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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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Implications for the Reserve Bank's Liquidity Management Operations of Changes in Commonwealth Government Cash Flows

22 Feb 2001 Bulletin PDF 86KB
Changes in CommonwealthGovernment Cash Flows. Introduction. The Reserve Bank implements monetarypolicy by undertaking operations in the moneymarket to maintain the cash rate – the interestrate at which financial institutions borrow andlend
https://www.rba.gov.au/publications/bulletin/2000/aug/pdf/bu-0800-3.pdf

Cash Withdrawal Symptoms

20 Jun 2019 Bulletin – June 2019
Luc Delaney, Aidan O'Hara and Richard Finlay
Most Australians don't have to travel more than a few kilometres to deposit or withdraw cash.
https://www.rba.gov.au/publications/bulletin/2019/jun/cash-withdrawal-symptoms.html

Semi-Annual Statement on Monetary Policy

10 May 1997 Bulletin – May 1997
The impact of those cash rate reductions on home mortgage borrowers has been reinforced by a significant compression of intermediaries' interest margins in that area. ... The Bank's assessment is that the current level of cash rates is accommodating the
https://www.rba.gov.au/publications/bulletin/1997/may/1.html

Central Bank Frameworks: Evolution or Revolution?

4 Jan 2023 Conferences PDF 7522KB
RBA Conference Volume 2018
https://www.rba.gov.au/publications/confs/2018/pdf/rba-conference-volume-2018.pdf

Bulletin June Quarter 2023

29 Sep 2023 Bulletin - June 2023 PDF 7089KB
https://www.rba.gov.au/publications/bulletin/2023/jun/pdf/bulletin-2023-06.pdf

The Smoothing of Official Interest Rates

7 Dec 2006 Conferences PDF 190KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/lowe-ellis.pdf

The Cash-use Cycle in Australia

16 Mar 2023 Bulletin – March 2023
Rochelle Guttmann, Tanya Livermore and Zhan Zhang
The use of cash for day-to-day transactions has been declining for many years and this has implications for all aspects of the cash system.
https://www.rba.gov.au/publications/bulletin/2023/mar/the-cash-use-cycle-in-australia.html

Bulletin

17 Apr 2024 Bulletin - April 2024 PDF 7253KB
https://www.rba.gov.au/publications/bulletin/2024/apr/pdf/bulletin-2024-04.pdf

Semi-Annual Statement on Monetary Policy

10 May 1998 Bulletin – May 1998
At 5.6 per cent, the yield on 10-year US bonds is barely above the US cash rate – i.e. ... This is because arbitrage by market participants works to ensure that three-month interest rates reflect the expected average cash rate over that period.
https://www.rba.gov.au/publications/bulletin/1998/may/2.html

2024

18 Jan 2024 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2024/