Search: cash rate explained
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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Overview
6 Feb 2024
SMP
– February 2024
Overview | Statement on Monetary Policy – February 2024
https://www.rba.gov.au/publications/smp/2024/feb/overview.html
Outlook
6 Feb 2024
SMP
– February 2024
Outlook | Statement on Monetary Policy – February 2024
https://www.rba.gov.au/publications/smp/2024/feb/outlook.html
Domestic Financial Conditions
5 Aug 2022
SMP
– August 2022
Some lenders have also announced the full pass-through of the August increase in the cash rate to housing reference rates. ... These tend to be priced with reference to BBSW rates, which moved higher earlier in anticipation of increases in the cash rate.
https://www.rba.gov.au/publications/smp/2022/aug/domestic-financial-conditions.html
Domestic Financial Conditions
10 Feb 2019
SMP
– February 2019
Meanwhile, the cash rate has continued to trade at the Reserve Bank Board's target. ... Even taking the recent increases in housing lending rates into account, these rates are at very low levels compared with history, consistent with the low level of the
https://www.rba.gov.au/publications/smp/2019/feb/domestic-financial-conditions.html
Domestic Financial Conditions
4 Aug 2023
SMP
– August 2023
Domestic Financial Conditions | Statement on Monetary Policy – August 2023
https://www.rba.gov.au/publications/smp/2023/aug/domestic-financial-conditions.html
Domestic Financial Conditions
5 Nov 2021
SMP
– November 2021
the yield target in assisting to hold down the general structure of interest rates in Australia as expectations of the future cash rate path shifted. ... Graph 3.10. Short-term money market rates remain near historical lows given the low level of the
https://www.rba.gov.au/publications/smp/2021/nov/domestic-financial-conditions.html
Domestic Financial Conditions
10 May 2018
SMP
– May 2018
The Reserve Bank has maintained the cash rate target at 1.5 per cent since August 2016. ... Meanwhile, the cash rate has continued to trade at the Board's target.
https://www.rba.gov.au/publications/smp/2018/may/domestic-financial-conditions.html
Domestic Financial Conditions
5 May 2023
SMP
– May 2023
Domestic Financial Conditions | Statement on Monetary Policy – May 2023
https://www.rba.gov.au/publications/smp/2023/may/domestic-financial-conditions.html
Domestic Financial Conditions
4 Feb 2021
SMP
– February 2021
Graph 3.12. Short-term money market rates are at historically low levels owing to the low level of the cash rate and the large amount of liquidity in the banking ... Following the reduction in the cash rate target and the remuneration on ES balances in
https://www.rba.gov.au/publications/smp/2021/feb/domestic-financial-conditions.html
Forecast table – August 2023
4 Aug 2023
SMP
3.0. 3.3. 3.1. Unemployment rate (quarterly, %). 3.6. 3.9. 4.2. 4.4. ... 3.1. 2.8. (a) Forecasts finalised 2 August. The forecasts are conditioned on a path for the cash rate broadly in line with expectations derived from surveys of professional
https://www.rba.gov.au/publications/smp/2023/aug/forecasts.html