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 Introduction of Same-day Settlement of Direct Entry Obligations in Australia
19 Jun 2014
Bulletin
– June 2014
In November 2013, the Reserve Bank introduced changes to its Reserve Bank Information and Transfer System (RITS) to allow the same-day settlement of non-government direct entry obligations. This outcome met one of the objectives set by the Payments
https://www.rba.gov.au/publications/bulletin/2014/jun/7.html
Real-time Gross Settlement in Australia
10 Sep 2010
Bulletin
– September 2010
The overall level of ESA balances is ultimately determined by the Reserve Bank's open market operations, aimed at maintaining the overnight cash rate at its target. ... During the Morning Settlement Session, only RITS and interbank Austraclear payments
https://www.rba.gov.au/publications/bulletin/2010/sep/8.html
Domestic Financial Conditions
5 Nov 2020
SMP
– November 2020
14). The rates on 3-month bank bills (BBSW) have recently edged lower to be around 3 basis points, broadly in line with the overnight indexed swap rate (OIS). ... Graph 4.22. Table 4.1: Average Outstanding Housing Rates. September 2020. Interest rate.
https://www.rba.gov.au/publications/smp/2020/nov/domestic-financial-conditions.html
The Reserve Bank's Open Market Operations
10 Jun 2003
Bulletin
– June 2003
The cash rate is determined in the interbank market for unsecured overnight loans. ... The Reserve Bank conducts a daily survey of the interest rates paid in the interbank cash market.
https://www.rba.gov.au/publications/bulletin/2003/jun/1.html
Box D: Bank Bill Swap Benchmark Rates
7 Nov 2013
SMP
– November 2013
PDF
45KB
https://www.rba.gov.au/publications/smp/2013/nov/pdf/box-d.pdf
Bulletin June Quarter 2023
29 Sep 2023
Bulletin
- June 2023
PDF
7089KB
https://www.rba.gov.au/publications/bulletin/2023/jun/pdf/bulletin-2023-06.pdf
Domestic Financial Conditions
4 Feb 2021
SMP
– February 2021
The rates on 3-month bank bills (BBSW) have edged lower to be around 1 basis point, slightly below the overnight indexed swap (OIS) rate. ... Basis points. Table 3.1: Average Outstanding Housing Rates. December 2020. Variable-rate loans. –
https://www.rba.gov.au/publications/smp/2021/feb/domestic-financial-conditions.html
International and Foreign Exchange Markets
10 Feb 2014
SMP
– February 2014
The resulting decline in excess liquidity has contributed to a rise in interbank rates, with a marked spike over year-end and again in January (Graph 2.3). ... Liquidity in Chinese money markets has continued to tighten over recent months, with the
https://www.rba.gov.au/publications/smp/2014/feb/intl-fx-mkts.html
2019
8 Feb 2019
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2019/
Box E: Yields on Sovereign Debt
10 May 2012
SMP
– May 2012
Within the Australian market, bank bill swap reference rates (BBSW) are generally used to determine floating rate payments. ... Table E1 shows yields on a range of sovereign debt, as well as spreads on sovereign debt when swapped against 6-month
https://www.rba.gov.au/publications/smp/2012/may/box-e.html