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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Mortgage Prepayment and Path-Dependent Effects of Monetary Policy∗ David ...
20 Nov 2018
Research Workshop
PDF
691KB
evolutionof the rate gap distribution is driven by all prepayment including rate, cash-out and purchase prepay-ment. ... This unusual increase in refinancing above and beyond what can be explained by the behaviorof mortgage rates coincides exactly with
https://www.rba.gov.au/publications/workshops/research/2018/pdf/rba-workshop-2018-berger.pdf
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
Three Australian Asset-price Bubbles
27 Nov 2006
Conferences
PDF
264KB
RBA Conference Volume 2003
https://www.rba.gov.au/publications/confs/2003/pdf/simon.pdf
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
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
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
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
Heterogeneous Global Cycles ∗ Maryam Farboodi MIT Péter Kondor ...
2 Dec 2018
Research Workshop
PDF
3705KB
Proposition 1 [International Rates]. (i) If θ = H, there is a single common prevailing interest rate, rH. ... different interest rates. The red line (upper line) corresponds to the demand at zero interest rate,.
https://www.rba.gov.au/publications/workshops/research/2018/pdf/rba-workshop-2018-farboodi.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
Finance and Public-Private Partnerships
27 Jul 2014
Conferences
PDF
297KB
RBA Conference Volume 2014
https://www.rba.gov.au/publications/confs/2014/pdf/engel-fischer-galetovic.pdf