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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Statement on Monetary Policy
10 Nov 2001
Bulletin
– November 2001
in rates, bringing the cash rate to 4.5 per cent. ... Current. policy rate Per cent. Korea. 125. 4.00. Taiwan. 250. 2.25.
https://www.rba.gov.au/publications/bulletin/2001/nov/1.html
The Australian Money Market in a Global Crisis
10 Jun 2009
Bulletin
– June 2009
Interest rates in money markets move with expectations of the cash rate (the overnight indexed swap rate, or OIS), but are above that rate by what historically had been a small ... The rate set is calculated as a trimmed mean of the contributed rates.
https://www.rba.gov.au/publications/bulletin/2009/jun/2.html
Domestic Financial Conditions
3 Mar 2021
SMP
- February 2021
PDF
714KB
https://www.rba.gov.au/publications/smp/2021/feb/pdf/03-domestic-financial-conditions.pdf
Semi-Annual Statement on Monetary Policy
10 Nov 1998
Bulletin
– November 1998
A similar pattern of short-term interest rates was evident in late August and early September as the exchange rate again fell heavily. ... The Bank of Japan's overnight rate was further reduced in September to 0.25 per cent.
https://www.rba.gov.au/publications/bulletin/1998/nov/1.html
Extracting Information from Financial Market Instruments
20 Apr 2012
Bulletin
PDF
499KB
Reserve Bank of Australia Bulletin March Quarter 2012
https://www.rba.gov.au/publications/bulletin/2012/mar/pdf/bu-0312-6.pdf
International and Foreign Exchange Markets
10 Aug 2013
SMP
– August 2013
The People's Bank of China (PBC) allowed liquidity conditions to tighten significantly in June, which saw interbank rates (such as the overnight SHIBOR) move sharply higher (Graph 2.4). ... Interbank rates have subsequently returned towards their
https://www.rba.gov.au/publications/smp/2013/aug/intl-fx-mkts.html
Domestic Financial Conditions
27 Nov 2018
SMP
– November 2018
In contrast to other money markets, conditions in the overnight interbank markets have remained stable and the cash rate has continued to trade at the Reserve Bank Board's target. ... Table 3.1 Intermediaries' Fixed and Variable Lending Rates. Interest
https://www.rba.gov.au/publications/smp/2018/nov/domestic-financial-conditions.html
Domestic Market Operations and Liquidity Forecasting
10 Dec 2010
Bulletin
– December 2010
The cash rate in turn affects the broad spectrum of interest rates in the financial system and, consequently, economic activity and inflation. ... points above the target cash rate, is the rate at which institutions can access the Reserve Bank's standing
https://www.rba.gov.au/publications/bulletin/2010/dec/5.html
Bulletin December Quarter 2021
9 Dec 2021
Bulletin
- December 2021
PDF
3608KB
https://www.rba.gov.au/publications/bulletin/2021/dec/pdf/bulletin-2021-12.pdf
An International Perspective on Monetary Policy Implementation Systems
26 Sep 2022
Bulletin
- June 2022
PDF
649KB
https://www.rba.gov.au/publications/bulletin/2022/jun/pdf/an-international-perspective-on-monetary-policy-implementation-systems.pdf