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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Introduction | Conference – 2012
20 Aug 2012
Conferences
Prior to two cash rate rises over November and December 2003, the Bank was engaged in an extensive dialogue with the public on the dangers of an overheating housing market for ... helped ease the burden of interest rate repayments in the recent crisis
https://www.rba.gov.au/publications/confs/2012/intro-2012.html
Changes in the Behaviour of Banks and Their Implications for Financial Aggregates | Conference – 1989
20 Jun 1989
Conferences
These restrictions effectively barred access to wholesale deposits. Even more importantly, savings banks were restricted in setting deposit rates by the continued regulation of the housing loan rate. ... 1970. March. –. Savings bank deposit rates could
https://www.rba.gov.au/publications/confs/1989/battellino-mcmillan.html
Australia's Prosperous 2000s: Housing and the Mining Boom | Conference – 2011
24 Jul 2000
Conferences
The cash rate reached 7.25 per cent in early 2008, its highest level in over a decade. ... Not surprisingly, there was a long upswing in the cash rate running from 2002 to 2008, with monetary policy becoming restrictive in 2006 (Figure 11).
https://www.rba.gov.au/publications/confs/2011/kearns-lowe.html
Discussion | Conference – 2018
12 Apr 2018
Conferences
The paper recursively estimates loadings of real gross domestic product (GDP), CPI inflation, and the overnight cash rate (OCR) on the factors, and finds that they stabilise over time rather than ... In an ideal world, central banks should be moving
https://www.rba.gov.au/publications/confs/2018/hartigan-morley-disc.html
Strategies for Controlling Inflation | Conference – 1997
21 Jul 1997
Conferences
Given conventional estimates of the interest elasticity of money and the real interest rate when inflation is zero, this cost is quite low for inflation rates less than 10 per cent, ... In contrast, the typical fixed or pegged exchange-rate regime does
https://www.rba.gov.au/publications/confs/1997/mishkin.html
Table 5 in Finance and Welfare States in Globalising Markets | Conference – 2007
20 Aug 2007
Conferences
Table 5: Housing Loans. Interest margin Spread to cash rate,. basis points.
https://www.rba.gov.au/publications/confs/2007/ryan-thompson-table-5.html
The Rise in US Household Indebtedness: Causes and Consequences | Conference – 2007
20 Aug 2007
Conferences
Thus, the average interest rate on household debt responds gradually to shifts in market rates. ... Sub-prime delinquency rates fell to multi-year lows in mid 2005 amid a robust housing market but then began to rise, particularly those for variable-rate
https://www.rba.gov.au/publications/confs/2007/dynan-kohn.html
Restructuring and Reform: China 2016 | Conference – 2016
18 Mar 2016
Conferences
Certainly we would expect the growth rate of investment to drop dramatically and the composition of investment to change. ... than the 9.5 per cent growth rate of all service sector firms’ (trans by author).
https://www.rba.gov.au/publications/confs/2016/naughton.html
Regulatory Policy Issues in Australia | Conference – 1996
9 Jul 1996
Conferences
The main example would be cash management trusts (introduced in 1981); another is some Approved Deposit Funds which have certain characteristics similar to term deposits. ... Banking system insolvency is caused by a banking panic, an event in which bank
https://www.rba.gov.au/publications/confs/1996/thompson.html
Discussion | Conference – 2018
12 Apr 2018
Conferences
My guess is that it's quite hard to get far below zero nominal rates: even if you got rid of cash, the financial markets would develop alternative deposits which would ... The tentative experience so far suggests that negative interest rates mainly work
https://www.rba.gov.au/publications/confs/2018/mckibbin-panton-disc.html