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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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Domestic Financial Markets

5 Nov 2015 SMP - November 2015 PDF 573KB
https://www.rba.gov.au/publications/smp/2015/nov/pdf/04-domestic-financial-markets.pdf

Domestic Economic Condition

10 Nov 2006 SMP – November 2006
Over recent months, auction clearance rates in Sydney and Melbourne have been lower than earlier in the year, possibly reflecting the increases in the cash rate in May and August. ... While this was significantly below the recorded growth rate in profits
https://www.rba.gov.au/publications/smp/2006/nov/dom-eco-cond.html

1 February 2011 | Minutes of the Monetary Policy Meeting of the Board

15 Feb 2011 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 1 February 2011
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2011/01022011.html

Statement on Monetary Policy – May 2010

6 May 2010 SMP – May 2010 PDF 985KB
https://www.rba.gov.au/publications/smp/2010/may/pdf/0510.pdf

Statement on Monetary Policy

8 Aug 2019 SMP - August 2019 PDF 4355KB
https://www.rba.gov.au/publications/smp/2019/aug/pdf/statement-on-monetary-policy-2019-08.pdf

Economic Outlook

9 Aug 2019 SMP – August 2019
The domestic forecasts are conditioned on the technical assumption that the cash rate moves in line with market pricing. ... This compares with market pricing for an ongoing cash rate at around 1 per cent at the time of the May.
https://www.rba.gov.au/publications/smp/2019/aug/economic-outlook.html

Domestic Financial Markets

10 Feb 2012 SMP – February 2012
Overnight index swap (OIS) rates now indicate an expectation that the Reserve Bank will reduce the cash rate to around 3 per cent later in the year. ... Most bank and non-bank lenders lowered their variable housing loan indicator rates in line with the
https://www.rba.gov.au/publications/smp/2012/feb/dom-fin-mkts.html

Domestic Financial Markets

27 Nov 2015 SMP – November 2015
The Reserve Bank Board has maintained the cash rate target at 2 per cent since May. ... Rates on overnight indexed swaps (OIS) indicate that a reduction in the cash rate target is expected sometime in the first half of 2016 (Graph 4.1).
https://www.rba.gov.au/publications/smp/2015/nov/04-domestic-financial-markets.html

Domestic Economic Conditions

6 Feb 2020 SMP – February 2020
middle-income tax offset payments in that quarter and by lower interest payments from the recent reductions in the cash rate. ... The slight decline in recent months reflects a noticeable fall in the unemployment rate for females.
https://www.rba.gov.au/publications/smp/2020/feb/domestic-economic-conditions.html

Domestic Economic Conditions

6 Feb 2020 SMP - February 2020 PDF 583KB
https://www.rba.gov.au/publications/smp/2020/feb/pdf/02-domestic-economic-conditions.pdf