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.
Search Results
Cash Rate Total Return Index
9 May 2016
Media Releases
The Reserve Bank of Australia has commenced publishing a Cash Rate Total Return Index (TRI), which members of the public can use as a benchmark with a risk-free rate of return.
https://www.rba.gov.au/media-releases/2016/mr-16-12.html
Statement by Glenn Stevens, Governor: Monetary Policy
7 Oct 2008
Media Releases
Announcement that the Board decided to lower the cash rate by 100 basis points to 6.0 per cent
https://www.rba.gov.au/media-releases/2008/mr-08-20.html
Statement by the Governor, Mr Bernie Fraser: Monetary Policy
8 Jul 1992
Media Releases
Announcement of reduction in the cash rate by 75 basis points to 5.75 per cent
https://www.rba.gov.au/media-releases/1992/mr-92-18.html
The RBA Committed Liquidity Facility
16 Nov 2011
Media Releases
As foreshadowed last December, the Reserve Bank will provide a committed liquidity facility (CLF) as part of Australia's implementation of the Basel III liquidity reforms
https://www.rba.gov.au/media-releases/2011/mr-11-25.html
Statement by the Governor, Mr Bernie Fraser: Monetary Policy
6 Nov 1991
Media Releases
Announcement of reduction in the cash rate by 1 percentage point to 8.50 per cent
https://www.rba.gov.au/media-releases/1991/mr-91-21.html
Statement by the Governor, Mr Bernie Fraser: Further Reduction in Interest Rates
8 Jan 1992
Media Releases
Announcement of reduction in the cash rate by 1 percentage point
https://www.rba.gov.au/media-releases/1992/mr-92-03.html
Year 2000 and RBA Domestic Dealing Arrangements
21 Jun 1999
Media Releases
Arrangements to be put in place by banks and other financial intermediaries to ensure that they have adequate liquidity over the century change over period
https://www.rba.gov.au/media-releases/1999/mr-99-05.html
Statement by the Governor, Mr Bernie Fraser: Reduction in Interest Rates
30 Jul 1993
Media Releases
Announcement of reduction in the cash rate by 0.5 per cent to 4.75 per cent
https://www.rba.gov.au/media-releases/1993/mr-93-17.html
December: 1997-Settlement Risk on Australian Dollar Transactions
9 Mar 2023
Media Release
However, some direct cross-rate trading does occur, albeit in low volumes, against other currencies. ... The real-time settlement of all interbank foreign exchange transactions in AUD will put Australia at world best practice.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-risk-aus-dollar-transactions.html
Domestic Market Dealing Arrangements
6 Sep 2007
Media Releases
Australian dollar bonds issued by an ADI which holds an ES Account and is rated A3 or above by all major credit ratings agencies that rate it, and in any event, ... However, all classes of securities will be acceptable on an intra-day or overnight basis.
https://www.rba.gov.au/media-releases/2007/mr-07-14.html