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RBA Glossary definition for ES

ES – Exchange Settlement (account, balances or funds)

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Reserve Bank of Australia Annual Report 2023

1 May 2024 RBA Annual Report - 2023 PDF 304KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/risk-management.pdf

Reserve Bank of Australia Annual Report 2023

1 May 2024 RBA Annual Report - 2023 PDF 9575KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/rba-annual-report-2023.pdf

Bulletin

17 Apr 2024 Bulletin - April 2024 PDF 7253KB
https://www.rba.gov.au/publications/bulletin/2024/apr/pdf/bulletin-2024-04.pdf

Bank Funding and the Recent Tightening of Monetary Policy

17 Apr 2024 Bulletin - April 2024 PDF 1208KB
https://www.rba.gov.au/publications/bulletin/2024/apr/pdf/bank-funding-and-the-recent-tightening-of-monetary-policy.pdf

Unconventional Monetary Policy

15 Apr 2024 PDF 210KB
Instead, the RBA made an adjustment to the corridor so that the interest rate paid on deposits in ES accounts was zero. ... 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
https://www.rba.gov.au/education/resources/explainers/pdf/unconventional-monetary-policy.pdf

The Future System for Monetary Policy Implementation - Consultation Paper - April 2024

15 Apr 2024 Consultations PDF 720KB
Together with the floor provided by the ES rate, these operations should keep the cash rate close to target. ... In practice, the RBA supplied a small and fairly stable surplus of ES balances (above what it judged to be minimum required ES balances).
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

The Future System for Monetary Policy Implementation

2 Apr 2024 Speech PDF 657KB
Speech - 2024
https://www.rba.gov.au/speeches/2024/pdf/sp-ag-2024-04-02.pdf

How the Reserve Bank Implements Monetary Policy

2 Apr 2024 PDF 164KB
Banks have deposit accounts at the Reserve Bank to record the value of their ES balances. ... Banks have no incentive to borrow or lend ES balances outside this corridor.
https://www.rba.gov.au/education/resources/explainers/pdf/how-the-reserve-bank-implements-monetary-policy.pdf

Inflation and its Measurement

15 Mar 2024 PDF 181KB
old. equi. pmen. t an. d se. rvic. es 9. %. Alc. ohol. and. to. bacc. o 9%. Educ. atio. n 5%.
https://www.rba.gov.au/education/resources/explainers/pdf/inflation-and-its-measurement.pdf

RBAFOI-232436 - document for release

14 Feb 2024 PDF 1056KB
International Department Monthly Note from March 2015
https://www.rba.gov.au/information/foi/disclosure-log/pdf/232436.pdf