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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Explaining Monetary Spillovers: The Matrix Reloaded
8 Apr 2019
RDP
PDF
1861KB
average level of the overnight rate over the maturity of the contract. ... Unlike futures contracts which refer to the. overnight rate in a particular calendar month, the maturity in the OIS contract is fixed.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-03.pdf
Explaining Monetary Spillovers: The Matrix Reloaded
1 Apr 2019
RDP
2019-03
The first component of the monetary policy shock vector given in Equation (3) is the change in the interest rate on 1-month overnight indexed swaps (OIS). ... To measure the interest rate response, we consider rates of different maturities: 1-month and
https://www.rba.gov.au/publications/rdp/2019/2019-03/full.html
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Online Appendices: A Model of the Australian Housing Market
5 Mar 2019
RDP
PDF
1184KB
RDP 2019-01 online appendices
https://www.rba.gov.au/publications/rdp/2019/2019-01/rdp-2019-01-online-appendices.pdf
Identifying Repo Market Microstructure from Securities Transactions Data
16 Aug 2018
RDP
2018-09
banking, financial markets, interest rates, modelling, money. Interbank repo markets are arguably just as important as unsecured markets. ... From 2006 to 2015, the distribution of repo-rate spreads (to the cash rate) drifted up and tightened, and the
https://www.rba.gov.au/publications/rdp/2018/2018-09.html
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Identifying Repo Market Microstructure from Securities Transactions Data
13 Aug 2018
RDP
PDF
2622KB
unsecured interbank market for overnight loans, termed the ‘cash rate’. Another key component of short-term interbank markets, besides the unsecured market, is the repo. ... lending to private banks in open market operations (OMO). Figure 1 plots
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-09.pdf
The Interbank Overnight Cash Market
14 Feb 2018
RDP
2018-01
Download the Paper 1,628. KB. Banks use the market for unsecured overnight interbank loans (IBOC market) to manage their liquidity. ... The RBA, and many other central banks, have historically relied on surveys to collect information about overnight
https://www.rba.gov.au/publications/rdp/2018/2018-01/the-interbank-overnight-cash-market.html
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A Density-based Estimator of Core/Periphery Network Structures: Analysing the Australian Interbank Market
5 Feb 2018
RDP
PDF
1627KB
literature. We then use our density-based estimator to analyse the Australian overnight interbank market,. ... The Interbank Overnight Cash Market 3. 3. The Network Structure of the IBOC Market 4.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-01.pdf
Exchange Rate Policies at the Zero Lower Bound
4 Jan 2018
Research Workshop
PDF
1012KB
https://www.rba.gov.au/publications/workshops/research/2017/pdf/rba-workshop-2017-javier-bianchi.pdf
Appendix A: Details of the VAR
29 May 2017
RDP
2017-02
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 table F1.1 Interest Rates and ... Our estimates are not sensitive to whether we order
https://www.rba.gov.au/publications/rdp/2017/2017-02/appendix-a.html
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Anticipatory Monetary Policy and the ‘Price Puzzle’
18 May 2017
RDP
PDF
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