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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RESERVE BANK OF AUSTRALIA FOREIGN EXCHANGE SETTLEMENTPRACTICES IN AUSTRALIA ...
18 Dec 1997
Media Release
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268KB
be held against exchange rate risk, from the time that thetransaction is entered into until settlement). ... received with finality on value date because interbank settlementis not until the following business day.
https://www.rba.gov.au/media-releases/1997/pdf/fxsp.pdf
3/26/2021 The End of Libor and the Australian Market ...
26 Mar 2021
Speech
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188KB
As part of that I will make a few remarksabout the multiple-rate approach we are taking for Australia's local reference rates. ... reference rates,and for existing contracts where that's not possible, robust fallback provisions must be in place to
https://www.rba.gov.au/speeches/2021/pdf/sp-ag-2021-03-18.pdf
Final Incident Report RITS and FSS Incident – 12 October 2022
25 Nov 2022
Media Release
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146KB
The LVSS is used to submit settlement instructions to RITS for interbank obligations arising from cheques, direct entry and retail card payments (other than Mastercard and eftpos scheme transactions). ... 3.4 Overnight processing. Overnight processing of
https://www.rba.gov.au/media-releases/2022/pdf/mr-22-40-final-incident-report-rits-and-fss-incident-12-october-2022.pdf
The Stance of Monetary Policy in a World of Numerous Tools
21 Oct 2020
Speech
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258KB
As expected, the actual cash rate – which is the rate bankscharge to lend out funds to other banks overnight – declined below the cash rate target (Graph 1). ... Moreover, banks announced sizeable declines in interest rates on fixed rate businessand
https://www.rba.gov.au/speeches/2020/pdf/sp-ag-2020-10-20.pdf
Australian Fixed Income Markets – Recent Developments and a Look Ahead
5 Jun 2023
Speech
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1477KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-so-2023-05-24.pdf
Preparation for LIBOR transition ‘Dear CEO’ letter feedback
8 Apr 2020
Media Release
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228KB
Media Release 2020-12
https://www.rba.gov.au/media-releases/2020/pdf/2020-12-public-feedback-preparation-for-libor-transition.pdf
Responding to the Economic and Financial Impact of COVID-19
23 Apr 2020
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131KB
We have chosen the three-year horizon as it influences funding rates across much of the Australianeconomy and is an important rate in financial markets. ... Underthat system, the balances that banks hold with the RBA overnight in Exchange Settlement
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-03-19.pdf
From QE to QT – The next phase in the Reserve Bank's Bond Purchase Program
23 May 2022
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756KB
Banks can also lend them to others in the overnight cash market,with those transactions determining the cash rate. ... Hence, such a change would encourage more trading inthe overnight cash market, with the cash rate trading closer to, and eventually
https://www.rba.gov.au/speeches/2022/pdf/sp-ag-2022-05-23.pdf
The Economics of a Central Bank Digital Currency in Australia
7 Dec 2022
Speech
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685KB
Speech - 2022
https://www.rba.gov.au/speeches/2022/pdf/sp-ag-2022-12-08.pdf
The Housing Market and Financial Stability
23 Sep 2021
Speech
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322KB
jobs. The Reserve Bank reduced interest rates to historically low levels and introduceda suite of other policy measures to lower funding costs and interest rates across the economy. ... Growth in housingcredit is currently running at an annualised rate
https://www.rba.gov.au/speeches/2021/pdf/sp-ag-2021-09-22.pdf