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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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Overview

12 Feb 2023 SMP - February 2023 PDF 64KB
https://www.rba.gov.au/publications/smp/2023/feb/pdf/overview.pdf

Domestic Economic Conditions

6 Dec 2023 SMP - August 2023 PDF 1458KB
https://www.rba.gov.au/publications/smp/2023/aug/pdf/02-domestic-economic-conditions.pdf

Detailed Forecast Table (February 2024)

5 Feb 2024 SMP PDF 208KB
Statement on Monetary Policy, February 2024
https://www.rba.gov.au/publications/smp/2024/feb/pdf/forecast-table-2024-02.pdf

Appendix - Forecast Table - May 2023

3 May 2023 SMP PDF 175KB
SMP May 2023
https://www.rba.gov.au/publications/smp/2023/may/pdf/forecast-table-2023-05.pdf

Statement on Monetary Policy - May 2024

8 May 2024 SMP - May 2024 PDF 3509KB
https://www.rba.gov.au/publications/smp/2024/may/pdf/statement-on-monetary-policy-2024-05.pdf

Overview

3 Nov 2022 SMP - November 2022 PDF 73KB
https://www.rba.gov.au/publications/smp/2022/nov/pdf/overview.pdf

Economic Outlook

6 Dec 2023 SMP - August 2023 PDF 639KB
https://www.rba.gov.au/publications/smp/2023/aug/pdf/05-economic-outlook.pdf

Forecast Table - November 2023

9 Nov 2023 SMP November 2023 PDF 174KB
https://www.rba.gov.au/publications/smp/2023/nov/pdf/forecast-table-2023-11.pdf

Statement on Monetary Policy – May 2024

6 May 2024 SMP PDF 178KB
Assumptions. Cash rate (%) 4.2 4.3 4.4 4.2 3.9 3.8. Trade-weighted index (index) 60.9 62.1 62.2 62.2 62.2 62.2. ... Shading indicates historical data. (c) The cash rate is assumed to move broadly in line with expectations derived from financial market
https://www.rba.gov.au/publications/smp/2024/may/pdf/forecast-table-2024-05.pdf

Economic Outlook

9 Feb 2023 SMP - February 2023 PDF 620KB
https://www.rba.gov.au/publications/smp/2023/feb/pdf/05-economic-outlook.pdf