Search: interbank overnight rate
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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Operations in Financial Markets
4 Sep 2008
RBA Annual Report
– 2008
The Reserve Bank Board implements monetary policy by setting a target for the cash rate – the interest rate on overnight unsecured loans in the interbank market. ... This rate affects interest rates in other wholesale and retail markets, which in turn
https://www.rba.gov.au/publications/annual-reports/rba/2008/balance-sheet.html
Financial Market Infrastructures
27 Sep 2022
PSB Annual Report
- 2022
PDF
858KB
https://www.rba.gov.au/publications/annual-reports/psb/2022/pdf/financial-market-infrastructures.pdf
Reserve Bank of Australia Annual Report 2020 - Operations in Financial Markets
14 Oct 2020
Annual Report
PDF
919KB
The cash rate is the interest rate on unsecured overnight loans between banks. ... The cash rate. The Reserve Bank is the administrator of the cash rate, which is a significant financial benchmark referenced in overnight indexed swaps and the ASX’s
https://www.rba.gov.au/publications/annual-reports/rba/2020/pdf/operations-in-financial-markets.pdf
Operations in Financial Markets
16 Oct 2013
RBA Annual Report
– 2013
During 2012/13, the overnight repo facility was accessed only twice. These arrangements create the incentive for account holders to recycle their settlement balances in the interbank market. ... activity. Since March, all banks that operate ES accounts
https://www.rba.gov.au/publications/annual-reports/rba/2013/ops-fin-mkts.html
Annual Performance Statement for 2019/20
12 Apr 2020
RBA Annual Report
– 2020
Financial Market operations. Achieve cash rate target. Overnight cash rate consistent with the target each business day. ... These measures resulted in higher system liquidity and, as expected, led to the cash rate, which reflects overnight interbank
https://www.rba.gov.au/publications/annual-reports/rba/2020/annual-performance-statement.html
Risk Management
12 Sep 2014
RBA Annual Report
– 2014
Interest paid on these deposits reflects domestic short-term interest rates, effectively hedging part of the interest rate exposure of the domestic asset portfolio. ... This involves the Bank receiving and sending collateral to cover exposures on foreign
https://www.rba.gov.au/publications/annual-reports/rba/2014/risk-mgmt.html
Performance of Australia's Payments Infrastructure during the Market Turbulence
2 Oct 2009
PSB Annual Report
– 2009
Some large adjustments were implemented, including sharp increases in margin rates for the major interest rate contracts traded on the Sydney Futures Exchange (SFE). ... With some banks finding it difficult to locate a willing lender, the end-of-day
https://www.rba.gov.au/publications/annual-reports/psb/2009/performance.html
Oversight of High-value Payment Systems
2 Oct 2013
PSB Annual Report
– 2013
To ensure RITS participants are not penalised for holding higher overnight balances for this purpose, the Bank has made arrangements to pay RITS participants the target cash rate on a proportion ... of their balances (rather than 25 basis points below
https://www.rba.gov.au/publications/annual-reports/psb/2013/oversight-high-value.html
Payments System Board Annual Report 2021
21 Oct 2021
PSB Annual Report
- 2021
PDF
1811KB
https://www.rba.gov.au/publications/annual-reports/psb/2021/pdf/psb-annual-report-2021.pdf
Reserve Bank of Australia Annual Report 2013 - Operations in Financial Markets
22 Oct 2013
RBA Annual Report
2013
PDF
638KB
https://www.rba.gov.au/publications/annual-reports/rba/2013/pdf/ops-fin-mkts.pdf