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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Inflation Targeting in New Zealand: An Experience in Evolution | Conference – 2018
12 Apr 2018
Conferences
Other secondary considerations (stability of output, interest rates and the exchange rate) have remained. ... The RBNZ recognised this, and we replaced the MCI with the Official Cash Rate (OCR) as the instrument of monetary policy in March 1999.
https://www.rba.gov.au/publications/confs/2018/mcdermott-williams.html
Discussion on The Evolution of Monetary Policy: From Money Targets to Inflation Targets | Conference – 1997
21 Jul 1997
Conferences
Figure 3 shows four-quarter moving averages of the real cash rate both on the RBA method and using contemporaneous quarterly deflation.) One wonders what the monetary policy-makers thought they ... This is one of the reasons why the Bank made such heavy
https://www.rba.gov.au/publications/confs/1997/hughes-disc.html
Discussion | Conference – 1990
21 Jun 1990
Conferences
But what of policy-initiated adjustments to the nominal or real exchange rate? ... If nothing else does this, changes in the real exchange rate, resulting from either nominal exchange rate changes or differential inflation rates, will do it.
https://www.rba.gov.au/publications/confs/1990/tease-disc.html
On the Economics of Committed Liquidity Facilities | Conference – 2013
19 Aug 2013
Conferences
When there is no LCR requirement, equilibrium interest rates satisfy:. When there is no liquidity regulation, the short-term, risk-free interest rate equals the midpoint of the central bank's ... T]his outcome would also significantly affect the ability
https://www.rba.gov.au/publications/confs/2013/bech-keister.html
Risk and the Transformation of the Australian Financial System | Conference – 2007
20 Aug 2007
Conferences
The banks responded to this competition by reducing the spread between their standard variable home loan rates and the cash rate by about 3 percentage points between 1993 and 1997. ... Whereas the banks' standard home loan indicator rates have moved in
https://www.rba.gov.au/publications/confs/2007/ryan-thompson.html
The Lessons for Monetary Policy | Conference – 1991
21 Jun 1991
Conferences
It shows that throughout the period our short and long rates were higher than in G7 countries, which is not surprising since our inflation rate was higher. ... In fact, most of the easing had occurred well before the share market crash (the cash rate
https://www.rba.gov.au/publications/confs/1991/macfarlane.html
Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough? | Conference – 2003
18 Aug 2003
Conferences
the exchange rate – seen as a monetary variable – boosts demand in the same way as does a reduction in nominal interest rates. ... In such a world, excess debt accumulation and levels of demand above the natural rate will not immediately show up in
https://www.rba.gov.au/publications/confs/2003/bean.html
A Rebalancing Chinese Economy: Challenges and International Implications | Conference – 2016
18 Mar 2016
Conferences
To some extent, de facto interest rate deregulation since the late 2000s via rapid issuance of wealth management products with market-based interest rates may have offset the effect of regulated ... In the absence of reliable information about
https://www.rba.gov.au/publications/confs/2016/ma-roberts-kelly.html
Change and Constancy in the Financial System: Implications for Financial Distress and Policy | Conference – 2007
20 Aug 2007
Conferences
It permitted, for instance, the separation of the exchange rate and interest rate risks in a traditional loan or security through derivative instruments, such as exchange rate and interest rate swaps.
https://www.rba.gov.au/publications/confs/2007/borio.html
When the US Sneezes, Do We Need to Catch a Cold? Historical and Future Linkages between the Australian and US Business Cycles | Conference…
11 Jul 2005
Conferences
1960s. 1970s. 1980s. 1990s. 2000s. Mean. Cash rate. 6.18. 3.85. 6.85. ... Australian variable. Sup-Wald test. p-value. Likely break date. Conditional mean. Cash rate.
https://www.rba.gov.au/publications/confs/2005/crosby-bodman.html