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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Domestic Financial Conditions
3 Mar 2021
SMP
- February 2021
PDF
714KB
https://www.rba.gov.au/publications/smp/2021/feb/pdf/03-domestic-financial-conditions.pdf
An International Perspective on Monetary Policy Implementation Systems
26 Sep 2022
Bulletin
- June 2022
PDF
649KB
https://www.rba.gov.au/publications/bulletin/2022/jun/pdf/an-international-perspective-on-monetary-policy-implementation-systems.pdf
Developments in the Australian Repo Market
15 Sep 2016
Bulletin
– September 2016
The market for repurchase agreements (repos) – where cash is borrowed and lent using securities as collateral – plays an important role in the implementation of monetary policy and as a source of finance for the bond market. The Reserve Bank has
https://www.rba.gov.au/publications/bulletin/2016/sep/5.html
International and Foreign Exchange Markets
10 Aug 2013
SMP
– August 2013
The People's Bank of China (PBC) allowed liquidity conditions to tighten significantly in June, which saw interbank rates (such as the overnight SHIBOR) move sharply higher (Graph 2.4). ... Interbank rates have subsequently returned towards their
https://www.rba.gov.au/publications/smp/2013/aug/intl-fx-mkts.html
Recent Developments in the Cash Market
15 Jun 2023
Bulletin
– June 2023
Following the implementation of unconventional monetary policy measures during the COVID-19 pandemic, liquidity in the banking system rose significantly.
https://www.rba.gov.au/publications/bulletin/2023/jun/recent-developments-in-the-cash-market.html
Domestic Financial Conditions
10 Aug 2018
SMP
– August 2018
In contrast, conditions in the overnight interbank markets have remained little changed and the cash rate has continued to trade at the Board's target. ... Table 3.2 Intermediaries' Fixed and Variable Lending Rates. Interest rate. Change since August 2017
https://www.rba.gov.au/publications/smp/2018/aug/domestic-financial-conditions.html
An International Perspective on Monetary Policy Implementation Systems
16 Jun 2022
Bulletin
– June 2022
In response to the COVID-19 pandemic and building on policies introduced during the global financial crisis, central banks in advanced economies deployed balance sheet policies to support their economies and address disruptions to the smooth
https://www.rba.gov.au/publications/bulletin/2022/jun/an-international-perspective-on-monetary-policy-implementation-systems.html
The Rise of Chinese Money Market Funds
16 Mar 2017
Bulletin
– March 2017
Money market funds (MMFs) pool funds in an investment vehicle to invest in short-term, highly rated securities. The MMF sector in China has grown rapidly over the past few years and is now the world's second largest by assets, though it is small
https://www.rba.gov.au/publications/bulletin/2017/mar/9.html
Statement on Monetary Policy
30 Nov 2021
SMP
- November 2021
PDF
6102KB
https://www.rba.gov.au/publications/smp/2021/nov/pdf/statement-on-monetary-policy-2021-11.pdf
The RBA's Role in Processing the Fiscal Stimulus Payments
10 Aug 2009
Bulletin
– August 2009
Amongst other functions, the RBA operates the interbank settlement system, is responsible for the production of currency notes, and provides banking and payment services to around 90 Australian Government agencies. ... As this very large number of
https://www.rba.gov.au/publications/bulletin/2009/aug/1.html