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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The Household Cash Flow Channel of Monetary Policy
14 Dec 2016
RDP
PDF
1053KB
First, changes in the. cash rate are transmitted to changes in the lending and deposit rates faced by households. ... changes in the cash rate are transmitted to the interest rates faced by households (e.g.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-12.pdf
Optimal Monetary Policy when Expectations are Rational, Fixed, Learned, or Anything in Between
19 Dec 2023
Research Workshop
PDF
410KB
RBA Workshop 2023
https://www.rba.gov.au/publications/workshops/research/2023/pdf/rba-workshop-2023-presentation-brassil.pdf
The Transmission of Monetary Policy through Banks' Balance Sheets
10 Feb 2020
Conferences
PDF
1946KB
RBA Conference Volume 2018
https://www.rba.gov.au/publications/confs/2018/pdf/rba-conference-volume-2018-brassil-cheshire-muscatello.pdf
Identifying Repo Market Microstructure from Securities Transactions Data
13 Aug 2018
RDP
PDF
2622KB
more narrowly around the cash rate. Another way to examine false detections is to look for implied interest rates that are not whole basis. ... 14. Figure 2: Repo Detections at Placebo Rates. Against spread to cash rate or to negative of cash rate, log
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-09.pdf
Read me file for Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!
3 May 2023
RDP
PDF
247KB
RDP 2023-04 supplementary information
https://www.rba.gov.au/publications/rdp/2023/2023-04/rdp-2023-04-read-me.pdf
Do Interest Rates Affect Business Investment? Evidence from Australian Company-level Data
27 Apr 2018
RDP
PDF
1257KB
falls in the cash rate and in aggregate indicators of business lending rates. ... alongside the cash rate and aggregate indicators of business lending rates (Figure 1).
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-05.pdf
Trends in the Funding and Lending Behaviour of Australian Banks
2 Feb 2015
RDP
PDF
1090KB
24. Figure 9: Funding Costs and Variable Lending Rates Spread to cash rate. ... Despite this, indicator lending rates remain strongly anchored to changes in the cash rate (Figure 10).
https://www.rba.gov.au/publications/rdp/2013/pdf/rdp2013-15.pdf
Doing Less, with Less: Capital Misallocation, Investment and the Productivity Slowdown in Australia
16 Mar 2023
RDP
PDF
1288KB
uncertainty; pessimism about future outcomes (‘animal spirits’); sticky hurdle rates; less demand for. ... rates (Gutiérrez and Philippon 2019); and a slowdown in the efficiency of resource reallocation.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-03.pdf
Endogenous Production Networks and Non-linear Monetary Transmission
19 Dec 2023
Research Workshop
PDF
2202KB
RBA Workshop 2023
https://www.rba.gov.au/publications/workshops/research/2023/pdf/rba-workshop-2023-ghassibe.pdf
Valuing Safety and Privacy in Retail Central Bank Digital Currency
4 Apr 2024
RDP
PDF
1594KB
with medium to high rates of cash use (Figure 7). But because high rates of cash use are uncommon. ... stable. 17. Figure 7: Estimates of Average Willingness to Pay. By cash use, 2022.
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-02.pdf