Search: interbank overnight rate
RBA Glossary definition for interbank overnight rate
interbank overnight rate – The interbank overnight rate (also known as the cash rate) is the interest rate which banks pay or charge to borrow funds from or lend funds to other banks on an overnight unsecured basis. The Reserve Bank of Australia uses this rate as an operational target for the implementation of monetary policy. The Reserve Bank of Australia calculates and publishes this rate each day on the basis of data collected directly from banks. The interbank overnight rate has been published by the Reserve Bank of Australia since June 1998.
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The Impact of Unconventional Monetary Policy on the Overnight Interbank Market | Conference – 2013
19 Aug 2013
Conferences
That is, the substantial increase in excess reserves drove overnight interbank rates towards the rate at which the central bank remunerates reserves, namely the floor of the corridor. ... Therefore, the equilibrium overnight rate satisfies:. That is,. is
https://www.rba.gov.au/publications/confs/2013/bech-monnet.html
Box D: Interbank Reference Rates
10 Aug 2012
SMP
– August 2012
Many financial contracts, including those governing derivatives and debt securities, reference interbank interest rates. ... In contrast, overnight reference rates are usually compiled by the central bank as a weighted average of rates transacted within
https://www.rba.gov.au/publications/smp/2012/aug/box-d.html
Discussion on The Impact of Unconventional Monetary Policy on the Overnight Interbank Market | Conference – 2013
19 Aug 2013
Conferences
However, the competitive market clearing condition yields a single overnight rate, which implies that the model is silent about the volatility of overnight rates. ... The model considers how unconventional monetary policy affects interbank interest rates,
https://www.rba.gov.au/publications/confs/2013/bech-monnet-disc.html
Discussion of The Impact of Unconventional Monetary Policy on the Overnight Interbank Market
19 Dec 2013
Conferences
PDF
91KB
RBA Conference Volume 2013
https://www.rba.gov.au/publications/confs/2013/pdf/bech-monnet-disc.pdf
Recent Developments in Federal Reserve System Liquidity and Reserve Operations | Conference – 2008
14 Jul 2008
Conferences
Dislocations in these bank term funding markets spilled over into the overnight interbank funding market as well. ... Nonetheless, despite the elevated levels of intraday and interday rate volatility, the overnight rate – when averaged over longer
https://www.rba.gov.au/publications/confs/2008/hilton.html
The Impact of Unconventional Monetary Policy on the Overnight Interbank Market
19 Dec 2013
Conferences
PDF
1219KB
RBA Conference Volume 2013
https://www.rba.gov.au/publications/confs/2013/pdf/bech-monnet.pdf
Box D: Bank Bill Swap Benchmark Rates
10 Nov 2013
SMP
– November 2013
Findings by the authorities in the United Kingdom, the United States and elsewhere that certain interbank reference rates had been subject to attempted manipulation have prompted reference rate administrators and ... These rates, along with the overnight
https://www.rba.gov.au/publications/smp/2013/nov/box-d.html
Box D: Interbank Reference Rates
9 Aug 2012
SMP
– August 2012
PDF
87KB
https://www.rba.gov.au/publications/smp/2012/aug/pdf/box-d.pdf
Recent Developments in Federal Reserve System Liquidity and Reserve Operations
22 Oct 2008
Conferences
PDF
168KB
RBA Conference Volume 2008
https://www.rba.gov.au/publications/confs/2008/pdf/hilton.pdf
Domestic Financial Conditions
5 Nov 2020
SMP
– November 2020
14). The rates on 3-month bank bills (BBSW) have recently edged lower to be around 3 basis points, broadly in line with the overnight indexed swap rate (OIS). ... Graph 4.22. Table 4.1: Average Outstanding Housing Rates. September 2020. Interest rate.
https://www.rba.gov.au/publications/smp/2020/nov/domestic-financial-conditions.html