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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The Global Financial Environment
10 Sep 2011
FSR
– September 2011
In money markets, the spread between 3-month interbank lending rates (Euribor) and expected overnight rates has risen by more than 45 basis points since the start of August, to the ... Real interest rates in some fast-growing Asian economies have
https://www.rba.gov.au/publications/fsr/2011/sep/global-fin-env.html
Developments in the Financial System Architecture
20 Oct 2017
FSR
– October 2017
In particular, over recent years regulators have been working with benchmark administrators and market participants to strengthen the key interbank offered rates, including the bank bill swap rate (BBSW) in Australia. ... And in September, the European
https://www.rba.gov.au/publications/fsr/2017/oct/dev-fin-sys-arch.html
Developments in the Financial System Infrastructure
10 Mar 2008
FSR
– March 2008
In addition, there is a safety valve through which institutions experiencing temporary technical settlement problems can obtain overnight funding at 25 basis points above the cash rate target. ... In assessing their ability to meet a name crisis, the
https://www.rba.gov.au/publications/fsr/2008/mar/dev-sys-infra.html
Regulatory Developments
10 Apr 2018
FSR
– April 2018
The FSB, in an October progress report, noted that administrators of interbank offered rates (IBORs) are making progress on implementing recommended reforms. ... LIBOR). In April, the Federal Reserve Bank of New York began publishing three reference rates
https://www.rba.gov.au/publications/fsr/2018/apr/regulatory-developments.html
The Global Financial Environment
4 Oct 2019
FSR
– October 2019
Also, since the new rates are (near) risk free and often overnight rather than for longer terms, they are not perfect substitutes for the existing LIBOR. ... a decline in corporate lending rates, which could weigh on banks' interest margins, is expected
https://www.rba.gov.au/publications/fsr/2019/oct/global-financial-environment.html
Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020
15 May 2024
RDP
2024-03
This measure is also known as the interbank overnight cash rate. ... Interest rate corridor – The interest rates on the overnight lending and deposit facilities provide a ceiling and a floor respectively for the overnight market interest rate.
https://www.rba.gov.au/publications/rdp/2024/2024-03/full.html
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The Australian Money Market
1 May 1987
RDP
8702
If interbank settlement were on a same day basis, the Reserve Bank would have difficulty forecasting banks' needs for cash and this could lead to larger swings in overnight interest rates. ... Since dealers can always acquire same day funds by borrowing
https://www.rba.gov.au/publications/rdp/1987/8702/the-australian-money-market.html
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The Australian Financial System
10 Mar 2011
FSR
– March 2011
Over the past six months, interest rates in the domestic money market have risen broadly in line with the policy rate. ... Spreads on three-month bank bills to the three-month overnight indexed swap (OIS) rate have traded within a range of 10 to 30 basis
https://www.rba.gov.au/publications/fsr/2011/mar/aus-fin-sys.html
The Australian Financial System
10 Mar 2009
FSR
– March 2009
In the domestic money market, the spread between the yield on three-month bank bills and the overnight index swap rate for the same maturity reached a peak of around 90 ... Overall, the rate of fails on equities settlements in Australia remains very low,
https://www.rba.gov.au/publications/fsr/2009/mar/aus-fin-sys.html
List of tables
10 Sep 2008
FSR
– September 2008
16 Mar 08. – Primary Dealer Credit Facility established to provide overnight loans to primary dealers, secured against a broad range of collateral. – ... Spread between the primary credit rate and the target federal funds rate lowered from 50 basis
https://www.rba.gov.au/publications/fsr/2008/sep/tables.html