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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 – 2017

16 Mar 2017 Conferences
The participant argued that, globally, low interest rates could weaken the exchange rate channel of monetary policy due to a squeeze of interest rate differentials. ... In response, Dr Hofmann explained that the paper focused exclusively on domestic
https://www.rba.gov.au/publications/confs/2017/borio-hofmann-disc.html

The Determinants of Long-Run Growth | Conference – 1995

10 Jul 1995 Conferences
Steve Dowrick
Much of the difference between Asian and European growth rates can also be explained as the consequence of being at different stages of development. ... Much of the variation in growth rates in Asia and the OECD can be explained by the simple model of
https://www.rba.gov.au/publications/confs/1995/dowrick.html

News and Interest Rate Expectations: A Study of Six Central Banks | Conference – 2004

9 Aug 2004 Conferences
Ellis Connolly and Marion Kohler
We measure these using changes in daily implied interest rates from 90-day interest rate futures, Δf. ... cash rate increase of 10 basis points (Figure 1).
https://www.rba.gov.au/publications/confs/2004/connolly-kohler.html

A Rebalancing Chinese Economy: Challenges and International Implications | Conference – 2016

18 Mar 2016 Conferences
Guonan Ma, Ivan Roberts and Gerard Kelly
Modigliani and Cao (2004) argue that the observed household saving rate can be explained by a life-cycle model featuring dissaving in early life, positive saving in working years and dissaving ... To some extent, de facto interest rate deregulation since
https://www.rba.gov.au/publications/confs/2016/ma-roberts-kelly.html

Property Prices and Bank Risk-taking | Conference – 2012

20 Aug 2012 Conferences
Giovanni Dell'Ariccia
Thus, rising prices helped interest rates remain low along the entire mortgage production chain. ... States) in the short run if banks are overexposed to interest rate risk.
https://www.rba.gov.au/publications/confs/2012/dellariccia.html

Capital Flows, Hedge Funds and Market Failure: A Hong Kong Perspective | Conference – 1999

9 Aug 1999 Conferences
Joseph CK Yam
Some critics have cited the choice of exchange rate regime as a source of the problem. ... Second, the hedge funds built up short positions in the cash and futures equity markets.
https://www.rba.gov.au/publications/confs/1999/yam.html

Determinants of Agricultural and Mineral Commodity Prices | Conference – 2009

17 Aug 2009 Conferences
Jeffrey A Frankel and Andrew K Rose
The expected rate of return to these two alternatives must be the same:. ... Volatility. Spot-futures spread. Inventories. Real interest rate. Risk. Hypothesised sign on coefficient. /.
https://www.rba.gov.au/publications/confs/2009/frankel-rose.html

Academic Views of Capital Flows: An Expanding Universe | Conference – 1999

9 Aug 1999 Conferences
Michael P Dooley and Carl E Walsh
Because the exchange rate regime ends when reserves go to zero, subsequent deficits are financed by money creation. ... Finally, there is an exogenous riskless rate of return that the net return on land must equal.
https://www.rba.gov.au/publications/confs/1999/dooley-walsh.html

Explaining Global Market Turmoil: A Fresh Perspective on its Origins and Nature

7 Dec 2006 Conferences PDF 37KB
RBA Conference Volume 1999
https://www.rba.gov.au/publications/confs/1999/pdf/brock.pdf

The Australian Financial System in the 2000s: Dodging the Bullet

13 Dec 2011 Conferences PDF 1104KB
RBA Conference Volume 2011
https://www.rba.gov.au/publications/confs/2011/pdf/davis.pdf