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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 Interbank Overnight Cash Market

14 Feb 2018 RDP 2018-01
Anthony Brassil and Gabriela Nodari
Download the Paper 1,628. KB. Banks use the market for unsecured overnight interbank loans (IBOC market) to manage their liquidity. ... The RBA, and many other central banks, have historically relied on surveys to collect information about overnight
https://www.rba.gov.au/publications/rdp/2018/2018-01/the-interbank-overnight-cash-market.html
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Identifying Interbank Loans from Payments Data

8 Dec 2016 RDP 2016-11
Anthony Brassil, Helen Hughson and Mark McManus
banking, financial markets, interest rates, modelling, monetary policy, money, payments. The interbank overnight cash market is central to the implementation of monetary policy in Australia. ... So these novel features may also be useful for identifying
https://www.rba.gov.au/publications/rdp/2016/2016-11.html
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Identifying Repo Market Microstructure from Securities Transactions Data

16 Aug 2018 RDP 2018-09
Nicholas Garvin
banking, financial markets, interest rates, modelling, money. Interbank repo markets are arguably just as important as unsecured markets. ... From 2006 to 2015, the distribution of repo-rate spreads (to the cash rate) drifted up and tightened, and the
https://www.rba.gov.au/publications/rdp/2018/2018-09.html
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Notes to and Forming Part of the Financial Statements

19 Oct 2023 RBA Annual Report – October 2023
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/2023/financial-statements/notes.html

3.3 Risk Management

19 Oct 2023 RBA Annual Report – October 2023
Risk Management | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/risk-management.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

Appendix A: Data Descriptions and Sources

16 May 2008 RDP 2008-01
Jeremy Lawson and Daniel Rees
Overnight cash rate: Overnight cash rate, averaged over the quarter. Nominal official cash rate until June 1998, and then the interbank overnight rate (RBA). ... Real trade-weighted index: The natural logarithm of the real trade-weighted exchange rate
https://www.rba.gov.au/publications/rdp/2008/2008-01/appendix-a.html
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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

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