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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Domestic Financial Conditions
6 Aug 2021
SMP
– August 2021
Borrowers reaching the end of their fixed-rate period have been able to obtain more favourable interest rates now on offer. ... Table 3.1: Average Outstanding Housing Rates. June 2021. Interest rate. (Per cent). Change since February 2020.
https://www.rba.gov.au/publications/smp/2021/aug/domestic-financial-conditions.html
Box A: Developments in the US Federal Reserve's Instruments
10 Nov 2008
SMP
– November 2008
In contrast, the Primary Dealer Credit Facility (PDCF), which performs a similar role for certain financial institutions that do not qualify for access to the discount window, has remained an overnight ... The Fed now pays the target federal funds rate,
https://www.rba.gov.au/publications/smp/2008/nov/box-a.html
Domestic Financial Conditions
8 Nov 2019
SMP
– November 2019
Cumulatively, average mortgage rates paid would then have declined by almost the same amount as the cash rate has since mid year. ... This is consistent with lower rates on interest rate swaps, which are often used as a pricing benchmark for these loans.
https://www.rba.gov.au/publications/smp/2019/nov/domestic-financial-conditions.html
List of graphs
10 Aug 2016
SMP
– August 2016
Graph 4.2: BBSW to Overnight Index Swap. ... Graph 5.4: Retail Prices and the Exchange Rate.
https://www.rba.gov.au/publications/smp/2016/aug/graphs.html
List of graphs
10 Nov 2013
SMP
– November 2013
Graph 2.10: US Mortgage Interest Rates. ... Graph 5.4: Consumer Durables Prices and the Exchange Rate.
https://www.rba.gov.au/publications/smp/2013/nov/graphs.html
Domestic Financial Conditions
10 May 2019
SMP
– May 2019
Table 3.1: Intermediaries' Housing Lending Rates. March 2019. Interest rate. Change since August 2018. ... Table 3.3: Intermediaries' Business Lending Rates. March 2019. Interest rate. Change since March 2018.
https://www.rba.gov.au/publications/smp/2019/may/domestic-financial-conditions.html
International Financial Conditions
8 May 2020
SMP
– May 2020
In particular, the depreciation of exchange rates has been more modest in Asia than in other emerging markets. ... For instance, the PBC announced targeted reductions in the reserve requirement ratio, cut the interest rate offered on excess reserves and
https://www.rba.gov.au/publications/smp/2020/may/international-financial-conditions.html
Domestic Financial Conditions
9 Aug 2019
SMP
– August 2019
Banks have passed through most of the reductions in the cash rate to housing interest rates and to retail deposit rates. ... This is consistent with lower interest rate swap rates, which are often used as a pricing benchmark.
https://www.rba.gov.au/publications/smp/2019/aug/domestic-financial-conditions.html
International and Foreign Exchange Markets
10 Aug 2008
SMP
– August 2008
The spreads on London Interbank Offered Rates (LIBOR) for the euro and pound sterling have narrowed noticeably since the last Statement. ... The Bank of England also kept its policy rate unchanged at 5 per cent over the past three months, having cut
https://www.rba.gov.au/publications/smp/2008/aug/intl-fx-mkts.html
Box A: Term Funding Schemes
8 May 2020
SMP
– May 2020
Maturity. 1 – 4 years. Interest rate. Uncollateralised overnight call rate; later fixed at 10 bps (6 to 10 bps). ... Maturity. 1 – 4 years. Interest rate. Uncollateralised overnight call rate; later fixed at 10 bps (7 to 10 bps).
https://www.rba.gov.au/publications/smp/2020/may/box-a-term-funding-schemes.html