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 Evolution of Financial Deregulation | Conference – 1991
21 Jun 1991
Conferences
meant that even with the interest differential between market rates and the SRD rate rising, the implicit tax of SRD holdings did not increase);. ... The proximate operating objective became the cash rate, and the link between this and commercial rates
https://www.rba.gov.au/publications/confs/1991/grenville.html
The Australian Financial System in the 1990s | Conference – 2000
21 Jun 1990
Conferences
The most compelling example is provided by the market for residential mortgages, where the margin between the standard mortgage rate and the cash rate fell from a historically high 4 percentage ... When interest rates fell in 1990 and 1991, many of the
https://www.rba.gov.au/publications/confs/2000/gizycki-lowe.html
Regulatory Competition and the “Generic” Financial-Services Firm | Conference – 1991
21 Jun 1991
Conferences
This compensation can be either explicit or implicit. Explicit interest accrues in funds and is calculated straightforwardly on a cash-over-cash basis. ... Implicit interest accrues in the form of non-cash services such as transactions execution, lending
https://www.rba.gov.au/publications/confs/1991/kane.html
Discussion | Conference – 2018
12 Apr 2018
Conferences
the overnight cash rate – affects inflation. ... In particular, it is not only the current interest rate that matters for aggregate demand, but rather the entire future sequence of one-period interest rates.
https://www.rba.gov.au/publications/confs/2018/archer-levin-disc.html
Financial System Liquidity, Asset Prices and Monetary Policy | Conference – 2005
11 Jul 2005
Conferences
i. of cash, and holds v(e. i. s. i. ) worth of property. ... The orthodox view of monetary policy is that, although the central bank generally directly controls only the overnight interest rate, it can nevertheless manipulate long-term interest rates
https://www.rba.gov.au/publications/confs/2005/shin.html
Discussion | Conference – 2018
12 Apr 2018
Conferences
Monetary policy in Australia affects not only the cash rate (or the policy rate) but numerous other interest rates in the economy, and these interest rates in turn affect the aggregate ... indirectly, how changes in the cash rate affect two key interest
https://www.rba.gov.au/publications/confs/2018/brassil-cheshire-muscatello-disc.html
Internationalisation and the Macroeconomy | Conference – 1994
11 Jul 1994
Conferences
3.24). 15.20. (1.91). 9.75. (1.11). Real cash rate. (b). 0.027. {0.00}. ... b) The mean coefficient is reported for the real cash rate, the Southern Oscillation Index, the terms of trade and the real TWI to summarise the coefficients on these variables.
https://www.rba.gov.au/publications/confs/1994/gruen-shuetrim.html
Taming the Real Estate Beast: The Effects of Monetary and Macroprudential Policies on Housing Prices and Credit | Conference – 2012
20 Aug 2012
Conferences
Most of the short-term interest rate series, i. s. , are the money market interest rates from the IFS database. ... These short-term interest rates tend to move closely with the policy rate, while long-term lending rates may only indirectly reflect
https://www.rba.gov.au/publications/confs/2012/kuttner-shim.html
Competition: Profitability and Margins | Conference – 1991
21 Jun 1991
Conferences
Banks have responded on two fronts. They have argued that interest rate margins in 1989 (when cash rates got to 18 per cent while mortgage rates were 17 per cent) were ... rates. The deregulation which probably had the greatest impact on the aggregate
https://www.rba.gov.au/publications/confs/1991/phelps.html
Three Australian Asset-price Bubbles | Conference – 2003
18 Aug 2003
Conferences
Instead, assumptions about future dividend growth and interest rates need to be made. ... Furthermore, the low rental yields combined with high leverage meant that speculators were experiencing increasing cash flow problems.
https://www.rba.gov.au/publications/confs/2003/simon.html