Search: cash rate explained
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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Review of the Bond Purchase Program
9 Mar 2023
including cuts to the cash rate target, three-year yield target and Term Funding Facility (TFF) rates to 0.1 per cent. ... However, the maturities of affected interest rates will be different compared with a conventional policy easing via the cash rate.
https://www.rba.gov.au/monetary-policy/reviews/bond-purchase-program/index.html
Credit Spreads, Monetary Policy and the Price Puzzle
23 Jan 2020
RDP
PDF
1959KB
as indicated by low risk premia in lending and money market rates) by raising the cash rate over. ... premia in large business lending rates is met by an 8 basis point cut to the cash rate.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-01.pdf
Why Do Companies Hold Cash?
1 May 2016
RDP
2016-03
This is our main focus; we leave a more detailed exploration of the links between monetary policy, interest rates and corporate cash to future research. ... The trend increase in the cash holdings of publicly listed companies can be largely explained by
https://www.rba.gov.au/publications/rdp/2016/2016-03/full.html
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Box A: Credit Card Indicators
22 Sep 2004
FSR
PDF
118KB
Another potentially useful indicator of household fi nancial stress is the rate of growth in credit card cash advances. ... Since then, however, the growth rate of aggregate cash advances has slowed, and the average amount drawn per account has stabilised
https://www.rba.gov.au/publications/fsr/2004/sep/pdf/box-a.pdf
The Reserve Bank's Domestic Market Operations
10 Jun 1985
Bulletin
– June 1985
As explained earlier, the dealers' operations straddle the cash and clearing house funds markets. ... The rediscount rate and the central bank loan rate are at the Bank's discretion and each incorporates a penalty above relevant market rates.
https://www.rba.gov.au/publications/bulletin/1985/jun/2.html
Small Business Conditions and Finance
23 Sep 2015
Conferences
PDF
4551KB
RBA Conference Volume 2015
https://www.rba.gov.au/publications/confs/2015/pdf/conf-vol-2015.pdf
Where's the Money? An Investigation into the Whereabouts and Uses of Australian Banknotes
1 Dec 2018
RDP
2018-12
While we believe that the loss rates of paper banknotes serves as a reasonable indicator for the loss rate of polymer banknotes, there are some important reasons why they may differ. ... Thus, broadly speaking, only the transactional stock of banknotes
https://www.rba.gov.au/publications/rdp/2018/2018-12/full.html
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Reserve Bank of Australia Annual Report 2021
29 Sep 2022
RBA Annual Report
2021
PDF
6721KB
https://www.rba.gov.au/publications/annual-reports/rba/2021/pdf/2021-report.pdf
The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets
14 Feb 2020
RDP
PDF
1878KB
The. variation in price responses across regions also suggests that reductions in the cash rate increase. ... tcr represents the quarterly percentage point change in the cash rate target.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-02.pdf
Semi-Annual Statement on Monetary Policy
10 May 1998
Bulletin
– May 1998
At 5.6 per cent, the yield on 10-year US bonds is barely above the US cash rate – i.e. ... This is because arbitrage by market participants works to ensure that three-month interest rates reflect the expected average cash rate over that period.
https://www.rba.gov.au/publications/bulletin/1998/may/2.html