Search: cash rate explained
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.
Search Results
Bank Funding and the Recent Tightening of Monetary Policy
18 Apr 2024
Bulletin
– April 2024
Banks’ funding costs have risen substantially since early 2022, driven by increases in the cash rate.
https://www.rba.gov.au/publications/bulletin/2024/apr/bank-funding-and-the-recent-tightening-of-monetary-policy.html
Statement on Monetary Policy
10 Nov 2001
Bulletin
– November 2001
in rates, bringing the cash rate to 4.5 per cent. ... The RBNZ reduced the official cash rate by 50 basis points in September, bringing the cumulative easing since March 2001 to 125 basis points.
https://www.rba.gov.au/publications/bulletin/2001/nov/1.html
Central Bank Liquidity Provision and Core Funding Markets | Conference – 2013
19 Aug 2013
Conferences
The search for yield in an environment of ‘low for long’ interest rates contributed to the demand for, and creation of, a range of complex structured products. ... Securities lending. While relatively small in size, securities lending markets
https://www.rba.gov.au/publications/confs/2013/johnson-santor.html
Competition: Profitability and Margins | Conference – 1991
21 Jun 1991
Conferences
Banks have responded on two fronts. They have argued that interest rate margins in 1989 (when cash rates got to 18 per cent while mortgage rates were 17 per cent) were ... rates. The deregulation which probably had the greatest impact on the aggregate
https://www.rba.gov.au/publications/confs/1991/phelps.html
Taming the Real Estate Beast: The Effects of Monetary and Macroprudential Policies on Housing Prices and Credit | Conference – 2012
20 Aug 2012
Conferences
Most of the short-term interest rate series, i. s. , are the money market interest rates from the IFS database. ... These short-term interest rates tend to move closely with the policy rate, while long-term lending rates may only indirectly reflect
https://www.rba.gov.au/publications/confs/2012/kuttner-shim.html
Statement on Monetary Policy
10 Nov 2000
Bulletin
– November 2000
The announcement of the 25 basis points rise in the cash rate to 6 per cent pushed the A$ higher. ... All major currencies rose against the US$, including the A$. The RBA did not announce a change in the cash rate.
https://www.rba.gov.au/publications/bulletin/2000/nov/1.html
Bulletin December Quarter 2020
7 Jan 2021
Bulletin
- December 2020
PDF
5686KB
https://www.rba.gov.au/publications/bulletin/2020/dec/pdf/bulletin-2020-12.pdf
The Growing Demand for Cash
15 Sep 2017
Bulletin
– September 2017
While survey data indicate that the share of Australian consumers' payments made with cash continues to fall, the number (and value) of banknotes in circulation continues to grow at around its trend pace of 6 per cent per year. This article
https://www.rba.gov.au/publications/bulletin/2017/sep/8.html
Commodity Market Financialisation: A Closer Look at the Evidence
14 Mar 2012
Bulletin
PDF
495KB
Reserve Bank of Australia Bulletin March Quarter 2012
https://www.rba.gov.au/publications/bulletin/2012/mar/pdf/bu-0312-8.pdf
The Distribution of Household Wealth in Australia: Evidence from the 2010 HILDA Survey
14 Mar 2012
Bulletin
PDF
472KB
Reserve Bank of Australia Bulletin March Quarter 2012
https://www.rba.gov.au/publications/bulletin/2012/mar/pdf/bu-0312-3.pdf