Search: cash rate target

Sort by: Relevance Date
41–50 of 1,103 search results for cash rate target

RBA Glossary definition for cash rate target

cash rate target – As in most developed countries, the stance of monetary policy in Australia is expressed in terms of a target for an overnight interest rate. The rate used by the Reserve Bank of Australia is the cash rate (also known as the interbank overnight rate). When the Reserve Bank Board decides that a change in monetary policy should occur, it specifies a new target for the cash rate. A decision to ease policy is reflected in a new lower target for the cash rate, while a decision to tighten policy is reflected in a higher target.

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

Results

27 Feb 2018 RDP 2018-02
Jonathan Hambur and Richard Finlay
na. na. σ. cash rate. 0.0037. (0.0001). na. na. na. na. ... Specifically, we estimated a model of nominal rates using the methodology outlined in Adrian et al (2013), but extended to include cash rate forecasts.
https://www.rba.gov.au/publications/rdp/2018/2018-02/results.html
See 8 more results from "RDP 2018-02"

Consumption Behavior across the Distribution of Liquid Assets

19 Dec 2023 Research Workshop PDF 2239KB
RBA Workshop 2023
https://www.rba.gov.au/publications/workshops/research/2023/pdf/rba-workshop-2023-graham-mcdowall.pdf

The Australian Financial System

7 Oct 2022 FSR – October 2022
Graph 3.1. Market pricing implies that the cash rate is expected to increase further over the coming year, which would have mixed implications for banks profits. ... As the cash rate moves further away from the effective lower bound, market analysts
https://www.rba.gov.au/publications/fsr/2022/oct/australian-financial-system.html

Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions

29 Dec 2022 RDP PDF 1886KB
draw some useful inferences about the effects of changes in the cash rate. ... zero-coupon forward rates) to further purge the cash rate of variation that is anticipated by financial.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-09.pdf

A Model of the Australian Housing Market

1 Mar 2019 RDP 2019-01
Trent Saunders and Peter Tulip
It estimates responses to interest rates, allowing for feedback between quantities and prices. ... So long-term interest rates enter the user cost. However, housing prices seem to also respond to variable mortgage rates in the short run, possibly because
https://www.rba.gov.au/publications/rdp/2019/2019-01/full.html
See 5 more results from "RDP 2019-01"

Financial Stability Review March 2014

26 Mar 2014 FSR March 2014 PDF 1956KB
https://www.rba.gov.au/publications/fsr/2014/mar/pdf/0314.pdf

The Global Financial Environment

8 Apr 2021 FSR – April 2021
Global bodies, as well as national regulators, are also working on ensuring an orderly transition away from London Inter-bank Offered Rates (LIBOR), a key global interest rate benchmark that is ... With a faster recovery and so rising bond yields in
https://www.rba.gov.au/publications/fsr/2021/apr/global-financial-environment.html

Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey

14 Sep 2020 RDP 2020-06
James Caddy, Luc Delaney and Chay Fisher
76. 45. 48. Average number of cash top-ups per person per week. ... Note: Share of respondents who reported using cash withdrawal and/or deposit services.
https://www.rba.gov.au/publications/rdp/2020/2020-06/full.html
See 13 more results from "RDP 2020-06"

Robustness Exercises

3 Jan 2023 RDP 2022-09
Matthew Read
Although the robust credible intervals are narrower in the inflation-targeting period (compare Figures 6 and 9), this seems to largely reflect that the impact response of the cash rate is ... t. is restricted to be non-negative, so the central bank does
https://www.rba.gov.au/publications/rdp/2022/2022-09/robustness-exercises.html
See 9 more results from "RDP 2022-09"

How Australians Pay: Evidence from the 2016 Consumer Payments Survey

1 Jul 2017 RDP 2017-04
Mary-Alice Doyle, Chay Fisher, Ed Tellez and Anirudh Yadav
amount, source) and the amount of cash they held after the top-up. ... Similarly, higher-income consumers have switched away from cash towards cards at a faster rate than respondents with lower incomes in recent years.
https://www.rba.gov.au/publications/rdp/2017/2017-04/full.html
See 4 more results from "RDP 2017-04"