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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Box D: Bank Bill Swap Benchmark Rates
10 Nov 2013
SMP
– November 2013
These rates, along with the overnight cash rate (published by the Reserve Bank), are the most important reference rates within the Australian dollar market. ... Footnotes. The Reserve Bank's process for calculating the cash rate is detailed on the Bank's
https://www.rba.gov.au/publications/smp/2013/nov/box-d.html
Domestic Economic Conditions
4 Aug 2023
SMP
– August 2023
Domestic Economic Conditions | Statement on Monetary Policy – August 2023
https://www.rba.gov.au/publications/smp/2023/aug/domestic-economic-conditions.html
Economic Outlook
4 Aug 2023
SMP
– August 2023
Economic Outlook | Statement on Monetary Policy – August 2023
https://www.rba.gov.au/publications/smp/2023/aug/economic-outlook.html
Forecast table – November 2023
10 Nov 2023
SMP
3.1. 3.2. 3.0. Unemployment rate (quarterly, %). 3.6. 3.8. 4.0. 4.2. ... 3.3. 2.9. (a) Forecasts finalised on 7 November. The forecasts are conditioned on a path for the cash rate broadly in line with expectations derived from surveys of professional
https://www.rba.gov.au/publications/smp/2023/nov/forecasts.html
Forecast table – May 2022
6 May 2022
SMP
4.3. 3.4. 3.5. Unemployment rate (quarterly, %). 4.7. 3.8. 3.7. 3.6. ... 3.1. 2.9. (a) Forecasts finalised on 4 May. The forecasts are conditioned on a path for the cash rate broadly in line with expectations derived from surveys of professional
https://www.rba.gov.au/publications/smp/2022/may/forecasts.html
Forecast table – August 2021
6 Aug 2021
SMP
10. 4. 5. 4. 3. 3. Unemployment rate (quarterly, %). 5.2. ... 2021, 0.4 per cent over 2022 and 1.2 per cent over 2023; cash rate in line with market pricing; and other elements of the Bank's monetary stimulus are
https://www.rba.gov.au/publications/smp/2021/aug/forecasts.html
Forecast table – May 2021
7 May 2021
SMP
Unemployment rate (quarterly, %). 6.8. 5. 5. 4. 4. 4. Employment. ... 0.4 per cent over 2022; cash rate in line with market pricing out to 2022 (and held constant thereafter); and other elements of the Bank's monetary stimulus are in
https://www.rba.gov.au/publications/smp/2021/may/forecasts.html
Forecast table – February 2020
10 Feb 2020
SMP
3.6. 3.9. 3.7. 3.7. Unemployment rate (quarterly, %). 5.2. 5.2. 5.1. ... 1.9. 2.0. (a) Technical assumptions include the cash rate moving in line with market pricing, TWI at 58, A$ at US$0.67 and Brent crude oil price at
https://www.rba.gov.au/publications/smp/2020/feb/forecasts.html
Forecast table – August 2019
9 Aug 2019
SMP
3.7. 3.8. 3.8. 3.8. Unemployment rate (quarterly, %). 5.2. 5.2. 5.2. ... 2.0. 2.1. (a) Technical assumptions set on 7 August include the cash rate moving in line with market pricing, TWI at 59, A$ at US$0.68 and Brent crude
https://www.rba.gov.au/publications/smp/2019/aug/forecasts.html
Forecast table – November 2019
8 Nov 2019
SMP
3.4. 3.6. 3.7. 3.7. Unemployment rate (quarterly, %). 5.2. 5.2. 5.2. ... 1.9. 1.9. (a) Technical assumptions set on 6 November include the cash rate moving in line with market pricing, TWI at 60, A$ at US$0.69 and Brent crude
https://www.rba.gov.au/publications/smp/2019/nov/forecasts.html