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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Prudential Supervision | Conference – 1991
21 Jun 1991
Conferences
In the regulated interest rate environment where credit allocation was achieved through rationing, banks could pick and choose from a queue of potential borrowers. ... Initially, the rate of foreign bank entry would need to be carefully managed.
https://www.rba.gov.au/publications/confs/1991/thompson.html
What the Campbell Committee Expected | Conference – 1991
21 Jun 1991
Conferences
which arose from:. the ceilings on interest rates which prevented interest rate competition by the banks;. ... When the authorities are fixing the exchange rate, equation (1) determines domestic interest rates.
https://www.rba.gov.au/publications/confs/1991/valentine.html
Designing Inflation Targets | Conference – 1997
21 Jul 1997
Conferences
But we first need a baseline rate of inflation around which to conduct this counterfactual experiment. ... and. where y. t. denotes real output, i. t. the nominal interest rate, u.
https://www.rba.gov.au/publications/confs/1997/haldane.html
Inflation and Disinflation in Australia: 1950–91 | Conference – 1992
31 Dec 1950
Conferences
A non-accommodative monetary policy will ensure that interest rates rise, which both reduces domestic demand and switches some of it towards foreign-produced goods by increasing the exchange rate. ... The exchange rate was devalued in September 1974, and
https://www.rba.gov.au/publications/confs/1992/stevens.html
The Role of the Exchange Rate in Monetary Policy – the Experience of Other Countries | Conference – 1993
12 Jul 1993
Conferences
If the exchange rate appreciates, interest rates can fall, consistent with an unchanged inflationary pressure. ... If the exchange rate depreciates, then interest rates must be raised to preserve the same counter-inflationary stance of policy.
https://www.rba.gov.au/publications/confs/1993/artis.html
Changes in the Behaviour of Banks and Their Implications for Financial Aggregates | Conference – 1989
20 Jun 1989
Conferences
These restrictions effectively barred access to wholesale deposits. Even more importantly, savings banks were restricted in setting deposit rates by the continued regulation of the housing loan rate. ... 1970. March. –. Savings bank deposit rates could
https://www.rba.gov.au/publications/confs/1989/battellino-mcmillan.html
Discussion on Inflation Targeting and Japan: Why has the Bank of Japan not Adopted Inflation Targeting? | Conference – 2004
9 Aug 2004
Conferences
My remarks concern the main thesis, monetary and fiscal policy at a zero overnight interest rate, and abstaining from inflation targeting. ... In effect, when the Bank of Japan set the overnight rate at zero, it gave the Ministry a printing press.
https://www.rba.gov.au/publications/confs/2004/ito-disc.html
Banks, Markets and Liquidity | Conference – 2007
20 Aug 2007
Conferences
One way to organise the provision of insurance is through the exchange of interbank deposits. ... The result is that all the interbank deposits disappear and no one gets any additional liquidity.
https://www.rba.gov.au/publications/confs/2007/allen-carletti.html
Regulating the New Financial Markets | Conference – 1996
9 Jul 1996
Conferences
cashflows from specific assets into marketable securities (‘securitisation’) and, above all, the proliferation of derivative products (futures, options, swaps, forward rate agreements and related hedging instruments). ... several emerging markets –
https://www.rba.gov.au/publications/confs/1996/dale.html
The Australian Economic ‘Miracle’: A View from the North | Conference – 2000
24 Jul 2000
Conferences
That invites the alternative hypothesis that perhaps the natural rate itself has risen. ... interest rate; and the term structure of nominal interest rates (R.
https://www.rba.gov.au/publications/confs/2000/bean.html