Search: Cash Rate
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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Macrofinancial Stress Testing on Australian Banks
13 Sep 2023
RDP
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1940KB
to be invariant to fiscal policy, the level of the cash rate and exchange rates, which are therefore. ... experience of the spread between the three-month bank bill swap rate and the cash rate during.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-03.pdf
MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA’s Macroeconometric Model
12 Jan 2022
RDP
PDF
1774KB
Suthakar 2021; Hack and Nicholls 2021). With deposit rates unable to move below zero, cash rate. ... components: changes in the cash rate, changes in banks’ debt/deposit funding spreads and.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-01.pdf
The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
21 Nov 2023
RDP
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2354KB
emerging, often enabled by mobile technology, while transactional use of cash is declining. ... with cash declined more modestly from 11 per cent to 8 per cent.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-08.pdf
Monetary Policy, Equity Markets and the Information Effect
24 Oct 2021
RDP
PDF
1573KB
prescription. For example, if the conventional effects of cash rate changes (e.g. ... approximation of the 3 to 5-year growth rate. Cash rate change Monetary policy surprise-4.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-04.pdf
Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
29 Dec 2022
RDP
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1886KB
draw some useful inferences about the effects of changes in the cash rate. ... zero-coupon forward rates) to further purge the cash rate of variation that is anticipated by financial.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-09.pdf
Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!
1 May 2023
RDP
PDF
1465KB
dwelling approvals, the mortgage spread (variable owner-occupier rate less cash rate; adjusted for. ... Many papers incorporate specific interest rates, such as the cash rate, or other short-term interest.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-04.pdf
Accelerator or Brake? Cash for Clunkers, Household, Liquidity, and Aggregate Demand
17 Jan 2017
Research Workshop
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1028KB
Accelerator or Brake? Cash for Clunkers, Household, Liquidity, and Aggregate Demand
https://www.rba.gov.au/publications/workshops/research/2016/pdf/rba-workshop-2016-parker.pdf
Adoption of Emerging Digital General-purpose Technologies: Determinants and Effects
19 Dec 2023
RDP
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1692KB
to adopt, and those with higher cash ratios also being slightly more likely, consistent with findings. ... Assets (log) Return on assets Positive. cash flow. Cash ratio Labour share of.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-10.pdf
Anticipatory Monetary Policy and the ‘Price Puzzle’
18 May 2017
RDP
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2157KB
For example, the ‘direct effect’ of interest rates is the difference between the overall inflation response and the response when the coefficients on the cash rate in the inflation equation are ... GDP but only lagged observations on the cash rate
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-02.pdf
The Yield and Market Function Effects of the Reserve Bank of Australia’s Bond Purchases
19 May 2022
RDP
PDF
1938KB
AGS yields to term-matched overnight indexed swap (OIS) rates.10 The cash rate target was reduced. ... the expected average overnight cash rate over the term of the OIS contract.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-02.pdf