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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Overnight Indexed Swap Rates
19 Jun 2002
Bulletin
PDF
62KB
Further, by comparing the fixed rates forswaps of different maturities, it is possible toassess not only the magnitude of the expectedchange in the cash rate but also the timing ofthese changes. ... Overnight Indexed Swap Rates June 2002. 24. cash rate
https://www.rba.gov.au/publications/bulletin/2002/jun/pdf/bu-0602-3.pdf
Overnight Indexed Swap Rates
10 Jun 2002
Bulletin
– June 2002
Table 1 summarises outcomes for the cash rate predicted by 1–6 month overnight indexed swap rates since January 2000. ... Overnight indexed swap rates are clearly not a perfect indicator of future movements in the cash rate.
https://www.rba.gov.au/publications/bulletin/2002/jun/3.html
Statement on Monetary Policy
10 May 2003
Bulletin
– May 2003
The Reserve Bank of New Zealand reduced its official cash rate by 25 basis points to 5.5 per cent in April. ... In Japan, the central bank has maintained the cash rate at zero and has announced further measures to try to stimulate monetary expansion.
https://www.rba.gov.au/publications/bulletin/2003/may/1.html
Statement on Monetary Policy
10 Feb 2001
Bulletin
– February 2001
At its February meeting, the Board concluded that the balance of risks had shifted sufficiently that an easing of monetary policy was appropriate, and hence cash rates were reduced by 50 ... The spread between these bonds and the cash rate also inverted
https://www.rba.gov.au/publications/bulletin/2001/feb/1.html
Recent Developments in Interest Rates on Bank Lending
22 Feb 2001
Bulletin
PDF
59KB
This is the only form of personallending where interest rates have fallen furtherthan the cash rate. ... Personal Lending Rates%. Credit cards. Unsecuredfixed-term loan. Secured line ofcredit. %. Cash rate. Recent Developments in Interest Rates on Bank
https://www.rba.gov.au/publications/bulletin/1999/apr/pdf/bu-0499-1.pdf
Statement on Monetary Policy
10 Nov 2000
Bulletin
– November 2000
The announcement of the 25 basis points rise in the cash rate to 6 per cent pushed the A$ higher. ... All major currencies rose against the US$, including the A$. The RBA did not announce a change in the cash rate.
https://www.rba.gov.au/publications/bulletin/2000/nov/1.html
Semi-Annual Statement on Monetary Policy
10 May 1997
Bulletin
– May 1997
The impact of those cash rate reductions on home mortgage borrowers has been reinforced by a significant compression of intermediaries' interest margins in that area. ... The Bank's assessment is that the current level of cash rates is accommodating the
https://www.rba.gov.au/publications/bulletin/1997/may/1.html
Implications for the Reserve Bank's Liquidity Management Operations of Changes in Commonwealth Government Cash Flows
22 Feb 2001
Bulletin
PDF
86KB
Changes in CommonwealthGovernment Cash Flows. Introduction. The Reserve Bank implements monetarypolicy by undertaking operations in the moneymarket to maintain the cash rate – the interestrate at which financial institutions borrow andlend
https://www.rba.gov.au/publications/bulletin/2000/aug/pdf/bu-0800-3.pdf
Bulletin September Quarter 2023
15 Feb 2024
Bulletin
- September 2023
PDF
8611KB
https://www.rba.gov.au/publications/bulletin/2023/sep/pdf/bulletin-2023-09.pdf
The Cash-use Cycle in Australia
16 Mar 2023
Bulletin
– March 2023
The use of cash for day-to-day transactions has been declining for many years and this has implications for all aspects of the cash system.
https://www.rba.gov.au/publications/bulletin/2023/mar/the-cash-use-cycle-in-australia.html