Search: 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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Domestic Financial Conditions
5 May 2023
SMP
– May 2023
Domestic Financial Conditions | Statement on Monetary Policy – May 2023
https://www.rba.gov.au/publications/smp/2023/may/domestic-financial-conditions.html
Domestic Financial Conditions
8 May 2020
SMP
– May 2020
Banks have passed through a large share of the recent reductions in the cash rate to retail deposit rates (Graph 4.15). ... Several lenders, including the major banks, announced a rise in rates on selected term deposits following the second reduction in
https://www.rba.gov.au/publications/smp/2020/may/domestic-financial-conditions.html
Operations in Financial Markets
12 Apr 2020
RBA Annual Report
– 2020
The cash rate is the interest rate on unsecured overnight loans between banks. ... at an interest rate of 25 basis points above the cash rate target.
https://www.rba.gov.au/publications/annual-reports/rba/2020/operations-in-financial-markets.html
Domestic Financial Conditions
4 Nov 2022
SMP
– November 2022
Up to October, lenders have passed on the cash rate increases in full to reference rates for variable-rate housing and business borrowers. ... These increases have been underpinned by rising BBSW rates, reflecting actual and prospective increases in the
https://www.rba.gov.au/publications/smp/2022/nov/domestic-financial-conditions.html
Operations in Financial Markets
24 Oct 2016
RBA Annual Report
– 2016
During 2015/16, the cash rate was equal to the Board's target on all days. ... In conjunction with these changes, the Reserve Bank also commenced publishing a Cash Rate Total Return Index (TRI).
https://www.rba.gov.au/publications/annual-reports/rba/2016/operations-in-financial-markets.html
Domestic Financial Conditions
9 Aug 2019
SMP
– August 2019
Banks have passed through most of the reductions in the cash rate to housing interest rates and to retail deposit rates. ... As is typical, however, the interest rates on transaction accounts (which are close to zero) did not change following the
https://www.rba.gov.au/publications/smp/2019/aug/domestic-financial-conditions.html
Domestic Financial Conditions
5 Aug 2022
SMP
– August 2022
Some lenders have also announced the full pass-through of the August increase in the cash rate to housing reference rates. ... These tend to be priced with reference to BBSW rates, which moved higher earlier in anticipation of increases in the cash rate.
https://www.rba.gov.au/publications/smp/2022/aug/domestic-financial-conditions.html
Domestic Financial Conditions
8 Nov 2019
SMP
– November 2019
Cumulatively, average mortgage rates paid would then have declined by almost the same amount as the cash rate has since mid year. ... Graph 3.11. Housing interest rates paid had already been drifting lower prior to the reductions in the cash rate and SVRs
https://www.rba.gov.au/publications/smp/2019/nov/domestic-financial-conditions.html
Domestic Financial Conditions
4 Feb 2022
SMP
– February 2022
Graph 3.10. The low level of the cash rate and the high level of liquidity in the banking system continue to underpin low money market rates. ... BBSW rates, to which much of banks' wholesale debt funding is linked (either directly or via hedging),
https://www.rba.gov.au/publications/smp/2022/feb/domestic-financial-conditions.html
Domestic Financial Conditions
6 May 2022
SMP
– May 2022
Following the increase in the cash rate, some banks have announced increases to rates paid on a broader range of deposit products. ... Interest rates on variable-rate loans may increase in the period ahead, following the increase in the cash rate in
https://www.rba.gov.au/publications/smp/2022/may/domestic-financial-conditions.html