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RBA Glossary definition for overnight loans

overnight loans – Loans, which are recallable, repayable or renegotiable the next day, usually by 11.00 am.

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Read me file

12 May 2023 RDP 2023-04
Jonathan Hambur and Qazi Haque
Money market spread – money market spread between 3-month bank-accepted bill (BAB) rate and 3-month Australian dollar overnight indexed swap (OIS) rate (3-month zero-coupon forward rate prior ... Unemployment rate – ABS Labour Force Statistics,
https://www.rba.gov.au/publications/rdp/2023/2023-04/read-me.html
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Financial Conditions and Downside Risk to Economic Activity in Australia

23 Mar 2021 RDP 2021-03
Luke Hartigan and Michelle Wright
Aus. 1976:Q3. 2020:Q3. LD. 24. Owner-occupier housing loan approvals (excl refinancing). ... ABS. Aus. 1985:Q1. 2020:Q2. LD. 25. Investor housing loan approvals (excl refinancing).
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
Nicholas Garvin, David W Hughes and José-Luis Peydró
Due to the transaction-level nature of the data, we (and other users of related algorithms) cannot explicitly distinguish between overnight loans that are subsequently rolled over without transacting, and loans ... lbdm. is zero. We measure outstanding
https://www.rba.gov.au/publications/rdp/2021/2021-01/full.html
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Credit Spreads, Monetary Policy and the Price Puzzle

1 Jan 2020 RDP 2020-01
Benjamin Beckers
The spread between the 3-month bank-accepted bill (BAB) rate and the 3-month Australian dollar overnight indexed swap (OIS) rate. (.
https://www.rba.gov.au/publications/rdp/2020/2020-01/full.html
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The PBC's Objectives and Operational Framework

9 Dec 2019 RDP 2019-11
Bradley Jones and Joel Bowman
Overnight cash rate target. Reserves/asset purchases. Primary instrument(s). PBC repo rate in corridor system. ... LPR) in late 2019, in place of the benchmark loan rate which had been unchanged since 2015.
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
Nicholas Garvin
From mid September to early October 2008, TSLF loans outstanding rose from US$135 billion to 275 billion, and overnight lending under the PDCF rose from zero to US$155 billion. ... It purchased unsecured commercial paper (essentially making unsecured
https://www.rba.gov.au/publications/rdp/2019/2019-10/appendix-a.html
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Introduction

13 Sep 2019 RDP 2019-09
Belinda Cheung and Sebastien Printant
Figure 1: Money Market and Lending Interest Rates. Spread to overnight indexed swaps, various terms. ... Note: (a) Discounted variable rates on owner-occupier housing loans; spread to cash rate.
https://www.rba.gov.au/publications/rdp/2019/2019-09/introduction.html
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Core Equations

23 Aug 2019 RDP 2019-07
Alexander Ballantyne, Tom Cusbert, Richard Evans, Rochelle Guttmann, Jonathan Hambur, Adam Hamilton, Elizabeth Kendall, Rachael McCririck, Gabriela Nodari and Daniel Rees
In the long run, the stock of household credit is determined by the value of housing assets and the average loan-to-valuation ratio of housing loans. ... overnight cash rate responds to year-ended inflation, the unemployment gap and the change in the
https://www.rba.gov.au/publications/rdp/2019/2019-07/core-equations.html
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Data

23 Apr 2019 RDP 2019-03
Jonathan Kearns, Andreas Schrimpf and Fan Dora Xia
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). ... Unlike futures contracts which refer to the overnight rate in a particular calendar month, the
https://www.rba.gov.au/publications/rdp/2019/2019-03/data.html
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Estimating the Net Monetary Benefits of Credit Card Holding

8 Oct 2018 RDP 2018-11
Mary-Alice Doyle
savings deposit rate, mortgage rate, personal loan rate), multiplied by total annual spending and by the length of the interest-free period that the cardholder uses. ... For instance, some respondents who use their card to borrow may face outside options
https://www.rba.gov.au/publications/rdp/2018/2018-11/estimating-the-net-monetary-benefits-of-credit-card-holding.html
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