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RBA Glossary definition for bill rate
bill rate – The bill rate is the effective yield to maturity earned by the holder of a bill. The yield is usually expressed as a per annum rate.
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Appendix: Data Sources and Methods
1 Nov 1990
RDP
9008
Data for the yield of 90-Day bank accepted bills of exchange (the Bank Bill rate) are from the RBA Bulletin, Table F.1, various issues. ... The monthly growth rates of credit were adjusted in the month of each break.
https://www.rba.gov.au/publications/rdp/1990/9008/appendix.html
Results
1 Nov 1990
RDP
9008
Table 1 Granger-Causality Tests: Marginal Significance Levels. Pre-deregulation. Bank Bill Rate. ... Forecast Month. Bank Bill Rate. Employment Growth Rate. Inflation Rate. Real Credit Growth Rate.
https://www.rba.gov.au/publications/rdp/1990/9008/results.html
Methodology
1 Nov 1990
RDP
9008
12 months ended). The 90-day bank bill rate is our proxy for monetary policy. ... In a deregulated environment, changes in cash rates are soon reflected in corresponding changes to the 90-day bank bill rate.
https://www.rba.gov.au/publications/rdp/1990/9008/methodology.html
Introduction
1 Nov 1990
RDP
9008
No clear causal relationships between interest rates and activity were identified. ... In particular, we examine whether deregulation has altered the dynamic effects of shocks to growth rates of real credit and employment, the 90-day bank bill rate and
https://www.rba.gov.au/publications/rdp/1990/9008/introduction.html
Policy and Institutional Background
1 Nov 1990
RDP
9008
Bank credit was thus rationed, with lending rates unable to increase to clear the market. ... This leads to an increase in cash rates, and subsequently to increases in other interest rates, such as the 90 day bank bill rate.
https://www.rba.gov.au/publications/rdp/1990/9008/policy-and-institutional-background.html