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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Appendix B: Data
3 Jan 2023
RDP
2022-09
Variable. Details. Source. Cash rate. Interbank overnight cash rate, %, quarterly average. ... After the September quarter 2001, the risk-free rate is the 3-month Australian dollar overnight indexed swap (OIS) rate.
https://www.rba.gov.au/publications/rdp/2022/2022-09/appendix-b.html
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Financial Conditions and Downside Risk to Economic Activity in Australia
23 Mar 2021
RDP
2021-03
FCIs are constructed as a weighted average of a broad range of indicators, including asset prices, credit, money, interest rates and the exchange rate. ... Aus. 1974:Q4. 2020:Q3. LV. Interest rates and spreads. 3. Overnight cash rate (OCR).
https://www.rba.gov.au/publications/rdp/2021/2021-03/full.html
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The Role of Collateral in Borrowing
20 Jan 2021
RDP
2021-01
Heightened demand for high-quality collateral is evident from the interest rate differential on collateralised loans across collateral types – rates for first-best collateral fall market-wide by over 100 basis ... In the unsecured market, the overnight
https://www.rba.gov.au/publications/rdp/2021/2021-01/full.html
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The Cash Rate Response to Credit Market Conditions
28 Jan 2020
RDP
2020-01
The spread between the 3-month bank-accepted bill (BAB) rate and the 3-month Australian dollar overnight indexed swap (OIS) rate. (. ... I further explored spreads between small and large business lending rates, and the variable mortgage to cash rate
https://www.rba.gov.au/publications/rdp/2020/2020-01/the-cash-rate-response-to-credit-market-conditions.html
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The PBC's Objectives and Operational Framework
9 Dec 2019
RDP
2019-11
Notes: ‘Interest rate’ is based on the weighted average overnight interbank rate; ‘Exchange rate’ is relative to the US dollar. ... The most recent example of the PBC's efforts to improve the transmission of interbank rates to bank lending rates
https://www.rba.gov.au/publications/rdp/2019/2019-11/the-pbcs-objectives-and-operational-framework.html
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Appendix A: Emergency Liquidity Injection Policies in Europe and the United States
9 Oct 2019
RDP
2019-10
interest rate bid; the amount auctioned was calibrated to leave the outcome interest rate a certain level above the ‘deposit rate’ that the ECB pays banks on their overnight cash holdings. ... Over the same period the interest rate on the ECB's
https://www.rba.gov.au/publications/rdp/2019/2019-10/appendix-a.html
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Appendix D: Variable List
8 Oct 2019
RDP
2019-01
cash. Interbank overnight cash rate. 22. RBA statistical table F1.1 Interest Rates and. ... Yields – Money Market. Quarter average. cash_exp. Interbank overnight cash rate (includes market path for simulations).
https://www.rba.gov.au/publications/rdp/2019/2019-01/appendix-d.html
Estimating Funding Costs, Gross Returns and Net Returns
13 Sep 2019
RDP
2019-09
Specifically, it is the return earned from lending AUD against the foreign currency in the spot market, investing the foreign currency in three-month JPY or USD London Interbank Offered Rate ... Until 2014, gross returns on money market trades were
https://www.rba.gov.au/publications/rdp/2019/2019-09/estimating-funding-costs-gross-returns-and-net-returns.html
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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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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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