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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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Credit Spreads, Monetary Policy and the Price Puzzle

1 Jan 2020 RDP 2020-01
Benjamin Beckers
in risk premia in large business lending rates is met by an 8 basis point cut to the cash rate. ... Table 2: Estimated Policy Rules with Credit Spreads and Expected Cash Rate Changes.
https://www.rba.gov.au/publications/rdp/2020/2020-01/full.html

Credit Spreads, Monetary Policy and the Price Puzzle

28 Jan 2020 RDP 2020-01
Benjamin Beckers
Therefore, the Bank raises the cash rate – its policy rate – when credit spreads decline. ... As expected, a higher cash rate reduces inflation and output growth, and raises the unemployment rate.
https://www.rba.gov.au/publications/rdp/2020/2020-01.html

Conclusion

28 Jan 2020 RDP 2020-01
Benjamin Beckers
In response to an increase in the cash rate, inflation has been found to rise. ... An increase in the cash rate lowers inflation and raises the unemployment rate.
https://www.rba.gov.au/publications/rdp/2020/2020-01/conclusion.html

The Effects of Monetary Policy Shocks on Inflation, Unemployment and Output

28 Jan 2020 RDP 2020-01
Benjamin Beckers
Cumulative quarterly responses to 100 basis point cash rate shock, 1994:Q1–2018:Q4. ... control for the cash rate's systematic response to credit and money market conditions.
https://www.rba.gov.au/publications/rdp/2020/2020-01/the-effects-of-monetary-policy-shocks-on-inflation-unemployment-and-output.html