Search: cash rate explained
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 Australian Financial System in the 2000s: Dodging the Bullet | Conference – 2011
24 Jul 2000
Conferences
As Figure 2 also demonstrates, longer-term rates did not respond to the hikes in the cash rate, while Figure 3 illustrates how risk premia in business and corporate funding rates ... Thereafter, however, the spread remained relatively stable (at 180
https://www.rba.gov.au/publications/confs/2011/davis.html
Small Business Conditions and Finance
23 Sep 2015
Conferences
PDF
4551KB
RBA Conference Volume 2015
https://www.rba.gov.au/publications/confs/2015/pdf/conf-vol-2015.pdf
When is a Housing Market Overheated Enough to Threaten Stability? | Conference – 2012
20 Aug 2012
Conferences
The relevant interest rate will be the rate at which builders can borrow, which will be correlated with, but not identical to, mortgage interest rates. ... With proper controls for shifting access to credit, income growth expectations, interest rates and
https://www.rba.gov.au/publications/confs/2012/muellbauer.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
Major Influences on the Australian Dollar Exchange Rate | Conference – 1993
12 Jul 1993
Conferences
The Bank became a strong buyer of Australian dollars at this time, and cash rates were raised sharply again. ... These actions served to reverse most of the November depreciation, eventually permitting some easing of cash rates.
https://www.rba.gov.au/publications/confs/1993/blundell-wignall-fahrer-heath.html
The Evolving Structure of the Australian Financial System
7 Dec 2006
Conferences
PDF
118KB
RBA Conference Volume 1996
https://www.rba.gov.au/publications/confs/1996/pdf/edey-gray.pdf
Credibility, Flexibility and Renewal: The Evolution of Inflation Targeting in Canada | Conference – 2018
12 Apr 2018
Conferences
Canadian interest rates fell well below their American analogues, a previously unthinkable occurrence. ... where the imbalances themselves are being encouraged by a low interest rate environment’.
https://www.rba.gov.au/publications/confs/2018/carter-mendes-schembri.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
Major Influences on the Australian Dollar Exchange Rate
12 Feb 2007
Conferences
PDF
242KB
RBA Conference Volume 1993
https://www.rba.gov.au/publications/confs/1993/pdf/blundell-wignall-fahrer-heath.pdf
The Australian Economic 'Miracle': A View from the North
24 Nov 2006
Conferences
PDF
124KB
RBA Conference Volume 2000
https://www.rba.gov.au/publications/confs/2000/pdf/bean.pdf