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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The Australian High-Value Payments System
10 Mar 2004
FSR
– March 2004
RITS is the hub of the Australian payments system, through which interbank payments are settled (Figure 1). ... Interbank lending and borrowing are generally settled as cash transfers between banks in this way.
https://www.rba.gov.au/publications/fsr/2004/mar/aus-high-val-pay-sys.html
Abbreviations
27 Sep 2022
PSB Annual Report
- 2022
PDF
76KB
https://www.rba.gov.au/publications/annual-reports/psb/2022/pdf/abbreviations.pdf
Risk Management
9 Aug 2023
RBA Annual Report
- 2022
PDF
545KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/risk-management.pdf
Abbreviations
28 Sep 2022
PSB Annual Report
– 2022
IBOR. Interbank offered rate. ISO. International Organization for Standardization. IOSCO. International Organisation of Securities Commissions. ... LCR. Least-cost routing. LIBOR. London interbank offered rate. MOG. Multilateral Oversight Group for
https://www.rba.gov.au/publications/annual-reports/psb/2022/abbreviations.html
Reserve Bank of Australia Annual Report 2023
16 Oct 2023
RBA Annual Report
- 2023
PDF
801KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/operations-in-financial-markets.pdf
Financial Market Infrastructures
28 Sep 2022
PSB Annual Report
– September 2022
In October 2021, LCH Ltd undertook the conversion of Euro Overnight Index Average (EONIA) contracts to the euro short-term rate (STR) while London Interbank Offered Rate (LIBOR) contracts for Swiss ... franc, euro, British pound and Japanese yen were
https://www.rba.gov.au/publications/annual-reports/psb/2022/financial-market-infrastructures.html
Banking and Payment Services
27 Oct 2022
RBA Annual Report
– October 2022
The Bank achieved its competitive neutrality target rate of return in 2021/22. ... Australias interbank settlement system, the Reserve Bank Information and Transfer System (RITS), is owned and operated by the Reserve Bank.
https://www.rba.gov.au/publications/annual-reports/rba/2022/banking-and-payment-services.html
Banking and Payment Services
21 Oct 2021
RBA Annual Report
– 2021
The Bank must cost and price the services separately from its other activities and meet a prescribed minimum rate of return. ... For 2020/21, the Bank achieved its competitive neutrality target rate of return.
https://www.rba.gov.au/publications/annual-reports/rba/2021/banking-and-payment-services.html
Reserve Bank of Australia Annual Report 2023
1 May 2024
RBA Annual Report
- 2023
PDF
358KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/banking-and-payment-services.pdf
Reserve Bank of Australia Annual Report 2023
1 May 2024
RBA Annual Report
- 2023
PDF
9575KB
https://www.rba.gov.au/publications/annual-reports/rba/2023/pdf/rba-annual-report-2023.pdf