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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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
When is a Housing Market Overheated Enough to Threaten Stability?
10 Dec 2012
Conferences
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1043KB
RBA Conference Volume 2012
https://www.rba.gov.au/publications/confs/2012/pdf/muellbauer.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
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
Evaluating Simple Monetary-policy Rules for Australia
7 Dec 2006
Conferences
PDF
156KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/de-brouwer-oregan.pdf
Central Bank Liquidity Provision and Core Funding Markets | Conference – 2013
19 Aug 2013
Conferences
The search for yield in an environment of ‘low for long’ interest rates contributed to the demand for, and creation of, a range of complex structured products. ... Securities lending. While relatively small in size, securities lending markets
https://www.rba.gov.au/publications/confs/2013/johnson-santor.html
Financial Flows and Infrastructure Financing
27 Jul 2014
Conferences
PDF
3397KB
RBA Conference Volume 2014
https://www.rba.gov.au/publications/confs/2014/pdf/conf-vol-2014.pdf
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
Explaining Global Market Turmoil: A Fresh Perspective on its Origins and Nature | Conference – 1999
9 Aug 1999
Conferences
These include trade deficits, cumulated current account deficits, inflation differentials, interest rate differentials, safe-haven differentials, non-monetary policy differentials, etc. ... This is because life was very simple during the Bretton Woods
https://www.rba.gov.au/publications/confs/1999/brock.html
Money and Finance | Conference – 1990
21 Jun 1990
Conferences
market. prices. open market. operations. cash rate. other interest. rates. exchange rate. ... In this case, the cash rate would have to continue at its new level for some time in order to induce a change in other bank interest rates.
https://www.rba.gov.au/publications/confs/1990/milbourne.html