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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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Statement by Glenn Stevens, Governor: Monetary Policy Decision

4 Feb 2014 Media Releases
Announcement that the Board decided to leave the cash rate unchanged at 2.5 per cent
https://www.rba.gov.au/media-releases/2014/mr-14-01.html

Statement by the Governor, Mr Ian Macfarlane: Monetary Policy

3 Oct 2001 Media Releases
Announcement of reduction in the cash rate by 25 basis points to 4.50 per cent
https://www.rba.gov.au/media-releases/2001/mr-01-17.html

Early Release of Cash Rate Information by Bloomberg

3 Jul 2002 Media Releases
Bloomberg Financial Markets and News published a headline on the financial wire services before the RBA had announced its market dealing intentions
https://www.rba.gov.au/media-releases/2002/mr-02-13.html

Cash Rate Total Return Index

9 May 2016 Media Releases
The Reserve Bank of Australia has commenced publishing a Cash Rate Total Return Index (TRI), which members of the public can use as a benchmark with a risk-free rate of return.
https://www.rba.gov.au/media-releases/2016/mr-16-12.html

Statement by Michele Bullock, Governor: Monetary Policy Decision

7 Nov 2023 Media Releases
At its meeting today, the Board decided to raise the cash rate target by 25 basis points to 4.35 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-30.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

4 Jul 2023 Media Releases
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-16.html

Statement by Michele Bullock, Governor: Monetary Policy Decision

5 Dec 2023 Media Releases
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-35.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

5 Apr 2022 Media Releases
At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent.
https://www.rba.gov.au/media-releases/2022/mr-22-11.html

Statement by Philip Lowe, Governor: Monetary Policy Decision

1 Aug 2023 Media Releases
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.10 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.00 per cent.
https://www.rba.gov.au/media-releases/2023/mr-23-19.html

Statement by the Reserve Bank Board: Monetary Policy Decision

6 Feb 2024 Media Releases
At its meeting today, the Board decided to leave the cash rate target unchanged at 4.35 per cent and the interest rate paid on Exchange Settlement balances unchanged at 4.25 per cent.
https://www.rba.gov.au/media-releases/2024/mr-24-01.html