Search: cash rate target

Sort by: Relevance Date
21–30 of 1,662 search results for cash rate target

RBA Glossary definition for cash rate target

cash rate target – As in most developed countries, the stance of monetary policy in Australia is expressed in terms of a target for an overnight interest rate. The rate used by the Reserve Bank of Australia is the cash rate (also known as the interbank overnight rate). When the Reserve Bank Board decides that a change in monetary policy should occur, it specifies a new target for the cash rate. A decision to ease policy is reflected in a new lower target for the cash rate, while a decision to tighten policy is reflected in a higher target.

RBA Glossary definition for Cash Rate

Cash Rate – The interest rate which banks pay to borrow funds from other banks in the money market on an overnight basis. The cash rate is the Reserve Bank of Australia's operational target for the implementation of monetary policy. It is also an important financial benchmark in the Australian financial markets. It is used as the reference rate for Australian dollar Overnight Indexed Swaps (OIS) and the ASX 30 Day Interbank Cash Rate Futures. The Reserve Bank of Australia is the administrator of the cash rate. The cash rate is calculated as the weighted average interest rate on overnight unsecured loans between banks settled in the Reserve Bank Information and Transfer System (RITS). The Cash Rate is also known by the acronym AONIA in financial markets.

Search Results

Domestic Financial Conditions

4 Aug 2023 SMP – August 2023
Domestic Financial Conditions | Statement on Monetary Policy – August 2023
https://www.rba.gov.au/publications/smp/2023/aug/domestic-financial-conditions.html

Domestic Financial Conditions

10 Feb 2023 SMP – February 2023
The cash rate was 4 basis points below the cash rate target for most of 2022; however, recently this spread has narrowed slightly, with the cash rate at 3 basis points ... below the cash rate target over 2023 to date.
https://www.rba.gov.au/publications/smp/2023/feb/domestic-financial-conditions.html

Financial Conditions

7 May 2024 SMP – May 2024
Financial Conditions | Statement on Monetary Policy – May 2024
https://www.rba.gov.au/publications/smp/2024/may/financial-conditions.html

Credit Spreads, Monetary Policy and the Price Puzzle

1 Jan 2020 RDP 2020-01
Benjamin Beckers
in risk premia in large business lending rates is met by an 8 basis point cut to the cash rate. ... If the Board changes the cash rate for reasons other than achieving its inflation target, these changes can be used as instruments for policy shocks with
https://www.rba.gov.au/publications/rdp/2020/2020-01/full.html
See 14 more results from "RDP 2020-01"

Domestic Financial Conditions

4 Nov 2022 SMP – November 2022
Following the increase in the cash rate target to 2.85 per cent in early November, prices for overnight indexed swap (OIS) contracts imply that market participants expect the cash rate ... The cash rate has increased in line with the cash rate target
https://www.rba.gov.au/publications/smp/2022/nov/domestic-financial-conditions.html

Domestic Financial Conditions

5 May 2023 SMP - May 2023 PDF 2572KB
https://www.rba.gov.au/publications/smp/2023/may/pdf/03-domestic-financial-conditions.pdf

Domestic Financial Conditions

6 May 2021 SMP – May 2021
The measures include the reductions in the cash rate, the use of forward guidance, the target for the yield on the 3-year Australian Government bond, the Term Funding Facility (TFF) ... year tenor reflects the different expectations for the cash rate as
https://www.rba.gov.au/publications/smp/2021/may/domestic-financial-conditions.html

Domestic Financial Conditions

4 Aug 2022 SMP - August 2022 PDF 2242KB
https://www.rba.gov.au/publications/smp/2022/aug/pdf/03-domestic-financial-conditions.pdf

The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets

1 Feb 2020 RDP 2020-02
Calvin He and Gianni La Cava
In the baseline models, the stance of monetary policy is measured by the cash rate target, as published in RBA statistical table F1 (Interest Rates and Yields – Money Market). ... Δ. c. r. t. represents the quarterly percentage point change in the
https://www.rba.gov.au/publications/rdp/2020/2020-02/full.html
See 12 more results from "RDP 2020-02"

Domestic Financial Conditions

6 May 2022 SMP – May 2022
program. In May, the Board increased the cash rate target by 25 basis points to 35 basis points, and the interest rate on Exchange Settlement balances from zero per cent to ... The cash rate increased slightly to 6 basis points in April, and to
https://www.rba.gov.au/publications/smp/2022/may/domestic-financial-conditions.html