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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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 ... where the least squares residuals, ˆ tψ ,
https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-02.pdf
Same Spain, Less Pain?
17 Jan 2017
Research Workshop
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1230KB
https://www.rba.gov.au/publications/workshops/research/2016/pdf/rba-workshop-2016-gomez-gonzales.pdf
The Algorithm
15 Dec 2016
RDP
2016-11
Figure 1: Daily Interbank Overnight Cash Rate. Note: Rounded to nearest basis point. ... literature. To the extent that rollovers occur in other countries, the novel features of our algorithm may also improve the identification of overnight interbank
https://www.rba.gov.au/publications/rdp/2016/2016-11/algorithm.html
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Identifying Interbank Loans from Payments Data
6 Dec 2016
RDP
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3267KB
References 41. 1. Introduction. The average interest rate on unsecured overnight interbank loans – the cash rate – is the. ... have been no deviations since 2010 (Figure 1). Figure 1: Daily Interbank Overnight Cash Rate.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-11.pdf
Appendix B: Data Sources and Definitions
1 Jun 2015
RDP
2015-07
obs. ): Quarterly average interbank overnight cash rate. Source: RBA statistical table F1.1 Interest Rates and Yields – Money Market. ... Source: RBA. Foreign interest rates (r. obs. ): Quarterly average policy rate of the United States, Japan and euro
https://www.rba.gov.au/publications/rdp/2015/2015-07/appendix-b.html
A Multi-sector Model of the Australian Economy
14 May 2015
RDP
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1314KB
t νt), where Rt and R. t are the gross nominal interest rates. ... Import volumes also contract following a positive monetary policy shock, as theeffects of higher interest rates on domestic demand overwhelm the substitutioneffects associated with the
https://www.rba.gov.au/publications/rdp/2015/pdf/rdp2015-07.pdf
Exchange Rate Movements and the Australian Economy
4 Feb 2015
RDP
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1416KB
To justify the first assumption, we note that short-term movements in the real exchange rate largely reflect changes in nominal exchange rates. ... The inclusion of output, inflation, interest rates and the real exchange rate in the domestic block is
https://www.rba.gov.au/publications/rdp/2014/pdf/rdp2014-11.pdf
Payment System Design and Participant Operational Disruptions
28 Jan 2015
RDP
PDF
578KB
4 The remaining 10 per cent of interbank settlements in RITS are settled in deferred net batches. ... 26. Glaser M and P Haene (2009), ‘Liquidity Effects of a Participant-Level Operational Disruption in Swiss Interbank Clearing System’.
https://www.rba.gov.au/publications/rdp/2012/pdf/rdp2012-05.pdf
Appendix A: Data
31 Dec 2014
RDP
2014-11
RDP 2014-11: Exchange Rate Movements and the Australian Economy Appendix A: Data. ... Overnight cash rate: Overnight cash rate, averaged over the quarter. Nominal official cash rate until June 1998, and then the interbank overnight rate (RBA statistical
https://www.rba.gov.au/publications/rdp/2014/2014-11/appendix-a.html
OPEN MARKET OPERATIONS IN AUSTRALIA: A U.S. PERSPECTIVE Michael ...
17 Oct 2014
RDP
PDF
817KB
dealers will only borrow if overnight rates rise to the level of the lender of. ... day funds and the rates charged and the rate on LLR loans will play an.
https://www.rba.gov.au/publications/rdp/1987/pdf/rdp8702.pdf