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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Interest Rate Benchmark Reform
15 May 2018
Speech
PDF
191KB
Global Benchmark Reform and the Future of LIBORCentral banks and financial regulators have been working with the industry to address theshortcomings in the major interest rate benchmarks, the ‘interbank offered rates’ ... Australian dollar.The RBA
https://www.rba.gov.au/speeches/2018/pdf/sp-dg-2018-05-15-2.pdf
3/19/2019 Bonds and Benchmarks | Speeches https://www.rba.gov.au/speeches/2019/sp-ag-2019-03-19.html ...
19 Mar 2019
PDF
493KB
To replace LIBOR, regulators have worked closely with industry participants to develop alternativerisk-free rates, such as the Secured Overnight Financing Rate (SOFR) for the US dollar and theSterling Overnight Interbank ... https://www.rba.gov.au/speeche
https://www.rba.gov.au/speeches/2019/pdf/sp-ag-2019-03-19.pdf
The Future System for Monetary Policy Implementation
2 Apr 2024
Speech
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657KB
Speech - 2024
https://www.rba.gov.au/speeches/2024/pdf/sp-ag-2024-04-02.pdf
Talk to Australian Business in Europe - London 4 June 1998
27 Feb 2001
Speech
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122KB
Diagram 1 shows the growth rate of OECD countriesover this seven year period. ... I have not been talking about ourshort rates such as the overnight, or interbank interest rates, which are setby the Reserve Bank.
https://www.rba.gov.au/speeches/1998/pdf/sp-gov-040698.pdf
Channels of Transmission
17 Oct 2023
Speech
PDF
755KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-ag-2023-10-11.pdf
Emerging Threats to Financial Stability – New Challenges for the Next Decade
31 Oct 2023
Speech
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1157KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-ag-2023-10-31.pdf
Progress on Benchmark Reform
12 Apr 2019
Speech
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191KB
These forward-looking rates could potentially be constructed from derivativesreferencing the overnight RFRs. ... Available at:<https://www.snb.ch/n/mmr/reference/minutes_20181031/source/minutes_20181031.n.pdf>. [5]. See Financial Stability Board (2018),
https://www.rba.gov.au/speeches/2019/pdf/sp-dg-2019-04-11.pdf
Bagehot and the Lender of Last Resort – 150 Years On
18 Dec 2023
Speech
PDF
318KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-ag-2023-12-14.pdf
3/26/2021 The End of Libor and the Australian Market ...
26 Mar 2021
Speech
PDF
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
The Stance of Monetary Policy in a World of Numerous Tools
21 Oct 2020
Speech
PDF
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