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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Statement by the Governor, Mr Ian Macfarlane
18 Feb 2000
Media Releases
Results of the review of the Reserve Bank of Australia's arrangements for releasing market-sensitive information
https://www.rba.gov.au/media-releases/2000/mr-00-06.html
Regulators Urge Financial Institutions to Plan for LIBOR Transition
9 May 2019
Media Releases
LIBOR (London Interbank Offered Rate) is deeply embedded in financial markets globally and is used by many Australian financial institutions in their contracts and business processes. ... If they haven't already done so, users need to identify their
https://www.rba.gov.au/media-releases/2019/mr-19-12.html
Strategic Review of Innovation in the Payments System
7 Jun 2012
Media Releases
The Reserve Bank has released the conclusions of its Strategic Review of Innovation in the Payments System
https://www.rba.gov.au/media-releases/2012/mr-12-14.html
Same-day Settlement of Direct Entry Payments
25 Nov 2013
Media Releases
Starting from 25 November, the settlement of Direct Entry (DE) obligations between payments system participants is occurring on a same-day, rather than next-day, basis
https://www.rba.gov.au/media-releases/2013/mr-13-24.html