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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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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

Our People

9 Aug 2023 RBA Annual Report - 2022 PDF 395KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/our-people.pdf

Communication and Community Engagement

9 Aug 2023 RBA Annual Report - 2022 PDF 1131KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/communication-and-community-engagement.pdf

Our People

27 Oct 2022 RBA Annual Report – October 2022
Due to the tightening of the labour market, the resignation rate increased from 7.7 per cent in 2020/21 to 13.1 per cent in 2021/22. ... This gap continues to be explained by a larger proportion of women occupying less senior roles compared with men.
https://www.rba.gov.au/publications/annual-reports/rba/2022/our-people.html

Communication and Community Engagement

27 Oct 2022 RBA Annual Report – October 2022
Following the May 2022 Board meeting, the Governor explained why the Board had decided to increase the cash rate target from the emergency settings that were put in place to support ... New text-based resources were also created, including an Explainer
https://www.rba.gov.au/publications/annual-reports/rba/2022/communication-and-community-engagement.html

Reserve Bank of Australia Annual Report 2021

29 Sep 2022 RBA Annual Report 2021 PDF 6721KB
https://www.rba.gov.au/publications/annual-reports/rba/2021/pdf/2021-report.pdf

Banknotes

21 Oct 2021 RBA Annual Report – 2021
Subdued issuance of low-value banknotes since July 2020 can be explained by the decline in the use of cash as a means of payment. ... Sources: RBA. The Bank also surveyed retail businesses about their acceptance of cash.
https://www.rba.gov.au/publications/annual-reports/rba/2021/banknotes.html

Earnings, Distribution and Capital

21 Oct 2021 RBA Annual Report – 2021
The interest rate on ES balances moves with the cash rate target, meaning that the Bank's net interest earnings are now exposed to a rise in the ES rate. ... This is because a future increase in the cash rate would result in the Bank paying a higher rate
https://www.rba.gov.au/publications/annual-reports/rba/2021/earnings-distribution-and-capital.html

Banking and Payment Services

21 Oct 2021 RBA Annual Report – 2021
These services include direct entry, RTGS, BPAY, cheque, eftpos, cash, NPP and card-based services via phone and internet. ... For 2020/21, the Bank achieved its competitive neutrality target rate of return.
https://www.rba.gov.au/publications/annual-reports/rba/2021/banking-and-payment-services.html

Reserve Bank of Australia Annual Report 2021 - Banknotes

18 Oct 2021 RBA Annual Report 2021 PDF 532KB
https://www.rba.gov.au/publications/annual-reports/rba/2021/pdf/banknotes.pdf