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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Unconventional Monetary Policy
15 Apr 2024
PDF
210KB
Zero interest paid on balances in ES accounts puts a floor under the cash rate which in turn puts a floor under all interest rates in the economy. ... Supply. Policy interest rate corridor. 0.25%. –0.10%. Cash rate. Cash rate target.
https://www.rba.gov.au/education/resources/explainers/pdf/unconventional-monetary-policy.pdf
Bonds and the Yield Curve
15 Apr 2024
PDF
213KB
slope. The level of the yield curve measures the general level of interest rates in the economy and is heavily influenced by the cash rate (see Explainer: Transmission of Monetary Policy). ... Many Australian households have mortgages with variable
https://www.rba.gov.au/education/resources/explainers/pdf/bonds-and-the-yield-curve.pdf
The Future System for Monetary Policy Implementation - Consultation Paper - April 2024
15 Apr 2024
Consultations
PDF
720KB
In this way, the price of OMO repo provides a guide for the cash rate and broader short-term market rates. ... An ample system under full allotment OMO can provide an effective anchor for the cash rate, money market rates and financial conditions more
https://www.rba.gov.au/publications/consultations/202404-future-system-for-monetary-policy-implementation-in-australia/pdf/202404-the-future-system-for-monetary-policy-implementation-in-australia.pdf
Rochelle Guttmann | Researcher Profiles
11 Apr 2024
Researcher profile of Rochelle Guttmann
https://www.rba.gov.au/research/researcher-profiles/rochelle-guttmann.html
Valuing Safety and Privacy in Retail Central Bank Digital Currency
11 Apr 2024
RDP
2024-02
Source: RBA calculations, based on data from Ipsos. In the second extension model, the estimated safety and privacy valuations vary materially for those with medium to high rates of cash use ... But because high rates of cash use are uncommon in the
https://www.rba.gov.au/publications/rdp/2024/2024-02/full.html
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Financing SME Innovation in Australia – Challenges and Opportunities
4 Apr 2024
Speech
In this speech to the COSBOA National Small Business Summit Brad Jones, Assistant Governor (Financial System) talks about the contribution that SMEs make to our economy and society, and the challenge and opportunities for financing SME innovation in
https://www.rba.gov.au/speeches/2024/sp-ag-2024-04-04.html
Financing SME Innovation in Australia – Challenges and Opportunities
4 Apr 2024
Speech
PDF
956KB
Speech - 2024
https://www.rba.gov.au/speeches/2024/pdf/sp-ag-2024-04-04.pdf
Valuing Safety and Privacy in Retail Central Bank Digital Currency
4 Apr 2024
RDP
PDF
1594KB
with medium to high rates of cash use (Figure 7). But because high rates of cash use are uncommon. ... stable. 17. Figure 7: Estimates of Average Willingness to Pay. By cash use, 2022.
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-02.pdf
Inter-Govt Govt Inter- bank Govt Federal Treasury security Prime ...
3 Apr 2024
Statistics
PDF
187KB
Interbank lending security BA security Overnight Bank bill securityAt overnight rate yields Overnight 90-day bill yields interbank rate yieldsend of rate 3 mths 10 yrs rate rate 10 yrs cash ... Rates shown are month-ended and represent the middle rate
https://www.rba.gov.au/statistics/tables/pdf/f14.pdf
How the Reserve Bank Implements Monetary Policy | Explainer | Education
2 Apr 2024
This series provides short, concise explanations for various economics topics.
https://www.rba.gov.au/education/resources/explainers/how-rba-implements-monetary-policy.html