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RBA Glossary definition for interbank overnight rate

interbank overnight rate – The interbank overnight rate (also known as the cash rate) is the interest rate which banks pay or charge to borrow funds from or lend funds to other banks on an overnight unsecured basis. The Reserve Bank of Australia uses this rate as an operational target for the implementation of monetary policy. The Reserve Bank of Australia calculates and publishes this rate each day on the basis of data collected directly from banks. The interbank overnight rate has been published by the Reserve Bank of Australia since June 1998.

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2 May 2023
A glossary of terms used on the RBA website

Inter-Govt Govt Inter- bank Govt Federal Treasury security Prime ...

1 Jun 2023 Statistics PDF 186KB
The German ‘Interbank overnight rate’ is the Euro OverNight Index Average rate (EONIA), which is an effective overnight rate computed as a weighted average of all overnight unsecured lending transactions in ... The Thai ‘Interbank overnight rate

The Impact of Unconventional Monetary Policy on the Overnight Interbank Market | Conference – 2013

19 Aug 2013 Conferences
Morten L Bech and Cyril Monnet
That is, the substantial increase in excess reserves drove overnight interbank rates towards the rate at which the central bank remunerates reserves, namely the floor of the corridor. ... Therefore, the equilibrium overnight rate satisfies:. That is,. is

The Interbank Overnight Cash Market

14 Feb 2018 RDP 2018-01
Anthony Brassil and Gabriela Nodari
Download the Paper 1,628. KB. Banks use the market for unsecured overnight interbank loans (IBOC market) to manage their liquidity. ... The RBA, and many other central banks, have historically relied on surveys to collect information about overnight
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Discussion on The Impact of Unconventional Monetary Policy on the Overnight Interbank Market | Conference – 2013

19 Aug 2013 Conferences
However, the competitive market clearing condition yields a single overnight rate, which implies that the model is silent about the volatility of overnight rates. ... The model considers how unconventional monetary policy affects interbank interest rates,

Box D: Interbank Reference Rates

10 Aug 2012 SMP – August 2012
Many financial contracts, including those governing derivatives and debt securities, reference interbank interest rates. ... In contrast, overnight reference rates are usually compiled by the central bank as a weighted average of rates transacted within

Changes to Statistical Tables

24 May 2023 Statistics
From 12 April 2022, Table F1.1 will provide additional monthly data on the Cash Market, including the monthly average Highest Interbank Overnight Cash Rate, monthly average Lowest Interbank Overnight Cash ... 6 May 2020. From 6 May 2020, Table F1 will

The Chinese Interbank Repo Market

15 Jun 2017 Bulletin – June 2017
Ross Kendall and Jonathan Lees
The market for repurchase agreements (repos) is an important source of short-term funding for financial institutions operating in China. This article outlines the key features of Chinese repo markets, focusing on the interbank market, before

Recent Developments in Federal Reserve System Liquidity and Reserve Operations | Conference – 2008

14 Jul 2008 Conferences
Spence Hilton
Dislocations in these bank term funding markets spilled over into the overnight interbank funding market as well. ... Nonetheless, despite the elevated levels of intraday and interday rate volatility, the overnight rate – when averaged over longer

Discussion of The Impact of Unconventional Monetary Policy on the Overnight Interbank Market

19 Dec 2013 Conferences PDF 91KB
RBA Conference Volume 2013