Search: Cash Rate
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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Non-technical summary for 'Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions'
30 Dec 2022
RDP
PDF
535KB
RDP 2022-09 non-technical summary
https://www.rba.gov.au/publications/rdp/2022/2022-09/rdp-2022-09-non-technical-summary.pdf
Read me file for Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
2 Jan 2023
RDP
PDF
417KB
RDP 2022-09 supplementary information
https://www.rba.gov.au/publications/rdp/2022/2022-09/rdp-2022-09-read-me.pdf
Non-technical summary for 'Monetary Policy, Equity Markets and the Information Effect'
20 Apr 2021
RDP
PDF
395KB
RDP 2021-04 non-technical summary
https://www.rba.gov.au/publications/rdp/2021/2021-04/rdp-2021-04-non-technical-summary.pdf
Start Spreading the News: News Sentiment and Economic Activity in Australia
21 Dec 2020
RDP
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1524KB
policy. This news indicator predicts changes in the cash rate even after accounting for other. ... important determinants of the cash rate, such as the RBA’s forecasts for the economy.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-08.pdf
A Model of the Australian Housing Market
5 Mar 2019
RDP
PDF
1639KB
r is the average real expected. variable mortgage rate, which Fox and Tulip estimated using 10-year fixed mortgage rates. ... government bond yield, cash is the cash rate, inflation is 10-year inflation compensation derived from indexed bonds.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-01.pdf
Exchange Rate Movements and the Australian Economy
4 Feb 2015
RDP
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1416KB
returning to trend in subsequent quarters.10 The cash rate responds little to the shock in the first few quarters. ... v) The exchange rate is ordered before the cash rate in the identification scheme.
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-11.pdf
OPEN MARKET OPERATIONS IN AUSTRALIA: A U.S. PERSPECTIVE Michael ...
17 Oct 2014
RDP
PDF
817KB
operations is to maintain cash rates at levels consistent with the objectives. ... Bank uses the cash rate as its operating instrument it does not peg the.
https://www.rba.gov.au/publications/rdp/1987/pdf/rdp8702.pdf
Identifying Interbank Loans from Payments Data
6 Dec 2016
RDP
PDF
3267KB
Figure 2: Implied Interest Rates of Algorithm Matches. Implied rate of simple interest, deviation from target cash rate, 2015. ... cash rate), so there should be very few false positives (some studies exhibit high rates of false.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-11.pdf
Read me file for Monetary Policy, Equity Markets and the Information Effect
20 Apr 2021
RDP
PDF
567KB
RDP 2021-04 supplementary information
https://www.rba.gov.au/publications/rdp/2021/2021-04/rdp-2021-04-read-me.pdf
Non-technical summary for 'Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020'
9 May 2024
RDP
PDF
132KB
RDP 2024-03 non-technical summary
https://www.rba.gov.au/publications/rdp/2024/2024-03/rdp-2024-03-non-technical-summary.pdf