Search: Cash Rate

Help

Contents

Any

All

Phrase

Not

Metadata

Title

Author

Subject

Format

Published

Before

After

Display

Sort

Results

per page

Sort by: Relevance Date

1–10 of 237 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.

Today's Reduction in the Cash Rate

5 Jun 2019 Speech PDF 504KB

I will now change tack and move to the third question: should today's reduction in the cash rate befully passed through to mortgage rates? ... And thatis: Yes, this reduction in the cash rate should be fully passed through to variable mortgage rates.

https://www.rba.gov.au/speeches/2019/pdf/sp-gov-2019-06-04.pdf