Search: Cash Rate

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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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Statement by Michele Bullock, Governor: Monetary Policy Decision

7 Nov 2023 Media Releases
At its meeting today, the Board decided to raise the cash rate target by 25 basis points to 4.35 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-30.html

Statement by the Governor, Mr Bernie Fraser: Interest Rate Reductions

3 Sep 1991 Media Releases
Announcement of reduction in the cash rate by 1 percentage point to 9.50 per cent
https://www.rba.gov.au/media-releases/1991/mr-91-15.html

Electronic Media – Money Market Cash Position

22 May 2001 Media Releases
Tender settlements will be included in the cash position figure rather than shown separately; and the target cash rate effective that day will be added to pages
https://www.rba.gov.au/media-releases/2001/mr-01-11.html

Statement by Michele Bullock, Governor: Monetary Policy Decision

3 Oct 2023 Media Releases
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-25.html

Statement by the Governor, Mr Bernie Fraser: Reduction in Interest Rates

30 Jul 1993 Media Releases
Announcement of reduction in the cash rate by 0.5 per cent to 4.75 per cent
https://www.rba.gov.au/media-releases/1993/mr-93-17.html

Statement by the Governor, Mr Ian Macfarlane: Reduction in Interest Rates

11 Dec 1996 Media Releases
Announcement of reduction in the cash rate from 6.5 per cent to 6.0 per cent
https://www.rba.gov.au/media-releases/1996/mr-96-14.html

Statement by the Governor, Mr Bernie Fraser: Reduction in Interest Rates

31 Jul 1996 Media Releases
Announcement of reduction in the cash rate by 0.5 percent, to around 7 per cent
https://www.rba.gov.au/media-releases/1996/mr-96-09.html

Statement by the Governor, Mr Ian Macfarlane: Reduction in Interest Rates

30 Jul 1997 Media Releases
Announcement of reduction in the cash rate by 50 basis points, to 5.0 per cent
https://www.rba.gov.au/media-releases/1997/mr-97-15.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

5 Apr 2022 Media Releases
At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent.
https://www.rba.gov.au/media-releases/2022/mr-22-11.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

1 Aug 2023 Media Releases
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-19.html