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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Retail Central Bank Digital Currency: Design Considerations and Rationales
15 Oct 2020
Speech
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284KB
central bank's policy rate to the broader structure of interest rates in the financial system.Some academics (for example, Bordo and Levin (2017)) have suggested this could be particularly useful ... of cash relative to electronic money,otherwise a
https://www.rba.gov.au/speeches/2020/pdf/sp-so-2020-10-14.pdf
Ten Years of Research – What Have We Learnt Since the Financial Crisis?
7 Mar 2019
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321KB
It changed from mostly being work on the exchange rate to work focusedon the terms of trade. ... We weren't, as many othercentral banks were, studying whether quantitative easing or negative interest rates work.
https://www.rba.gov.au/speeches/2019/pdf/sp-so-2019-03-07.pdf
Twenty-five Years of Inflation Targeting in Australia
26 Apr 2018
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237KB
Standard deviations are calculated from quarterly growth rates for the GDP and price series, and from the quarter-average unemployment rate. ... 4.2 The Asian crisis and exchange rate shocks At the onset of the Asian crisis, the Australian economy was
https://www.rba.gov.au/speeches/2018/pdf/sp-dg-2018-04-12.pdf
PowerPoint Presentation
26 Nov 2019
Speech
PDF
125KB
Negative interest rates are extraordinarily unlikely. 3. No appetite to purchase private-sector assets in a QE program. ... 2. Negative interest rates are extraordinarily unlikely. 3. No appetite to purchase private-sector assets in a QE program.
https://www.rba.gov.au/speeches/2019/pdf/sp-gov-2019-11-27-presentation-slides.pdf