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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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The Consequences of Low Interest Rates for the Australian Banking Sector

21 Dec 2022 RDP 2022-08
Anthony Brassil
monetary policy to lending rates when the level of the policy rate is low. ... Figure 8: Cash Rate Pass-through to Banks' Lending Rates. Source: Brassil, Major and Rickards (2022).
https://www.rba.gov.au/publications/rdp/2022/2022-08/full.html

The Literature through the Lens of Banks' Balance Sheets

21 Dec 2022 RDP 2022-08
Anthony Brassil
Once these rates hit the ELB, any further reductions in the cash rate will not be passed through to these accounts. ... In jurisdictions with a negative policy rate, retail deposit interest rates remained close to zero (albeit negative).
https://www.rba.gov.au/publications/rdp/2022/2022-08/the-literature-through-the-lens-of-banks-balance-sheets.html