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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.

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DSGE Reno: Adding a Housing Block to a Small Open Economy Model

1 Apr 2018 RDP 2018-04
Christopher G Gibbs, Jonathan Hambur and Gabriela Nodari
relatively high sensitivity of housing investment to changes in interest rates (e.g. ... The Australian economy is summarised by standard aggregate variables such as GDP growth, consumption growth, CPI inflation and the cash rate, as well as several
https://www.rba.gov.au/publications/rdp/2018/2018-04/full.html

Appendix A: Data Sources for Estimation

6 Apr 2018 RDP 2018-04
Christopher G Gibbs, Jonathan Hambur and Gabriela Nodari
Cash rate: Quarterly average cash rate target. Source: RBA statistical table F1.1 Interest Rates and Yields – Money Market. ... Source: RBA. Foreign interest rates: Quarterly average policy rate of the United States, Japan and euro area (Germany before
https://www.rba.gov.au/publications/rdp/2018/2018-04/appendix-a.html

Estimation

6 Apr 2018 RDP 2018-04
Christopher G Gibbs, Jonathan Hambur and Gabriela Nodari
The Australian economy is summarised by standard aggregate variables such as GDP growth, consumption growth, CPI inflation and the cash rate, as well as several sector-specific growth and inflation measures. ... 6. Elasticity of substitution between
https://www.rba.gov.au/publications/rdp/2018/2018-04/estimation.html

Housing and Australia's Post Mining Boom Transition

6 Apr 2018 RDP 2018-04
Christopher G Gibbs, Jonathan Hambur and Gabriela Nodari
In the model, a key channel through which commodity price shocks affect housing investment is by influencing interest rates. ... Under both scenarios, the cash rate is around 40 basis points lower.
https://www.rba.gov.au/publications/rdp/2018/2018-04/housing-and-australias-post-mining-boom-transition.html