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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Notes to and Forming Part of the Financials Statements
9 Aug 2023
RBA Annual Report
- 2022
PDF
284KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/notes.pdf
The Global Financial Environment
10 Sep 2014
FSR
– September 2014
Spreads on short-term interbank loans remain close to their lowest levels since 2007. ... Over the past six months, the RBNZ has also increased the overnight cash rate by one percentage point.
https://www.rba.gov.au/publications/fsr/2014/sep/global-fin-env.html
The Australian High-Value Payments System
19 Apr 2004
FSR
PDF
98KB
Interbank lending and borrowing are generally settled as cash transfers between banks in this way. ... The aggregate level of overnight balances is determined by the Reserve Bank through its open market operations.
https://www.rba.gov.au/publications/fsr/2004/mar/pdf/0304-1.pdf
The Economics of Shadow Banking | Conference – 2013
19 Aug 2013
Conferences
This has resulted in market segmentation and creates a wedge in money market rates because overnight rates for depository institutions cannot trade below the floor of the corridor, while the rates ... Thus the effective federal funds rate, which is
https://www.rba.gov.au/publications/confs/2013/singh.html
Appendix A: Emergency Liquidity Injection Policies in Europe and the United States
9 Oct 2019
RDP
2019-10
interest rate bid; the amount auctioned was calibrated to leave the outcome interest rate a certain level above the ‘deposit rate’ that the ECB pays banks on their overnight cash holdings. ... Over the same period the interest rate on the ECB's
https://www.rba.gov.au/publications/rdp/2019/2019-10/appendix-a.html
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The Cash Market in Australia
31 Jan 2006
RDP
PDF
245KB
The weighted average of these two rates is called the official cash rate. ... float" interest rate on this amount overnight - as it does on all uncleared payments.
https://www.rba.gov.au/publications/rdp/1992/pdf/rdp9214.pdf
Reserve Bank of Australia Annual Report 2023
18 Oct 2023
RBA Annual Report
- 2023
PDF
402KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/notes.pdf
Appendix B: Data Descriptions and Sources
31 Dec 2005
RDP
2005-06
Overnight cash rate (i): Overnight cash rate, averaged over the quarter. ... Nominal official cash rate until June 1998, and then the interbank overnight rate (Reserve Bank of Australia).
https://www.rba.gov.au/publications/rdp/2005/2005-06/appendix-b.html
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International and Foreign Exchange Markets
10 Feb 2014
SMP
– February 2014
The resulting decline in excess liquidity has contributed to a rise in interbank rates, with a marked spike over year-end and again in January (Graph 2.3). ... Liquidity in Chinese money markets has continued to tighten over recent months, with the
https://www.rba.gov.au/publications/smp/2014/feb/intl-fx-mkts.html
Operations in Financial Markets
21 Oct 2021
RBA Annual Report
– 2021
The Reserve Bank is the administrator of the cash rate, which is a significant financial benchmark referenced in overnight indexed swaps and the ASX's 30-day interbank cash rate futures ... the interest rate relevant to unsecured overnight funds for cash
https://www.rba.gov.au/publications/annual-reports/rba/2021/operations-in-financial-markets.html