Search: OIS
RBA Glossary definition for OIS
OIS – Overnight indexed swap, a bilaterally traded, or over-the-counter (OTC), derivative in which one party agrees to pay the other party a fixed interest rate in exchange for receiving the average cash rate recorded over the term of the swap.
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An Economic and Financial Update
21 Apr 2020
Speech
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136KB
The increase in liquidity in the financial system has also resulted in the spread between the bank billswap rate (BBSW) and the overnight indexed swap rate (OIS) falling significantly.
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-04-21.pdf
11/03/2020 The Virus and the Australian Economy | Speeches ...
10 Mar 2020
PDF
386KB
The spreadbetween the bank bill swap rate and the expected policy rate (OIS) has risen in recent days butremains low, nothing at all like what occurred in GFC.
https://www.rba.gov.au/speeches/2020/pdf/sp-dg-2020-03-11.pdf
Lessons and Questions from the GFC
6 Dec 2018
Speech
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302KB
Theindicator of the tension in fixed income markets is the LIBOR/OIS spread (BBSW/OIS here inAustralia), which summarises the unfolding of the crisis well (Graph 1).
https://www.rba.gov.au/speeches/2018/pdf/sp-dg-2018-12-06.pdf
The Future System for Monetary Policy Implementation
2 Apr 2024
Speech
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657KB
Speech - 2024
https://www.rba.gov.au/speeches/2024/pdf/sp-ag-2024-04-02.pdf
30/06/2020 The Reserve Bank's Policy Actions and Balance Sheet ...
30 Jun 2020
Speech
PDF
349KB
The cash rate remains low at around 13–14 basis points. Market expectations derivedfrom the overnight indexed swap (OIS) curve imply it should stay around this level for at least ayear. ... It is currently trading withclose to no spread relative to OIS.
https://www.rba.gov.au/speeches/2020/pdf/sp-dg-2020-06-30.pdf
27/07/2020 The Reserve Bank's Operations – Liquidity, Market Function ...
27 Jul 2020
Speech
PDF
390KB
the OIS rate). [4]. [5]. 27/07/2020 The Reserve Bank's Operations – Liquidity, Market Function and Funding | Speeches | RBA.
https://www.rba.gov.au/speeches/2020/pdf/sp-ag-2020-07-27.pdf
9/14/21, 1:55 PM Delta, the Economy and Monetary Policy ...
14 Sep 2021
Speech
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386KB
The current OIS curve implies a cash rate of around 25 basis points by end of 2022,60 basis points at the end of 2023 and close to 100 basis points
https://www.rba.gov.au/speeches/2021/pdf/sp-gov-2021-09-14.pdf
Monetary Policy During COVID
6 May 2021
Speech
PDF
638KB
There is no obviousbond market equivalent to the OIS curve, which provides a read on the market's expectations aboutthe future path of the policy rate.
https://www.rba.gov.au/speeches/2021/pdf/sp-dg-2021-05-06.pdf