Search: interbank overnight rate
RBA Glossary definition for interbank overnight rate
interbank overnight rate – The interbank overnight rate (also known as the cash rate) is the interest rate which banks pay or charge to borrow funds from or lend funds to other banks on an overnight unsecured basis. The Reserve Bank of Australia uses this rate as an operational target for the implementation of monetary policy. The Reserve Bank of Australia calculates and publishes this rate each day on the basis of data collected directly from banks. The interbank overnight rate has been published by the Reserve Bank of Australia since June 1998.
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International and Foreign Exchange Markets
10 Nov 2013
SMP
– November 2013
The ECB has noted that it is prepared to respond if the resulting decline in liquidity exerts unwanted upward pressure on interbank interest rates. ... of Turkey raised the rate it charges banks on overnight loans by 50 basis points in August.
https://www.rba.gov.au/publications/smp/2013/nov/intl-fx-mkts.html
Box B: Recent Developments in Foreign Exchange Markets
8 May 2020
SMP
– May 2020
For example, the basis derived from interbank rates on 3-month foreign exchange swaps in which Japanese yen were swapped for US dollars (i.e., where yen served as collateral for ... those that are derived from overnight indexed swap markets (therefore
https://www.rba.gov.au/publications/smp/2020/may/box-b-recent-developments-in-foreign-exchange-markets.html
International and Foreign Exchange Markets
10 Nov 2007
SMP
– November 2007
These pressures on liquidity in the interbank funding markets saw interest rates in short-term money markets spike higher (Graph 18). ... Spreads between the London Interbank Offered Rate (LIBOR) and the expected fed funds rate rose by over 80 basis
https://www.rba.gov.au/publications/smp/2007/nov/intl-fx-mkts.html
Domestic Financial Markets
10 Nov 2016
SMP
– November 2016
Rates on overnight indexed swaps (OIS) imply some chance of a further reduction in the cash rate over the year ahead (Graph 4.1). ... The unsecured interbank overnight interest rate – the cash rate – has continued to trade at the Reserve Bank's target
https://www.rba.gov.au/publications/smp/2016/nov/domestic-financial-markets.html
Domestic Financial Markets
15 May 2017
SMP
– May 2017
Rates on overnight indexed swaps (OIS) suggest that the cash rate is likely to remain unchanged over the remainder of this year (Graph 4.1). ... In particular, the unsecured interbank overnight interest rate – the cash rate – has continued to trade
https://www.rba.gov.au/publications/smp/2017/may/domestic-financial-markets.html
Domestic Financial Markets
15 Feb 2017
SMP
– February 2017
Rates on overnight indexed swaps (OIS) imply that markets expect the cash rate to remain unchanged over the course of this year (Graph 4.1). ... The unsecured interbank overnight interest rate – the cash rate – has continued to trade at the Reserve
https://www.rba.gov.au/publications/smp/2017/feb/domestic-financial-markets.html
Statement on Monetary Policy
23 Dec 2020
SMP
- November 2020
PDF
4697KB
https://www.rba.gov.au/publications/smp/2020/nov/pdf/statement-on-monetary-policy-2020-11.pdf
Domestic Financial Markets
10 Feb 2020
SMP
- May 2017
PDF
2431KB
https://www.rba.gov.au/publications/smp/2017/may/pdf/04-domestic-financial-markets.pdf
Statement on Monetary Policy - August 2012
15 Aug 2012
SMP
- August 2012
PDF
1879KB
https://www.rba.gov.au/publications/smp/2012/aug/pdf/0812.pdf
International and Foreign Exchange Markets
10 May 2014
SMP
– May 2014
The decline in the ECB's balance sheet has seen excess liquidity fall to around 100 billon, which has pushed the overnight interbank rate towards the main policy rate, after trading ... Pricing of interest rate swaps imply that market participants expect
https://www.rba.gov.au/publications/smp/2014/may/intl-fx-mkts.html