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RBA Glossary definition for cash rate target

cash rate target – As in most developed countries, the stance of monetary policy in Australia is expressed in terms of a target for an overnight interest rate. The rate used by the Reserve Bank of Australia is the cash rate (also known as the interbank overnight rate). When the Reserve Bank Board decides that a change in monetary policy should occur, it specifies a new target for the cash rate. A decision to ease policy is reflected in a new lower target for the cash rate, while a decision to tighten policy is reflected in a higher target.

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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Sectoral Trends in Funding Patterns in the Australian Economy | Submission to the Financial System Inquiry – March 2014 | Financial Sector…

1 Mar 2014 Submissions
The interest-servicing ratio has since declined, reflecting the decline in corporate gearing and lower borrowing rates. ... generated funds, and the greater attractiveness of debt financing due to the low level of global interest rates.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/sectoral-trends-in-funding-patterns.html

List of tables | Submission to the Productivity Commission Inquiry on First Home Ownership – November 2003 | Housing and Housing Finance |…

1 Nov 2003 Submissions
d) England only. Table 5: Population and Household Growth. Average annual percentage rate. ... Table 6: Interest Rates, Household Debt and House Prices. 1983–1987. 1997–2003.
https://www.rba.gov.au/publications/submissions/housing-and-housing-finance/inquiry-productivity-commission-on-first-home/tables.html

Submission on Data Sharing and Release Legislation – August 2018 | Data Sharing | Submissions

1 Aug 2018 Submissions
This could apply to the Bank's dealing with individual counterparties in financial markets, including the Open Market Operations used to keep the Bank's policy interest rate at the target
https://www.rba.gov.au/publications/submissions/other/data-sharing-and-release-legislation/

Drivers of Demand | Submission to the Inquiry into Home Ownership June 2015 | Housing and Housing Finance | Submissions

1 Jun 2015 Submissions
Graph 20. Over the shorter term, fluctuations in interest rates can be expected to affect the demand for housing. ... By reducing the burden of debt repayments relative to income, lower interest rates may ease cash-flow constraints and increase borrowing
https://www.rba.gov.au/publications/submissions/housing-and-housing-finance/inquiry-into-home-ownership/drivers-of-demand.html

Appendix 1: Changes to Bank Regulations | Submission to the Inquiry into the Australian Banking Industry – January 1991 | Financial Sector…

1 Jan 1991 Submissions
1970. March. Savings bank deposit rates could be varied subject to the maximum rate set by the Reserve Bank. ... Trading banks were given increased freedom to negotiate interest rates on deposits greater than $50,000, subject to a maximum rate, for terms
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-australian-banking-industry/appendix-1.html

Lending Rates | Submission to the Inquiry into the Post-Global Financial Crisis Banking Sector – May 2012 | Financial Sector | Submissions

1 May 2012 Submissions
Download 1.2. MB. The spread between lending rates and the cash rate has increased by about 25 basis points over the past 12 months, which is in addition to the ... The forthcoming implementation of the Basel capital and liquidity standards is likely to
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-post-gfc-banking-sector-2012/lending-rates.html

List of tables | Submission to the Inquiry into Competition in the Banking and Non-Banking Sectors – August 2015 | Financial Sector |…

27 Aug 2015 Submissions
b) The higher rate applies if an account is deemed qualified (if spending on that account exceeds a card-specific threshold). ... India. Maximum INR20 (A$0.42). NA. Financial institutions must offer customers a number of fee-free cash withdrawals every
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/tables.html

Introduction | Submission to the Productivity Commission Inquiry – September 2017 | Financial Sector | Submissions

6 Sep 2017 Submissions
Regulatory changes have also encouraged this trend. While the effects have varied between deposit products, average deposit rates relative to the cash rate have risen, while average account fees have fallen; ... Measures aimed at open banking and
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/introduction.html

The Payments System | Supplementary Submission to the Financial System Inquiry – August 2014 | Financial Sector | Submissions

1 Aug 2014 Submissions
The highest credit card interchange fee category is currently 2 per cent, nearly double the highest rate applying in November 2003. ... Currently, US interchange rates can be as high as 3.25 per cent (plus 10 cents) for some transactions.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-08/payments-system.html

Submission to the Inquiry into Family Business in Australia – October 2012 | Financial Sector | Submissions

31 Oct 2012 Submissions
Submission to the Inquiry into Family Business in Australia - October 2012
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-family-business-2012.html