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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(un)conventional Policy and the Zero Lower Bound
13 Dec 2012
Research Workshop
PDF
276KB
Reserve Bank of Australia Workshop 2012
https://www.rba.gov.au/publications/workshops/research/2012/pdf/defiori-tristani.pdf
China's Evolving Monetary Policy Framework in International Context
1 Dec 2019
RDP
2019-11
Exchange rate. Inflation. Operational target(s). Monetary base. 7-day interbank repo rate. ... Overnight cash rate target. Reserves/asset purchases. Primary instrument(s). PBC repo rate in corridor system.
https://www.rba.gov.au/publications/rdp/2019/2019-11/full.html
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Emergency Liquidity Injections
3 Oct 2019
RDP
PDF
2093KB
sales. However, low interest rates on emergency lending also incentivise liquidity risk-taking and. ... priority – policies under which banks fail are time inconsistent. Second, penalty rates have the.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-10.pdf
Introduction | Conference – 2013
19 Aug 2013
Conferences
In particular, they note four facts: higher excess reserves drive overnight interbank rates towards the bottom of the interest rate corridor, reduce volatility and reduce market volume. ... Also, higher credit risk for an institution raises the overnight
https://www.rba.gov.au/publications/confs/2013/intro-2013.html
Financial System Liquidity, Asset Prices and Monetary Policy | Conference – 2005
11 Jul 2005
Conferences
Although a central bank generally directly controls only the overnight interest rate, its communication policy serves to guide the market's expectations into doing its bidding. ... The orthodox view of monetary policy is that, although the central bank
https://www.rba.gov.au/publications/confs/2005/shin.html
Financial Conditions and Downside Risk to Economic Activity in Australia
17 Mar 2021
RDP
PDF
1966KB
asset prices, credit, money, interest rates and the exchange rate. Subsequently, many policy. ... unemployment rate which is, as expected, positive). However, among the other measures of.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-03.pdf
Australian Money Market Divergence: Arbitrage Opportunity or Illusion?
1 Sep 2019
RDP
2019-09
In recent years, however, interest rates in short-term money markets have significantly and persistently deviated from each other, and from overnight cash rate expectations as captured by overnight indexed swaps ... Note: (a) Discounted variable rates on
https://www.rba.gov.au/publications/rdp/2019/2019-09/full.html
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The Economics of Shadow Banking
6 Jan 2014
Conferences
PDF
316KB
RBA Conference Volume 2013
https://www.rba.gov.au/publications/confs/2013/pdf/singh.pdf
Australian Money Market Divergence: Arbitrage Opportunity or Illusion?
12 Sep 2019
RDP
PDF
1464KB
persistently deviated from each other, and from overnight cash rate expectations as captured by. ... Note: (a) Discounted variable rates on owner-occupier housing loans; spread to cash rate.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-09.pdf
Explaining Monetary Spillovers: The Matrix Reloaded
1 Apr 2019
RDP
2019-03
The first component of the monetary policy shock vector given in Equation (3) is the change in the interest rate on 1-month overnight indexed swaps (OIS). ... To measure the interest rate response, we consider rates of different maturities: 1-month and
https://www.rba.gov.au/publications/rdp/2019/2019-03/full.html
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