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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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
The Cash Market in Australia
31 Jan 2006
RDP
PDF
245KB
The weighted average of these two rates is called the official cash rate. ... float" interest rate on this amount overnight - as it does on all uncleared payments.
https://www.rba.gov.au/publications/rdp/1992/pdf/rdp9214.pdf
(un)conventional Policy and the Zero Lower Bound
13 Dec 2012
Research Workshop
PDF
276KB
Reserve Bank of Australia Workshop 2012
https://www.rba.gov.au/publications/workshops/research/2012/pdf/defiori-tristani.pdf
China’s Evolving Monetary Policy Framework in International Context
4 Dec 2019
RDP
PDF
1923KB
implementation such as open market operations and the corridor system for interest rates. ... Inflation. Operational target(s) Monetary base. 7-day interbank repo rate. Overnight cash rate target.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-11.pdf
The Economics of Shadow Banking
6 Jan 2014
Conferences
PDF
316KB
RBA Conference Volume 2013
https://www.rba.gov.au/publications/confs/2013/pdf/singh.pdf
Emergency Liquidity Injections
3 Oct 2019
RDP
PDF
2093KB
sales. However, low interest rates on emergency lending also incentivise liquidity risk-taking and. ... priority – policies under which banks fail are time inconsistent. Second, penalty rates have the.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-10.pdf
Australian Money Market Divergence: Arbitrage Opportunity or Illusion?
12 Sep 2019
RDP
PDF
1464KB
persistently deviated from each other, and from overnight cash rate expectations as captured by. ... Note: (a) Discounted variable rates on owner-occupier housing loans; spread to cash rate.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-09.pdf
Limitations on the Effectiveness of Forward Guidance at the Zero Lower Bound
24 Nov 2009
Research Workshop
PDF
338KB
Reserve Bank of Australia Research Workshop 2009
https://www.rba.gov.au/publications/workshops/research/2009/pdf/nelson.pdf
Financial Conditions and Downside Risk to Economic Activity in Australia
17 Mar 2021
RDP
PDF
1966KB
asset prices, credit, money, interest rates and the exchange rate. Subsequently, many policy. ... unemployment rate which is, as expected, positive). However, among the other measures of.
https://www.rba.gov.au/publications/rdp/2021/pdf/rdp2021-03.pdf
Discussion of Recent Developments in Federal Reserve System Liquidity and Reserve Operations
22 Oct 2008
Conferences
PDF
76KB
RBA Conference Volume 2008
https://www.rba.gov.au/publications/confs/2008/pdf/hilton-disc.pdf