. ... stores, but these accounted for a very small proportion of non-cash payments.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-supplement-1997/innovation-and-technological-change-in-financial-intermediation.html
Appendix 1: Changes to Bank Regulations | Submission to the Inquiry into the Australian Banking Industry – January 1991 | Financial Sector…
1 Jan 1991
Submissions
1970. March. Savings bank deposit rates could be varied subject to the maximum rate set by the Reserve Bank. ... Trading banks were given increased freedom to negotiate interest rates on deposits greater than $50,000, subject to a maximum rate, for terms
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-australian-banking-industry/appendix-1.html
Home Ownership Rates | Submission to the Inquiry into Home Ownership June 2015 | Housing and Housing Finance | Submissions
1 Jun 2015
Submissions
The privatisation of former public housing has also played a role in raising home ownership rates in some eastern European countries (Clapham et al 1996); a similar policy shift also explained ... where much higher home ownership rates prevailed in the
https://www.rba.gov.au/publications/submissions/housing-and-housing-finance/inquiry-into-home-ownership/home-ownership-rates.html
Conclusion | Report to the Inquiry into Competition in the Banking and Non-Banking Sectors – May 2009 | Financial Sector | Submissions
7 May 2009
Submissions
Download 96. KB. The primary purpose of the Reserve Bank's open market operations is to ensure that the cash rate remains at, or close to, the target set by the ... This, in turn, would entail a higher risk of instability of the cash rate.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-report-2009-05/conclusion.html
Housing Finance | Submission to the inquiry into Competition in the Banking and Non-Banking Sectors – July 2008 | Financial Sector |…
10 Jul 2008
Submissions
Since the mid 1990s it has become common practice for banks to move their indicator rates in line with the Reserve Bank's cash rate. ... Similarly, money-market interest rates have tended to move broadly in line with the cash rate.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-competition-in-banking-and-non-banking-sector/housing-finance.html
Feasibility of Further Expansion | Report to the Inquiry into Competition in the Banking and Non-Banking Sectors – May 2009 | Financial…
7 May 2009
Submissions
ultimately compromise the Bank's ability to manage liquidity in the overnight cash market and thereby compromise the stability of the cash rate. ... With funds maturing less often, fewer funds are available for the primary purpose of short-term liquidity
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-report-2009-05/feasibility-of-further-expansion.html
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-The Credit Card Market
8 May 2024
Submissions
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates. ... Fees: including annual fees, over-limit fees, cash-advance fees, foreign currency conversion fees and late payment fees.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/the-credit-card-market.html