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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Domestic Financial Conditions
5 Nov 2021
SMP
– November 2021
the yield target in assisting to hold down the general structure of interest rates in Australia as expectations of the future cash rate path shifted. ... Graph 3.10. Short-term money market rates remain near historical lows given the low level of the
https://www.rba.gov.au/publications/smp/2021/nov/domestic-financial-conditions.html
Domestic Financial Conditions
10 May 2019
SMP
– May 2019
The Reserve Bank has maintained the cash rate target at 1.5 per cent since August 2016. ... Meanwhile, the cash rate has continued to trade at the Reserve Bank Board's target.
https://www.rba.gov.au/publications/smp/2019/may/domestic-financial-conditions.html
Domestic Financial Conditions
10 Feb 2019
SMP
– February 2019
Meanwhile, the cash rate has continued to trade at the Reserve Bank Board's target. ... Even taking the recent increases in housing lending rates into account, these rates are at very low levels compared with history, consistent with the low level of the
https://www.rba.gov.au/publications/smp/2019/feb/domestic-financial-conditions.html
Domestic Financial Conditions
6 Feb 2020
SMP
– February 2020
This largely reflects the effect of reductions in the cash rate on wholesale debt costs and (retail and wholesale) deposit rates. ... Graph 3.6. Graph 3.7. Banks have passed through most of the reductions in the cash rate to retail deposit rates.
https://www.rba.gov.au/publications/smp/2020/feb/domestic-financial-conditions.html
Domestic Financial Conditions
10 Aug 2018
SMP
– August 2018
Financial market prices suggest that the cash rate is expected to remain unchanged this year. ... So overall, money market rates have increased this year despite market expectations for the future path of the cash rate having been little changed.
https://www.rba.gov.au/publications/smp/2018/aug/domestic-financial-conditions.html
Domestic Financial Conditions
27 Nov 2018
SMP
– November 2018
The Reserve Bank has maintained the cash rate target at 1.5 per cent since August 2016. ... Graph 3.2. Money market rates remain higher than in 2017 despite little change in market expectations for the future path of the cash rate.
https://www.rba.gov.au/publications/smp/2018/nov/domestic-financial-conditions.html
Outlook
6 Feb 2024
SMP
– February 2024
Outlook | Statement on Monetary Policy – February 2024
https://www.rba.gov.au/publications/smp/2024/feb/outlook.html
Domestic Financial Conditions
10 May 2018
SMP
– May 2018
The Reserve Bank has maintained the cash rate target at 1.5 per cent since August 2016. ... Meanwhile, the cash rate has continued to trade at the Board's target.
https://www.rba.gov.au/publications/smp/2018/may/domestic-financial-conditions.html
5.4 Focus Topic: Interest Rate Risk
6 Oct 2023
FSR
– October 2023
5.4 Focus Topic: Interest Rate Risk | Financial Stability Review – October 2023
https://www.rba.gov.au/publications/fsr/2023/oct/focus-topic-interest-rate-risk.html
Box B: The Impact of Rising Interest Rates and Inflation on Indebted Households' Cash Flows
7 Oct 2022
FSR
– October 2022
Financial Stability Review – October 2022Box B: The Impact of Rising Interest Rates and Inflation on Indebted Households Cash Flows. ... Financial market pricing and surveys of economists indicate that further increases in the cash rate are expected
https://www.rba.gov.au/publications/fsr/2022/oct/box-b-the-impact-of-rising-interest-rates-and-inflation-on-indebted-households-cash-flows.html