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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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Review of the Yield Target

22 Mar 2023
In March 2020, the Reserve Bank Board introduced a target for the yield on the three-year Australian Government bond which was discontinued in November 2021. This review examines the experience with the yield target and draws lessons from this
https://www.rba.gov.au/monetary-policy/reviews/yield-target/index.html

Review of the Yield Target

22 Mar 2023 PDF 1329KB
https://www.rba.gov.au/monetary-policy/reviews/yield-target/pdf/review-of-the-yield-target.pdf

Review of the RBA’s Approach to Forward Guidance

9 Mar 2023
4 October 2022. Cash rate target increased by 25 basis points. The Board expects to increase interest rates further over the period ahead. ... In November 2021, conditions for a rise in the cash rate were explained as likely to take some time.
https://www.rba.gov.au/monetary-policy/reviews/approach-to-forward-guidance/index.html

Review of the Bond Purchase Program

9 Mar 2023
including cuts to the cash rate target, three-year yield target and Term Funding Facility (TFF) rates to 0.1 per cent. ... However, the maturities of affected interest rates will be different compared with a conventional policy easing via the cash rate.
https://www.rba.gov.au/monetary-policy/reviews/bond-purchase-program/index.html

2010 | Interest Rate Decisions

9 Mar 2023
Monetary Policy media releases - statements made by the Governor on monetary policy
https://www.rba.gov.au/monetary-policy/int-rate-decisions/2010/

2011 | Interest Rate Decisions

9 Mar 2023
Monetary Policy media releases - statements made by the Governor on monetary policy
https://www.rba.gov.au/monetary-policy/int-rate-decisions/2011/

2015 | Interest Rate Decisions

9 Mar 2023
Monetary Policy media releases - statements made by the Governor on monetary policy
https://www.rba.gov.au/monetary-policy/int-rate-decisions/2015/

2004 | Interest Rate Decisions

9 Mar 2023
Monetary Policy media releases - statements made by the Governor on monetary policy
https://www.rba.gov.au/monetary-policy/int-rate-decisions/2004/

2012 | Interest Rate Decisions

9 Mar 2023
Monetary Policy media releases - statements made by the Governor on monetary policy
https://www.rba.gov.au/monetary-policy/int-rate-decisions/2012/

2020 | Monetary Policy Decisions

9 Mar 2023
Monetary Policy media releases - statements made by the Governor on monetary policy
https://www.rba.gov.au/monetary-policy/int-rate-decisions/2020/