Search: interbank overnight rate

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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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The Australian Repo Market | Central Clearing of Repos in Australia: A Consultation Paper | Consultations

6 Mar 2015 Consultations
as to keep the cash rate as close as possible to the target set by the Reserve Bank Board. ... The overnight repo rate on securities obtained through the facility is set 300 basis points below the cash rate or at 25 basis points, whichever is the greater.
https://www.rba.gov.au/publications/consultations/201503-central-clearing-of-repos-in-australia/australian-repo-market.html

Submission to Payments System Review – January 2021 | Responses and Options Paper

8 May 2024 Submissions
how it sets interest rates and uses other monetary policy tools to achieve those goals.
https://www.rba.gov.au/publications/submissions/payments-system/submission-to-payments-system-review-01-2021/index.html

Proposed Clearing Regime Design and Application | Central Clearing of OTC Derivatives in Australia June 2011 | Consultations

7 Jun 2011 Consultations
This reflects the following considerations:. this market is fundamental to domestic funding markets and the hedging of interest rate risk among Australian borrowers and lenders, and therefore the stability and efficiency ... the dominant products, such
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/proposed-clearing-regime-design.html

Executive Summary | Central Clearing of OTC Derivatives in Australia June 2011 | Consultations

7 Jun 2011 Consultations
An analysis of available data on Australian OTC derivatives markets suggests that the products most actively traded by domestic market participants are interest rate and foreign exchange derivatives, and that it ... The Council agencies consider that the
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/executive-summary.html

Submission on Data Sharing and Release Legislation – August 2018 | Data Sharing | Submissions

1 Aug 2018 Submissions
This could apply to the Bank's dealing with individual counterparties in financial markets, including the Open Market Operations used to keep the Bank's policy interest rate at the target ... Similar concerns would relate to data resulting from the
https://www.rba.gov.au/publications/submissions/other/data-sharing-and-release-legislation/

OTC Derivatives Markets in Australia | Central Clearing of OTC Derivatives in Australia June 2011 | Consultations

7 Jun 2011 Consultations
Within each class of interest rate derivatives, shorter term instruments (such as overnight indexed swaps and forward rate agreements) are less used by non-financial counterparties, with these instruments mainly used ... b) Includes FX swaps, forwards
https://www.rba.gov.au/publications/consultations/201106-otc-derivatives/otc-derivatives-markets-australia.html

Innovation Gaps in the Australian Payments System | Strategic Review of Innovation in the Payments System: Issues for Consultation June…

7 Jun 2011 Consultations
Payments information is batched into files, which are exchanged between banks during the day and processed through their systems overnight. ... How could these innovations be achieved? Would multiple same-day interbank settlements be sufficient to
https://www.rba.gov.au/publications/consultations/201106-strategic-review-innovation/issues/innovation-gaps.html

The Role of the Financial Sector | Submission to the Financial System Inquiry – March 2014 | Financial Sector | Submissions

1 Mar 2014 Submissions
Indeed, the central bank can also play an important role. In the Australian context, the Reserve Bank is the supplier of funds that can be lent or borrowed in the overnight ... market. From day to day, the Reserve Bank's goal is to manage supply to meet
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/role-of-financial-sector.html

Handout and Supplementary Information Prepared for Standing Committee on Economics – September 2016 | Bank Fees and Margins | Submissions

22 Sep 2016 Submissions
Handout and Supplementary Information Prepared for Standing Committee on Economics – September 2016
https://www.rba.gov.au/publications/submissions/financial-sector/handout-standing-committee-on-economics-2016-09-22/

The Reserve Bank's Response | Report to the Inquiry into Competition in the Banking and Non-Banking Sectors – May 2009 | Financial Sector | …

7 May 2009 Submissions
The operational target for monetary policy in Australia is the cash rate – the overnight interest rate paid on unsecured loans between banks. ... The target for the cash rate is established at the monthly meetings of the Reserve Bank Board.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-report-2009-05/reserve-bank-response.html