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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Learning Activities | Education
4 May 2023
Learning Activities explaining key economic concepts.
https://www.rba.gov.au/education/teacher-materials/learning-activities/
Australia and the Global Economy – The Terms of Trade Boom | Explainer | Education
26 May 2023
This series provides short, concise explanations for various economics topics.
https://www.rba.gov.au/education/resources/explainers/australia-and-the-global-economy.html
The Reserve Bank's Open Market Operations
10 Jun 2003
Bulletin
– June 2003
The cash rate is determined in the interbank market for unsecured overnight loans. ... The use of market rates to evaluate bids/offers at different maturities ensures that the Reserve Bank's own views about the forward path of the target cash rate have
https://www.rba.gov.au/publications/bulletin/2003/jun/1.html
The Cash Market
15 Dec 2016
Bulletin
– December 2016
The cash market is the market for unsecured, overnight loans between banks. The weighted average of interest rates on these loans is the cash rate, the Reserve Bank's operational target for monetary policy and an important financial benchmark. Over
https://www.rba.gov.au/publications/bulletin/2016/dec/4.html
Cash Rate Methodology – Error Report | Market Operations Resources
29 Dec 2023
Error Report of the methodology of the cash rate, the Reserve Bank Board's operational target for monetary policy.
https://www.rba.gov.au/mkt-operations/resources/cash-rate-methodology/error-report.html
The Transmission of Monetary Policy through Banks' Balance Sheets | Conference – 2018
12 Apr 2018
Conferences
as the reference rates are market determined and assumed to fully incorporate current and expected cash rate changes). ... The effect of the cash rate on provisioning rates may diminish at low interest rates.
https://www.rba.gov.au/publications/confs/2018/brassil-cheshire-muscatello.html
Banks' Funding Costs and Lending Rates| Explainer | Education
23 Jun 2023
This series provides short, concise explanations for various economics topics.
https://www.rba.gov.au/education/resources/explainers/banks-funding-costs-and-lending-rates.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
Appendix D: Glossary and Data
1 Jun 2000
RDP
2000-05
π. t. three-year average of past inflation. r. t. real cash rate, defined as r. ... i. t. nominal cash rate. u. t. unit labour costs. y.
https://www.rba.gov.au/publications/rdp/2000/2000-05/appendix-d.html
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Developments in Banks' Funding Costs and Lending Rates
19 Mar 2020
Bulletin
– March 2020
Banks’ funding costs declined over 2019, driven by reductions in the cash rate.
https://www.rba.gov.au/publications/bulletin/2020/mar/developments-in-banks-funding-costs-and-lending-rates.html