Search: repo
RBA Glossary definition for repo
repo – Repurchase agreement. The vehicle whereby most Reserve Bank of Australia (RBA) domestic market operations are conducted. Repurchase agreements (usually called 'repos') involve the sale or purchase of securities with an undertaking to reverse the transaction at an agreed date in the future and at an agreed price. Repos provide flexibility in that they allow the RBA to inject liquidity on one day and withdraw it on another with a single transaction.
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The Future System for Monetary Policy Implementation
2 Apr 2024
Speech
PDF
657KB
Speech - 2024
https://www.rba.gov.au/speeches/2024/pdf/sp-ag-2024-04-02.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
The Committed Liquidity Facility
23 Jul 2019
Speech
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313KB
Inparticular, the Australian repo market has grown substantially, driven by more HQLA securities beingsold under repo. ... To minimise thisrisk, the RBA imposes haircuts on the securities that it purchases under repo.
https://www.rba.gov.au/speeches/2019/pdf/sp-ag-2019-07-23.pdf
The Stance of Monetary Policy in a World of Numerous Tools
21 Oct 2020
Speech
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258KB
and announced that the Bank would continue to provide liquidity to Australian financialmarkets by conducting repo operations at terms of up to six months in its daily marketoperations.
https://www.rba.gov.au/speeches/2020/pdf/sp-ag-2020-10-20.pdf
Bagehot and the Lender of Last Resort – 150 Years On
18 Dec 2023
Speech
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318KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-ag-2023-12-14.pdf
27/07/2020 The Reserve Bank's Operations – Liquidity, Market Function ...
27 Jul 2020
Speech
PDF
390KB
the repo rate) to determine whichcounterparty bids were filled (and which were unfilled). ... Lately, we have been meeting the demand ofbanks that present at auctions at a steady repo rate.
https://www.rba.gov.au/speeches/2020/pdf/sp-ag-2020-07-27.pdf
Australian Securities Markets Through the Pandemic
26 Nov 2021
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996KB
In part, thisis because the RBA provided repo funding through its daily liquidity operations at attractive rates andon longer terms than usual as uncertainty increased in March 2020. ... change in repo eligibility had on thebond market.
https://www.rba.gov.au/speeches/2021/pdf/sp-so-2021-11-23.pdf
Responding to the Economic and Financial Impact of COVID-19
23 Apr 2020
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131KB
As part of this effort, we will be conducting one-month andthree-month repo operations each day. ... We will also conduct repo operations of six-month maturityor longer at least weekly, as long as market conditions warrant.
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-03-19.pdf
Progress on Benchmark Reform
12 Apr 2019
Speech
PDF
191KB
The rates chosen are overnight RFRs, either measured from transactions ininter-bank unsecured lending markets or repo markets.
https://www.rba.gov.au/speeches/2019/pdf/sp-dg-2019-04-11.pdf
The Term Funding Facility, Other Policy Measures, and Financial Conditions
10 Jun 2021
Speech
PDF
489KB
These borrowings are collateralised and lent under repurchase (repo) agreements. For details, see the TFFOperational Notes <https://www.rba.gov.au/mkt-operations/term-funding-facility/operational-notes.html>, or ‘TheTerm
https://www.rba.gov.au/speeches/2021/pdf/sp-ag-2021-06-09.pdf