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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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Appendix D: Data Sources and Definitions

31 Dec 2003 RDP 2003-12
Tim Robinson, Andrew Stone and Marileze van Zyl
The nominal cash rate is the quarter average of monthly data for the interbank overnight rate, for the period from July 1998 onwards, and for the 11am call rate, up to ... Constructed from RBA Bulletin Table ‘Advances Classified by Interest Rates’
https://www.rba.gov.au/publications/rdp/2003/2003-12/appendix-d.html
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Appendix B: Steady State

31 Dec 2013 RDP 2013-07
Sean Langcake and Tim Robinson
We log-linearise around a deterministic steady state where the real exchange rate,. , ... Domestic goods gross rental rate. Tobin's Q in steady state is 1.
https://www.rba.gov.au/publications/rdp/2013/2013-07/appendix-b.html
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Domestic Financial Conditions

4 Feb 2022 SMP – February 2022
Graph 3.10. The low level of the cash rate and the high level of liquidity in the banking system continue to underpin low money market rates. ... BBSW rates, to which much of banks' wholesale debt funding is linked (either directly or via hedging),
https://www.rba.gov.au/publications/smp/2022/feb/domestic-financial-conditions.html

Domestic Financial Conditions

8 Nov 2019 SMP – November 2019
Cumulatively, average mortgage rates paid would then have declined by almost the same amount as the cash rate has since mid year. ... Graph 3.11. Housing interest rates paid had already been drifting lower prior to the reductions in the cash rate and SVRs
https://www.rba.gov.au/publications/smp/2019/nov/domestic-financial-conditions.html

Domestic Financial Conditions

6 May 2022 SMP – May 2022
Following the increase in the cash rate, some banks have announced increases to rates paid on a broader range of deposit products. ... Interest rates on variable-rate loans may increase in the period ahead, following the increase in the cash rate in
https://www.rba.gov.au/publications/smp/2022/may/domestic-financial-conditions.html

Domestic Financial Conditions

7 Aug 2020 SMP – August 2020
Graph 4.12). The rates on three-month bank bills remain at around 10 basis points, a little below the cash rate. ... The cash rate reductions and other policy measures announced in March have flowed through to interest rates on outstanding business
https://www.rba.gov.au/publications/smp/2020/aug/domestic-financial-conditions.html

Appendix D: Glossary and Data

31 Dec 2005 RDP 2005-11
Andrew Stone, Troy Wheatley and Louise Wilkinson
s. De-trended real share accumulation index. i. Nominal cash rate. Neutral real cash rate. ... y. Real non-farm output. r. Real cash rate. p. m,trf. Tariff-adjusted import prices, measured in Australian dollars.
https://www.rba.gov.au/publications/rdp/2005/2005-11/appendix-d.html
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Monetary Policy, Equity Markets and the Information Effect

23 Mar 2021 RDP 2021-04
Calvin He
Consistent with standard models, unexpected increases in the cash rate cause equity prices to fall (Figure 3). ... The absolute value of the effect is much smaller when using the cash rate as the independent variable.
https://www.rba.gov.au/publications/rdp/2021/2021-04/full.html
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Domestic Financial Conditions

5 Aug 2022 SMP – August 2022
Some lenders have also announced the full pass-through of the August increase in the cash rate to housing reference rates. ... These tend to be priced with reference to BBSW rates, which moved higher earlier in anticipation of increases in the cash rate.
https://www.rba.gov.au/publications/smp/2022/aug/domestic-financial-conditions.html

Domestic Financial Conditions

5 Nov 2020 SMP – November 2020
Following the reduction in the cash rate target and the remuneration on ES balances in November, repo rates at the Bank's daily market operations declined to 10 basis points. ... Graph 4.19. The cash rate reductions and other policy measures announced
https://www.rba.gov.au/publications/smp/2020/nov/domestic-financial-conditions.html