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 Model
22 Nov 2016
RDP
2016-07
Each market could represent a particular product: one market might represent 10-year Australian dollar-denominated fixed-for-floating interest rate swaps; another, 1-year Japanese yen-denominated overnight index swaps; ... β. 0.9975. Discount rate. σ. A
https://www.rba.gov.au/publications/rdp/2016/2016-07/model.html
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Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020
15 May 2024
RDP
2024-03
This paper contributes to this work. The Reserve Bank conducts open market operations to manage liquidity in the interbank market, provide settlement balances for the smooth functioning of the payments system,
https://www.rba.gov.au/publications/rdp/2024/2024-03.html
Appendix A: Data Description
1 Apr 2021
RDP
2021-04
Source. Start date. End date. Missing data. Cash rate target. RBA. ... 2001:M4. 2020:M5. Overnight index swap. Refinitiv. 2001:M4. 2020:M5. 2001:M12–2002:M8. ASX 200 index.
https://www.rba.gov.au/publications/rdp/2021/2021-04/appendix-a.html
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MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
1 Aug 2019
RDP
2019-07
Examples include interest rates, the exchange rate, the expenditure components of real GDP, labour market variables and inflation. ... price growth, growth in the dwelling stock, changes in mortgage interest rates and the rate of inflation.
https://www.rba.gov.au/publications/rdp/2019/2019-07/full.html
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The Consequences of Low Interest Rates for the Australian Banking Sector
21 Dec 2022
RDP
2022-08
monetary policy to lending rates when the level of the policy rate is low. ... Figure 8: Cash Rate Pass-through to Banks' Lending Rates. Source: Brassil, Major and Rickards (2022).
https://www.rba.gov.au/publications/rdp/2022/2022-08/full.html
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The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets
1 Feb 2020
RDP
2020-02
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). ... Carroll et al 2017). Therefore, their discount rates may be relatively
https://www.rba.gov.au/publications/rdp/2020/2020-02/full.html
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Data Description
21 Jun 2023
RDP
2023-05
Short-term interest rate. Three-month interbank rate. Spread. Difference between the 10-year sovereign bond yield and the 3-month interest rate. ... Low-rate dummy variable. Equal to 1 when the 3-month interbank rate is in the first quartile of the
https://www.rba.gov.au/publications/rdp/2023/2023-05/data-description.html
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Read me file
24 May 2022
RDP
2022-02
The code loads data from Findur on: the RBA's purchases and holdings of government bonds; government bond yields; and overnight indexed swap (OIS) rates. ... Some similar data are available in the RBA's statistical tables F1, F16 and F17 (Zero-coupon
https://www.rba.gov.au/publications/rdp/2022/2022-02/read-me.html
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Methodology
1 Nov 1990
RDP
9008
12 months ended). The 90-day bank bill rate is our proxy for monetary policy. ... In a deregulated environment, changes in cash rates are soon reflected in corresponding changes to the 90-day bank bill rate.
https://www.rba.gov.au/publications/rdp/1990/9008/methodology.html
Macrofinancial Stress Testing on Australian Banks
20 Sep 2022
RDP
2022-03
The model is currently specified to be invariant to fiscal policy, the level of the cash rate and exchange rates, which are therefore omitted to keep it simple. ... Indicative of this, there has historically been a tight relationship between the
https://www.rba.gov.au/publications/rdp/2022/2022-03/full.html
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