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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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The Global Financial Environment

9 Oct 2020 FSR – October 2020
increased demand for cash and caused market dysfunction, leading to a tightening in global financial conditions. ... Delays in the transition away from London Inter-Bank Offered Rates (LIBOR) also create risks.
https://www.rba.gov.au/publications/fsr/2020/oct/global-financial-environment.html

Overview

10 Mar 2009 FSR – March 2009
This repricing of risk has resulted in large falls in the prices of many financial assets, often by considerably more than can be explained by changes in the expected underlying cash ... More generally, households have responded to the combination of
https://www.rba.gov.au/publications/fsr/2009/mar/overview.html

Box A: Credit Card Indicators

10 Sep 2004 FSR – September 2004
Another potentially useful indicator of household financial stress is the rate of growth in credit card cash advances. ... Since then, however, the growth rate of aggregate cash advances has slowed, and the average amount drawn per account has stabilised.
https://www.rba.gov.au/publications/fsr/2004/sep/box-a.html

Box B: Variable Interest Rates on Housing Loans

10 Mar 2005 FSR – March 2005
This slight margin was probably attributable to some borrowers taking out basic variable-rate loans; these types of loans charge interest at a discount to standard variable rates, but typically have ... It has also meant that the increase in interest
https://www.rba.gov.au/publications/fsr/2005/mar/box-b.html

Box B: Business Failure Risk in the COVID-19 Pandemic

9 Oct 2020 FSR – October 2020
However, the actual failure rate since the pandemic has been lower than can be explained by these support policies. ... support. The model assumes that the relationship between cash flow and failure is not linear in that the failure rate of businesses is
https://www.rba.gov.au/publications/fsr/2020/oct/box-b-business-failure-risk-in-the-covid-19-pandemic.html

Developments in the Financial System Architecture

10 Sep 2013 FSR – September 2013
To date, AFMA has relied on panellists to report their estimates of rates on prime bank bills and CDs. ... with industry to develop a code of practice for the clearing and settlement of cash equities in Australia.
https://www.rba.gov.au/publications/fsr/2013/sep/dev-fin-sys-arch.html

Household and Business Finances in Australia

8 Oct 2021 FSR – October 2021
This is partly explained by an increase in the share of fixed-rate mortgages – which typically limit prepayments – as many borrowers have taken advantage of very low interest rates on ... Aggregate cash holdings remained considerably higher than
https://www.rba.gov.au/publications/fsr/2021/oct/household-business-finances-in-australia.html

The Global Financial Environment

10 Mar 2015 FSR – March 2015
Between March and July 2014, the RBNZ also increased the overnight cash rate from 2.5 to 3.5 per cent. ... The RBNZ has attributed this recent increase to rising household incomes, falling interest rates on fixed-rate mortgages, strong migration inflows
https://www.rba.gov.au/publications/fsr/2015/mar/global-fin-env.html

Financial Intermediaries

10 Mar 2004 FSR – March 2004
Part of the difference is explained by the fact that many interest-only loans eventually convert to standard principal and interest loans. ... The vast bulk of the banks' foreign currency borrowing is fully hedged and hence does not carry exchange rate
https://www.rba.gov.au/publications/fsr/2004/mar/fin-intermed.html

Household and Business Balance Sheets

10 Sep 2012 FSR – September 2012
Although this arrears rate is low by international standards, it remains above its historical average. ... even in these regions, arrears rates have generally declined over the past year (Graph 3.10).
https://www.rba.gov.au/publications/fsr/2012/sep/house-bus-bal-sheet.html