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
10 Feb 2019
SMP
– February 2019
Meanwhile, the cash rate has continued to trade at the Reserve Bank Board's target. ... Even taking the recent increases in housing lending rates into account, these rates are at very low levels compared with history, consistent with the low level of the
https://www.rba.gov.au/publications/smp/2019/feb/domestic-financial-conditions.html
Domestic Financial Conditions
6 Feb 2020
SMP
– February 2020
This largely reflects the effect of reductions in the cash rate on wholesale debt costs and (retail and wholesale) deposit rates. ... Graph 3.6. Graph 3.7. Banks have passed through most of the reductions in the cash rate to retail deposit rates.
https://www.rba.gov.au/publications/smp/2020/feb/domestic-financial-conditions.html
Domestic Financial Conditions
10 Aug 2018
SMP
– August 2018
Financial market prices suggest that the cash rate is expected to remain unchanged this year. ... So overall, money market rates have increased this year despite market expectations for the future path of the cash rate having been little changed.
https://www.rba.gov.au/publications/smp/2018/aug/domestic-financial-conditions.html
Domestic Financial Conditions
27 Nov 2018
SMP
– November 2018
The Reserve Bank has maintained the cash rate target at 1.5 per cent since August 2016. ... Graph 3.2. Money market rates remain higher than in 2017 despite little change in market expectations for the future path of the cash rate.
https://www.rba.gov.au/publications/smp/2018/nov/domestic-financial-conditions.html
Domestic Financial Conditions
10 May 2018
SMP
– May 2018
The Reserve Bank has maintained the cash rate target at 1.5 per cent since August 2016. ... Meanwhile, the cash rate has continued to trade at the Board's target.
https://www.rba.gov.au/publications/smp/2018/may/domestic-financial-conditions.html
Outlook
6 Feb 2024
SMP
– February 2024
Outlook | Statement on Monetary Policy – February 2024
https://www.rba.gov.au/publications/smp/2024/feb/outlook.html
Box B: An International Comparison of Pass-through of Policy Rate Changes to Housing Loan Rates
10 Feb 2009
SMP
– February 2009
During the second half of 2008, the RBA lowered the cash rate target by a cumulative 300 basis points, and the average rate on outstanding housing loans decreased by 200 basis ... Variable housing loan rates decreased by 275 basis points between August
https://www.rba.gov.au/publications/smp/2009/feb/box-b.html
List of tables
10 Nov 2007
SMP
– November 2007
Level Per cent. Aug. Sep. Oct. Cash rate. 25. 0. 0. ... For the forecast period, technical assumptions include A$ at US$0.93, TWI at 73, cash rate at 6.75 per cent, and WTI crude oil price at US$90 per barrel and
https://www.rba.gov.au/publications/smp/2007/nov/tables.html
Domestic Financial Conditions
20 Nov 2023
SMP
- November 2023
PDF
2300KB
https://www.rba.gov.au/publications/smp/2023/nov/pdf/03-domestic-financial-conditions.pdf
Domestic Financial Conditions
6 Dec 2023
SMP
- August 2023
PDF
2357KB
https://www.rba.gov.au/publications/smp/2023/aug/pdf/03-domestic-financial-conditions.pdf