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 Lags of Monetary Policy
1 Apr 1997
RDP
9702
To begin at the beginning, however, the first source of monetary policy lags is the delay in pass-through of changes in the overnight cash rate to other interest rates. ... The headline measure is more widely reported but is directly affected by changes
https://www.rba.gov.au/publications/rdp/1997/9702/lags-monetary.html
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Stylised Facts about Uncertainty
14 Mar 2016
RDP
2016-01
Figure 10: ‘Monetary Policy Surprises’ and Economic Uncertainty. Notes: See note to Figure 5; ‘monetary policy surprises’ are measured by the absolute difference between the overnight indexed swap-implied cash rate ... at market close the day
https://www.rba.gov.au/publications/rdp/2016/2016-01/stylised-facts-about-uncertainty.html
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Appendix 1: Data
1 Dec 1993
RDP
9314
5206.0. Definition: Quarter-on-quarter growth rate of the implicit price deflator for the activity variables defined above. ... The interest rate series contains a break in the March quarter 1990, reflecting the shift to the payment of more
https://www.rba.gov.au/publications/rdp/1993/9314/appendix-1.html
Appendix A: Data Description and Sources
31 Dec 2010
RDP
2010-05
is the average of the overnight call rate (Thomson Reuters). Money: The average of the reserve requirement rate change adjusted and seasonally adjusted money base series (CEIC). ... is the effective federal funds rate (Board of Governors of the Federal
https://www.rba.gov.au/publications/rdp/2010/2010-05/appendix-a.html
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Appendix 1: Data
1 May 1992
RDP
9204
The overnight cash rate (that is the “Authorised dealers: weighted average rate”) and the 90 and 180 day bill rates are from Table F.1. ... In the inflation change regressions, the three end-month interest rates are averaged for the quarter while, in
https://www.rba.gov.au/publications/rdp/1992/9204/appendix-1.html
The Provision of Systemic Liquidity Services by the Public Sector
27 Oct 2008
RDP
2008-06
A basic function of a central bank is to manage the supply of settlement balances or reserves to ensure that the relevant interest rate (typically, an overnight money market rate) is ... In Australia, the interest rate paid is 25 basis points below the
https://www.rba.gov.au/publications/rdp/2008/2008-06/pro-systemic.html
Introduction
31 Dec 2001
RDP
2001-06
This paper compares the relative contributions of interbank variation and the variation through time to the overall variability in Australian banks' credit risk. ... Since consistent data on banks' credit risk are only available since 1990, discussion of
https://www.rba.gov.au/publications/rdp/2001/2001-06/introduction.html
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Consumer Credit Card Choice: Costs, Benefits and Behavioural Biases
1 Oct 2018
RDP
2018-11
If this were the main driver of the prevalence of high interest rates among interest payers, we would expect to see these respondents considering the interest rate as part of their ... 1). Controls. (2). No controls. (3). Controls. (4). β. 1. considered
https://www.rba.gov.au/publications/rdp/2018/2018-11/full.html
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A Framework
1 Mar 1995
RDP
9503
A value for? , the weight on interest-rate smoothness, of 0.01 was chosen which gives a standard deviation of real interest rates in keeping with historical values for the Australian ... The economy is initially in a steady state, where the real cash
https://www.rba.gov.au/publications/rdp/1995/9503/framework.html
Appendix B: Data Description and Sources
31 Dec 2010
RDP
2010-02
Nominal interest rate (r. t. ): overnight cash rate, averaged over the quarter (RBA). ... World interest rate. : average of euro area, US and Japanese short-term nominal interest rates (RBA).
https://www.rba.gov.au/publications/rdp/2010/2010-02/appendix-b.html