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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Abbreviations
28 Sep 2022
PSB Annual Report
– 2022
IBOR. Interbank offered rate. ISO. International Organization for Standardization. IOSCO. International Organisation of Securities Commissions. ... LCR. Least-cost routing. LIBOR. London interbank offered rate. MOG. Multilateral Oversight Group for
https://www.rba.gov.au/publications/annual-reports/psb/2022/abbreviations.html
Financial Market Infrastructures
28 Sep 2022
PSB Annual Report
– September 2022
In October 2021, LCH Ltd undertook the conversion of Euro Overnight Index Average (EONIA) contracts to the euro short-term rate (STR) while London Interbank Offered Rate (LIBOR) contracts for Swiss ... franc, euro, British pound and Japanese yen were
https://www.rba.gov.au/publications/annual-reports/psb/2022/financial-market-infrastructures.html
The Offshore Renminbi Market and Australia
18 Dec 2014
Bulletin
– December 2014
The Chinese authorities have continued to make progress in internationalising China's currency, the renminbi (RMB). In particular, the use of RMB for cross-border trade and investment transactions has increased noticeably over recent years and the
https://www.rba.gov.au/publications/bulletin/2014/dec/7.html
Appendix D: Data Sources and Definitions
31 Dec 2003
RDP
2003-12
The nominal cash rate is the quarter average of monthly data for the interbank overnight rate, for the period from July 1998 onwards, and for the 11am call rate, up to ... Constructed from RBA Bulletin Table ‘Advances Classified by Interest Rates’
https://www.rba.gov.au/publications/rdp/2003/2003-12/appendix-d.html
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Semi-Annual Statement on Monetary Policy
10 May 1999
Bulletin
– May 1999
Japan cut its target call rate from 0.25 per cent to 0.15 per cent in February and subsequently guided overnight interbank interest rates to (fractionally above) zero. ... overnight target interest rate to 4.75 per cent at the end of March.
https://www.rba.gov.au/publications/bulletin/1999/may/1.html
Appendix A: Zero-coupon Yields
30 Dec 2008
RDP
2008-09
We display estimated 1, 3 and 5-year zero-coupon yields, as well as the interbank overnight cash rate in Figure A1. ... Hence requiring d(0) = 1 is equivalent to requiring. Writing. , we can ensure that the 1-day yield is given by the overnight cash rate,
https://www.rba.gov.au/publications/rdp/2008/2008-09/appendix-a.html
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The Australian High-Value Payments System
10 Mar 2004
FSR
– March 2004
RITS is the hub of the Australian payments system, through which interbank payments are settled (Figure 1). ... Interbank lending and borrowing are generally settled as cash transfers between banks in this way.
https://www.rba.gov.au/publications/fsr/2004/mar/aus-high-val-pay-sys.html
Banking and Payment Services
21 Oct 2021
RBA Annual Report
– 2021
The Bank must cost and price the services separately from its other activities and meet a prescribed minimum rate of return. ... For 2020/21, the Bank achieved its competitive neutrality target rate of return.
https://www.rba.gov.au/publications/annual-reports/rba/2021/banking-and-payment-services.html
Credit Spreads, Monetary Policy and the Price Puzzle
1 Jan 2020
RDP
2020-01
in risk premia in large business lending rates is met by an 8 basis point cut to the cash rate. ... The spread between the 3-month bank-accepted bill (BAB) rate and the 3-month Australian dollar overnight indexed swap (OIS) rate. (.
https://www.rba.gov.au/publications/rdp/2020/2020-01/full.html
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Cash Rate Methodology – Overview | Market Operations Resources
26 Oct 2021
Overview of the methodology of the cash rate, the Reserve Bank Board's operational target for monetary policy.
https://www.rba.gov.au/mkt-operations/resources/cash-rate-methodology/overview.html