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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Bank Deregulation in Australia: Choice and Diversity, Gainers and Losers | Conference – 1991
21 Jun 1991
Conferences
These rates were generally higher than they needed to be because of the impact of interest rate ceilings in controlled segments of the market. ... Moreover, interest rates and the exchange rate moved relatively infrequently and only in response to
https://www.rba.gov.au/publications/confs/1991/harper.html
Evaluating Simple Monetary-policy Rules for Australia | Conference – 1997
21 Jul 1997
Conferences
A number of simple interest-rate feedback rules have been proposed to assist in setting the overnight interest rate. ... The appreciation of the nominal exchange rate induced by higher local interest rates also directly lowers inflation by reducing the
https://www.rba.gov.au/publications/confs/1997/de-brouwer-oregan.html
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 Transmission of Monetary Policy through Banks' Balance Sheets | Conference – 2018
12 Apr 2018
Conferences
risk that future short-term interest rates will not turn out as expected (interest rate risk). ... The effect of the cash rate on provisioning rates may diminish at low interest rates.
https://www.rba.gov.au/publications/confs/2018/brassil-cheshire-muscatello.html
Is Monetary Policy Less Effective When Interest Rates Are Persistently Low? | Conference – 2017
16 Mar 2017
Conferences
This is because banks are reluctant to reduce deposit rates below zero, even when the policy rate crosses that barrier. ... The overall picture is that the measures have been effective in easing monetary conditions by lowering interbank rates, bond
https://www.rba.gov.au/publications/confs/2017/borio-hofmann.html
Regulatory Policy Issues in Australia | Conference – 1996
9 Jul 1996
Conferences
Introduction of real-time gross settlement for high-value interbank payments from 1997 will reduce the risk of instability flowing through the payments system.
https://www.rba.gov.au/publications/confs/1996/thompson.html
Reforming the International Financial Architecture: Limiting Moral Hazard and Containing Real Hazard | Conference – 1999
9 Aug 1999
Conferences
Gross private capital flows (which exclude foreign direct investment and non-syndicated interbank lending) rise to an exceptionally sharp peak in the summer of 1997, reaching an annualised rate of US$400 ... Concerning the international interbank flows,
https://www.rba.gov.au/publications/confs/1999/mussa.html
Introduction | Conference – 1997
21 Jul 1997
Conferences
the instrument is the overnight interest rate. ... One interesting feature of this approach, and of the simple interest-rate rules, is that it generates considerably greater variability in short-term official interest rates than has been seen in
https://www.rba.gov.au/publications/confs/1997/intro-97.html
Twenty-five Years of Inflation Targeting in Australia | Conference – 2018
12 Apr 2018
Conferences
underlying inflation is calculated using the Treasury underlying rate of inflation in the 1973–93 period and trimmed mean inflation for subsequent periods; standard deviations are calculated from quarterly growth rates ... for the GDP and price series,
https://www.rba.gov.au/publications/confs/2018/debelle.html
Promoting Liquidity: Why and How? | Conference – 2008
14 Jul 2008
Conferences
This partly reflected the fact that interest rate derivatives were still evolving reasonably quickly and there was considerable innovation. ... A basic function of a central bank is to manage the supply of settlement balances or reserves to ensure that
https://www.rba.gov.au/publications/confs/2008/kearns-lowe.html