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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Statement on Monetary Policy – August 2011
5 Sep 2011
SMP
– August 2011
PDF
2031KB
https://www.rba.gov.au/publications/smp/2011/aug/pdf/0811.pdf
Statement on Monetary Policy - November 2017
10 Feb 2020
SMP
PDF
6296KB
Statement of Monetary Policy - November 2017
https://www.rba.gov.au/publications/smp/2017/nov/pdf/statement-on-monetary-policy-2017-11.pdf
Economic Outlook
7 May 2015
SMP
- May 2015
PDF
188KB
https://www.rba.gov.au/publications/smp/2015/may/pdf/eco-outlook.pdf
Statement on Monetary Policy
15 Feb 2006
SMP
PDF
585KB
Reserve Bank of Australia Bulletin February 2005
https://www.rba.gov.au/publications/smp/2006/feb/pdf/bu-0206-1.pdf
Domestic Financial Markets
5 Nov 2015
SMP
- November 2015
PDF
573KB
https://www.rba.gov.au/publications/smp/2015/nov/pdf/04-domestic-financial-markets.pdf
RBA Submission to the Inquiry into Competition in the Banking and Non-Banking Sectors
11 Jul 2008
Submissions
PDF
147KB
Inquiry into Competition in the Banking and Non-Banking Sectors
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-competition-in-banking-and-non-banking-sector/pdf/inquiry-competition-in-banking-and-non-banking-sector.pdf
Domestic Financial Markets
10 Feb 2012
SMP
– February 2012
Overnight index swap (OIS) rates now indicate an expectation that the Reserve Bank will reduce the cash rate to around 3 per cent later in the year. ... Most bank and non-bank lenders lowered their variable housing loan indicator rates in line with the
https://www.rba.gov.au/publications/smp/2012/feb/dom-fin-mkts.html
Price and Wage Developments
10 May 2009
SMP
– May 2009
been significantly affected by reductions in the cash rate. ... Over the past half year, mortgage rates have fallen significantly as the cash rate has fallen, while average deposit rates have fallen by less, reflecting both the inertia in some (low-
https://www.rba.gov.au/publications/smp/2009/may/price-wage-dev.html
Productivity Commission Inquiry on First Home Ownership
14 Nov 2003
Submissions
PDF
438KB
much stronger position to compete than first-time buyers. 2. 5. Mortgage interest rates have been relatively stable at a low rate now for the past. ... remained relatively steady, while the rates for most age groups have declined, is explained.
https://www.rba.gov.au/publications/submissions/housing-and-housing-finance/inquiry-productivity-commission-on-first-home/pdf/inquiry-productivity-commission-on-first-home.pdf
Supplementary Submission to the Financial System Inquiry - 13 January 1997 (Published as Occasional Paper No. 15)
23 Jun 2010
Submissions
PDF
116KB
Cash management trusts,which are often incorrectly viewed as deposits, have failed to increase theirmarket share over the past decade. ... Retail customers (refer (1) on Diagram 4) had to visit branches toapply for loans, make deposits and withdraw cash.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-supplement-1997/pdf/financial-system-inquiry-supplement-1997.pdf