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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The Neutral Interest Rate
15 Sep 2017
Bulletin
– September 2017
Central banks monitor the neutral interest rate for a number of reasons, a key one being that it provides a benchmark for assessing the stance of monetary policy. This article describes the determinants of the neutral interest rate and discusses its
https://www.rba.gov.au/publications/bulletin/2017/sep/2.html
Overnight Indexed Swap Rates
19 Jun 2002
Bulletin
PDF
62KB
Further, by comparing the fixed rates forswaps of different maturities, it is possible toassess not only the magnitude of the expectedchange in the cash rate but also the timing ofthese changes. ... Overnight Indexed Swap Rates June 2002. 24. cash rate
https://www.rba.gov.au/publications/bulletin/2002/jun/pdf/bu-0602-3.pdf
Bulletin August 2001 – Statement on Monetary Policy
10 Aug 2001
Bulletin
Among the English-speaking countries, aside from the easing in Australia, which is discussed in the chapter on ‘Domestic Financial Markets’, the Bank of Canada has cut the overnight cash rate ... However, several other emerging market economies have
https://www.rba.gov.au/publications/bulletin/2001/aug/1.html
Household and Business Finances in Australia
7 Oct 2022
FSR
– October 2022
Once the 2 percentage points of cash rate increases between May and October have been fully passed through to loan payments, estimates suggest:. ... Based on current market pricing for the cash rate and assuming full pass-through to variable mortgage
https://www.rba.gov.au/publications/fsr/2022/oct/household-business-finances-in-australia.html
Recent Developments in the Cash Market
15 Jun 2023
Bulletin
– June 2023
Following the implementation of unconventional monetary policy measures during the COVID-19 pandemic, liquidity in the banking system rose significantly.
https://www.rba.gov.au/publications/bulletin/2023/jun/recent-developments-in-the-cash-market.html
Bulletin
17 Apr 2024
Bulletin
- April 2024
PDF
7253KB
https://www.rba.gov.au/publications/bulletin/2024/apr/pdf/bulletin-2024-04.pdf
Recent Developments in Interest Rates on Bank Lending
22 Feb 2001
Bulletin
PDF
59KB
This is the only form of personallending where interest rates have fallen furtherthan the cash rate. ... Personal Lending Rates%. Credit cards. Unsecuredfixed-term loan. Secured line ofcredit. %. Cash rate. Recent Developments in Interest Rates on Bank
https://www.rba.gov.au/publications/bulletin/1999/apr/pdf/bu-0499-1.pdf
The Effects of Funding Costs and Risk on Banks' Lending Rates
10 Mar 2011
Bulletin
– March 2011
driver of the increase in banks' lending rates relative to the cash rate in recent years. ... been broadly offset by a decline in the spread to the cash rate on funding sources that have relatively fixed rates.
https://www.rba.gov.au/publications/bulletin/2011/mar/6.html
Box B: Variable Interest Rates on Housing Loans
10 Mar 2005
FSR
– March 2005
This slight margin was probably attributable to some borrowers taking out basic variable-rate loans; these types of loans charge interest at a discount to standard variable rates, but typically have ... It has also meant that the increase in interest
https://www.rba.gov.au/publications/fsr/2005/mar/box-b.html
Statement on Monetary Policy
10 May 2003
Bulletin
– May 2003
The Reserve Bank of New Zealand reduced its official cash rate by 25 basis points to 5.5 per cent in April. ... In Japan, the central bank has maintained the cash rate at zero and has announced further measures to try to stimulate monetary expansion.
https://www.rba.gov.au/publications/bulletin/2003/may/1.html