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 Cash Market
15 Dec 2016
Bulletin
– December 2016
The cash market is the market for unsecured, overnight loans between banks. The weighted average of interest rates on these loans is the cash rate, the Reserve Bank's operational target for monetary policy and an important financial benchmark. Over
https://www.rba.gov.au/publications/bulletin/2016/dec/4.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
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
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
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
Extracting Information from Financial Market Instruments
10 Mar 2012
Bulletin
– March 2012
The cash rate is the rate on unsecured loans in the overnight interbank market, which is the Reserve Bank's (RBA) operational target for monetary policy. ... in the overnight interbank market.
https://www.rba.gov.au/publications/bulletin/2012/mar/6.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
Appendix A: Details of the VAR
29 May 2017
RDP
2017-02
Overnight cash rate: Overnight cash rate, averaged over the quarter. Nominal official cash rate until June 1998, and then the interbank overnight rate (RBA statistical table F1.1 Interest Rates and ... Our estimates are not sensitive to whether we order
https://www.rba.gov.au/publications/rdp/2017/2017-02/appendix-a.html
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The Reserve Bank's Collateral Framework
7 Dec 2017
Bulletin
– December 2017
The Reserve Bank, like other central banks, holds collateral to reduce the risk of financial loss in its domestic market operations. The Reserve Bank's collateral framework sets out how the diverse portfolio of collateral assets is managed and
https://www.rba.gov.au/publications/bulletin/2017/dec/2.html
The Role of Collateral in Borrowing
20 Jan 2021
RDP
2021-01
Heightened demand for high-quality collateral is evident from the interest rate differential on collateralised loans across collateral types – rates for first-best collateral fall market-wide by over 100 basis ... In the unsecured market, the overnight
https://www.rba.gov.au/publications/rdp/2021/2021-01/full.html
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