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.
Search Results
Introduction
1 Dec 1992
RDP
9214
The weighted average of these two rates is called the official cash rate. ... interest rate on this amount overnight — as it does on all uncleared payments.
https://www.rba.gov.au/publications/rdp/1992/9214/introduction.html
Daily Equilibrium
1 Dec 1992
RDP
9214
But the Reserve Bank has announced targets for cash rates — in order to keep to that target rate, the Reserve Bank would remove the imbalance by stepping in to inject cash ... from a Government deficit) or from rediscounts by banks (if cash rates rose
https://www.rba.gov.au/publications/rdp/1992/9214/daily-equilibrium.html