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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Payment System Design and Participant Operational Disruptions
28 Jan 2015
RDP
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578KB
4 The remaining 10 per cent of interbank settlements in RITS are settled in deferred net batches. ... 26. Glaser M and P Haene (2009), ‘Liquidity Effects of a Participant-Level Operational Disruption in Swiss Interbank Clearing System’.
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-05.pdf
Online Appendices: A Model of the Australian Housing Market
5 Mar 2019
RDP
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1184KB
RDP 2019-01 online appendices
https://www.rba.gov.au/publications/rdp/2019/2019-01/rdp-2019-01-online-appendices.pdf
Exchange Rate Regimes and the Volatility of Financial Prices: The Australian Case
19 Nov 2012
RDP
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918KB
rate, the DM trade-weighted index, the West German 90 day interbank deposits. ... interest rates and exchange rate to be calculated and decomposed into the parts.
https://www.rba.gov.au/publications/rdp/1986/pdf/rdp8608.pdf
A Small Model of the Australian Macroeconomy: An Update
22 Dec 2005
RDP
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627KB
Equations 8. 2.1 Output Gap 8. 2.2 Real Exchange Rate 11. ... denotes the foreign real interest rate (proxied by a GDP-weighted average of realshort-term policy rates in the G3 economies);pcomis the RBA index of commodityprices in foreign currency
https://www.rba.gov.au/publications/rdp/2005/pdf/rdp2005-11.pdf
A Multi-sector Model of the Australian Economy
14 May 2015
RDP
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1314KB
t νt), where Rt and R. t are the gross nominal interest rates. ... Import volumes also contract following a positive monetary policy shock, as theeffects of higher interest rates on domestic demand overwhelm the substitutioneffects associated with the
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-07.pdf
A Small Model of the Australian Macroeconomy
1 Dec 2009
RDP
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534KB
The real exchange rate is determined by the terms of trade and the differentialbetween domestic and foreign real interest rates. ... These papers have identified three fundamental determinants of the Australian realexchange rate: the terms of trade, the
https://www.rba.gov.au/publications/rdp/2000/pdf/rdp2000-05.pdf
Consumption and Liquidity Constraints in Australia and East Asia: Does Financial Integration Matter?
1 Dec 2009
RDP
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345KB
where $ lnc ct t= (consumption growth rate) and λ is a variant of λ. ... Even if all these conditions hold, real interest rates are only identical, ingeneral, in the steady state when the real exchange rate is constant.
https://www.rba.gov.au/publications/rdp/1996/pdf/rdp9602.pdf
Direct Effects of Money on Aggregate Demand: Another Look at the Evidence
26 Aug 2010
RDP
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179KB
term nominal interest rates.In general, it is an important issue whether or not money has such direct effects,but the issue is most prominent when the nominal interest rate approaches ... Real interest rate: Calculated according to Equation (A1), where
https://www.rba.gov.au/publications/rdp/2010/pdf/rdp2010-05.pdf
Monetary Policy, Equity Markets and the Information Effect
24 Oct 2021
RDP
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1573KB
rate increase as signalling some additional positive economic information. This effect, if strong. ... prescription. For example, if the conventional effects of cash rate changes (e.g.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-04.pdf
MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
20 Aug 2019
RDP
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1571KB
NCR Overnight cash rate Per cent Nominal RBA. NMR Mortgage rate Per cent Nominal RBA. ... growth in the dwelling stock, changes in mortgage interest rates and the rate of inflation.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-07.pdf