Search: Cash Rate
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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The Smoothing of Official Interest Rates
7 Dec 2006
Conferences
PDF
190KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/lowe-ellis.pdf
Risk Management
27 Oct 2022
RBA Annual Report
– October 2022
Historically, this interest cost has been broadly offset by interest earnings on the domestic asset portfolio, which was mostly comprised of short-term repos earning close to the overnight cash rate. ... problems related to publishing the cash rate.
https://www.rba.gov.au/publications/annual-reports/rba/2022/risk-management.html
Is Monetary Policy Less Effective When Interest Rates Are Persistently Low? | Conference – 2017
16 Mar 2017
Conferences
This is because banks are reluctant to reduce deposit rates below zero, even when the policy rate crosses that barrier. ... In more general settings, interest rates may also affect consumption by influencing income or cash flows and through wealth effects
https://www.rba.gov.au/publications/confs/2017/borio-hofmann.html
Central Bank Frameworks: Evolution or Revolution?
4 Jan 2023
Conferences
PDF
7522KB
RBA Conference Volume 2018
https://www.rba.gov.au/publications/confs/2018/pdf/rba-conference-volume-2018.pdf
Reserve Bank of Australia Annual Report 2023
1 May 2024
RBA Annual Report
- 2023
PDF
9575KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/rba-annual-report-2023.pdf
Banknotes
21 Oct 2021
RBA Annual Report
– 2021
Sources: RBA. The Bank also surveyed retail businesses about their acceptance of cash. ... However, there is limited access to cash in some regional and remote parts of Australia.
https://www.rba.gov.au/publications/annual-reports/rba/2021/banknotes.html
The Cost of Inflation in Australia | Conference – 1992
10 Jul 1992
Conferences
In addition, because housing loan interest costs are not deductible, and because nominal housing loan rates might rise in excess of the rate inflation due to the tax-adjusted Fisher effect ... Suppose borrowers and lenders face different marginal tax
https://www.rba.gov.au/publications/confs/1992/mctaggart.html
Twenty-five Years of Inflation Targeting in Australia | Conference – 2018
12 Apr 2018
Conferences
But inflation was still at its post-recession lows of 2 per cent when the RBA increased the cash rate by 275 basis points in three moves over the second half ... The fact that inflation was still high as these events unfolded did not constrain the
https://www.rba.gov.au/publications/confs/2018/debelle.html
Risk Management
16 Oct 2015
RBA Annual Report
– 2015
In contrast, securities with floating cash flows carry very little interest rate risk. ... Interest paid on these deposits reflects domestic short-term interest rates, effectively hedging part of the interest rate exposure of the domestic asset portfolio.
https://www.rba.gov.au/publications/annual-reports/rba/2015/risk-management.html
2.1 Annual Performance Statement for 2022/23
19 Oct 2023
RBA Annual Report
– October 2023
Annual Performance Statement for 2022/23 | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/annual-performance-statement.html