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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Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE
7 Jan 2024
RDP
PDF
1715KB
to using the shock as an instrument for cash rate changes, which allows for the possibility that the. ... like. Following an initial shock of 100 basis points, the cumulative change in the cash rate is almost.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-09.pdf
Discussion of The Economics of Low Interest Rates
29 Dec 2022
Conferences
PDF
2707KB
RBA Annual Conference 2022
https://www.rba.gov.au/publications/confs/2022/pdf/rba-conference-2022-mian-discussion.pdf
Remarks at the Reserve Bank Board Dinner
3 May 2023
Speech
PDF
208KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-gov-2023-05-02.pdf
Read me file for Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE
10 Dec 2023
RDP
PDF
160KB
RDP 2023-09 supplementary information
https://www.rba.gov.au/publications/rdp/2023/2023-09/rdp-2023-09-read-me.pdf
The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data
8 Jun 2023
RDP
PDF
1310KB
between interest rates and NIMs, with the marginal impact of a cut to the cash rate larger in low. ... pricing power. As a result, following a cut to cash rates, these banks can ensure the fall in their.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-05.pdf
Monetary Policy, Demand and Supply
12 Apr 2023
Speech
PDF
907KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-gov-2023-04-05.pdf
MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA’s Macroeconometric Model
12 Jan 2022
RDP
PDF
1774KB
Suthakar 2021; Hack and Nicholls 2021). With deposit rates unable to move below zero, cash rate. ... components: changes in the cash rate, changes in banks’ debt/deposit funding spreads and.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-01.pdf
Monetary Policy, Equity Markets and the Information Effect
24 Oct 2021
RDP
PDF
1573KB
prescription. For example, if the conventional effects of cash rate changes (e.g. ... approximation of the 3 to 5-year growth rate. Cash rate change Monetary policy surprise-4.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-04.pdf
Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data
13 Feb 2024
RDP
PDF
1260KB
cash rate will be endogenous. That is, innovation activity and monetary policy are co-determined by. ... shock measures. We consider four measures:. • The change in the policy rate (cash rate) itself. •
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-01.pdf
Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020
9 May 2024
RDP
PDF
4625KB
fixed interest rate in exchange for receiving the average cash rate recorded over the term of the swap. ... from financial institutions. This measure of the cash rate has been published by the Reserve Bank.
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-03.pdf