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
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
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
3.3 Risk Management
19 Oct 2023
RBA Annual Report
– October 2023
Risk Management | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/risk-management.html
Operations in Financial Markets
24 Oct 2016
RBA Annual Report
– 2016
The cash rate is also a significant financial benchmark referenced in overnight indexed swaps and the ASX's 30-day interbank futures contract. ... Prior to May 2016, the Bank received submissions each day from ESA holders on their gross unsecured
https://www.rba.gov.au/publications/annual-reports/rba/2016/operations-in-financial-markets.html
Notes to and Forming Part of the Financial Statements
19 Oct 2023
RBA Annual Report
– October 2023
Interest rate risk is the exposure of the defined benefit obligations to adverse movements in interest rates. ... A decrease in interest rates will increase the present value of these obligations.
https://www.rba.gov.au/publications/annual-reports/rba/2023/financial-statements/notes.html
Risk Management
27 Oct 2022
RBA Annual Report
– October 2022
Interest paid on ES account balances, as well as deposits held by the Australian Government and its agencies, is based on an overnight rate that reflects the Banks monetary policy settings. ... Historically, this interest cost has been broadly offset by
https://www.rba.gov.au/publications/annual-reports/rba/2022/risk-management.html
2.2 Operations in Financial Markets
19 Oct 2023
RBA Annual Report
– October 2023
Operations in Financial Markets | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/operations-in-financial-markets.html
Notes to and Forming Part of the Financials Statements
27 Oct 2022
RBA Annual Report
– October 2022
Interest rate risk. is the exposure of the defined benefit obligations to adverse movements in interest rates. ... A decrease in interest rates will increase the present value of these obligations.
https://www.rba.gov.au/publications/annual-reports/rba/2022/financial-statements/notes.html
2.3 Banking and Payment Services
19 Oct 2023
RBA Annual Report
– October 2023
Banking and Payment Services | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/banking-and-payment-services.html