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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Appendix B: Data Definitions
31 Mar 1999
RDP
1999-03
ABS Cat. No. 6202.03, Table 2. From 1990 onwards, the target cash rate. ... Prior to 1990, the unofficial 11am call cash rate. Reserve Bank of Australia Bulletin, Table F.1.
https://www.rba.gov.au/publications/rdp/1999/1999-03/appendix-b.html
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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 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
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
Domestic Financial Conditions
8 May 2020
SMP
– May 2020
Banks have passed through a large share of the recent reductions in the cash rate to retail deposit rates (Graph 4.15). ... Several lenders, including the major banks, announced a rise in rates on selected term deposits following the second reduction in
https://www.rba.gov.au/publications/smp/2020/may/domestic-financial-conditions.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
Learning Activities | Education
4 May 2023
Learning Activities explaining key economic concepts.
https://www.rba.gov.au/education/teacher-materials/learning-activities/
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
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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Benchmarks
18 Nov 2015
Speech
Speech by Guy Debelle, Assistant Governor (Financial Markets) Benchmarks at the Bloomberg Summit, Sydney
https://www.rba.gov.au/speeches/2015/sp-ag-2015-11-18.html