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1–8 of 8 collapsed search results for Cash Rate

RBA Glossary definition for Cash Rate

Cash Rate – The interest rate which banks pay to borrow funds from other banks in the money market on an overnight basis. The cash rate is the Reserve Bank of Australia's operational target for the implementation of monetary policy. It is also an important financial benchmark in the Australian financial markets. It is used as the reference rate for Australian dollar Overnight Indexed Swaps (OIS) and the ASX 30 Day Interbank Cash Rate Futures. The Reserve Bank of Australia is the administrator of the cash rate. The cash rate is calculated as the weighted average interest rate on overnight unsecured loans between banks settled in the Reserve Bank Information and Transfer System (RITS). The Cash Rate is also known by the acronym AONIA in financial markets.

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Appendix A: Adjustment of Actual Cash Rate to Target Rate

1 Jul 1997 RDP 9703
Ric Battellino, John Broadbent and Philip Lowe
where:. r. t. is the actual (unofficial) cash rate; and. is the target cash rate. ... Δ in cash rate {t5}. 0.06. (0.04). Δ in cash rate {t6}.
https://www.rba.gov.au/publications/rdp/1997/9703/appendix-a.html

The Implementation of Monetary Policy in Australia

1 Jul 1997 RDP 9703
Ric Battellino, John Broadbent and Philip Lowe
Research Discussion Paper – RDP 9703 The Implementation of Monetary Policy in Australia. Ric Battellino, John Broadbent and Philip Lowe. July 1997. 191. KB. This paper was prepared for the Autumn Meeting of Central Bank Economists at the Bank for
https://www.rba.gov.au/publications/rdp/1997/9703/

The Implementation of Monetary Policy in Australia

1 Jul 1997 RDP 9703
Ric Battellino, John Broadbent and Philip Lowe
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1997/9703.html

References

1 Jul 1997 RDP 9703
Ric Battellino, John Broadbent and Philip Lowe
81. Lowe, P. (1995), ‘The Link Between the Cash Rate and Market Interest Rates’, Reserve Bank of Australia Research Discussion Paper No. ... 327–341. Mankiw, N.G. and J. Miron. (1991), ‘Should the Fed Smooth Interest Rates?
https://www.rba.gov.au/publications/rdp/1997/9703/references.html

The Impact on Financial Markets

1 Jul 1997 RDP 9703
Ric Battellino, John Broadbent and Philip Lowe
1990, volatility is measured using differences in the actual and announced cash rate target. ... He estimated that the pass-through of changes in the cash rate to 3-month money market rates, housing mortgage rate and business indicator rates were 0.97,
https://www.rba.gov.au/publications/rdp/1997/9703/impact-financial-markets.html

Concluding Remarks

1 Jul 1997 RDP 9703
Ric Battellino, John Broadbent and Philip Lowe
Market conditions are easier to manage, given that the behaviour of participants is conditioned by the fact that they do not expect the cash rate to move much away from the ... Benefits have spread to the wider market, including less day-to-day
https://www.rba.gov.au/publications/rdp/1997/9703/concluding-remarks.html

The Australian Framework for Implementing Monetary Policy

1 Jul 1997 RDP 9703
Ric Battellino, John Broadbent and Philip Lowe
Since 1990, the Bank has announced an operational target for the cash rate each time monetary policy is changed. ... where r. t. is the actual cash rate and. is the target cash rate.
https://www.rba.gov.au/publications/rdp/1997/9703/australian-framework-implementing-monetary.html

The Thinking Underlying Current Arrangements

1 Jul 1997 RDP 9703
Ric Battellino, John Broadbent and Philip Lowe
The process of announcing changes to the cash rate target has some of the same characteristics as a system of administered interest rates, and there was therefore some concern, when the ... The results also confirm that the larger is the change in the
https://www.rba.gov.au/publications/rdp/1997/9703/thinking-underlying-current-arrangements.html