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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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
Domestic Financial Conditions
27 Nov 2018
SMP
– November 2018
In contrast to other money markets, conditions in the overnight interbank markets have remained stable and the cash rate has continued to trade at the Reserve Bank Board's target. ... Table 3.1 Intermediaries' Fixed and Variable Lending Rates. Interest
https://www.rba.gov.au/publications/smp/2018/nov/domestic-financial-conditions.html
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
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
International and Foreign Exchange Markets
10 Nov 2013
SMP
– November 2013
The ECB has noted that it is prepared to respond if the resulting decline in liquidity exerts unwanted upward pressure on interbank interest rates. ... of Turkey raised the rate it charges banks on overnight loans by 50 basis points in August.
https://www.rba.gov.au/publications/smp/2013/nov/intl-fx-mkts.html
International and Foreign Exchange Markets
10 Nov 2007
SMP
– November 2007
These pressures on liquidity in the interbank funding markets saw interest rates in short-term money markets spike higher (Graph 18). ... Spreads between the London Interbank Offered Rate (LIBOR) and the expected fed funds rate rose by over 80 basis
https://www.rba.gov.au/publications/smp/2007/nov/intl-fx-mkts.html
Box B: Recent Developments in Foreign Exchange Markets
8 May 2020
SMP
– May 2020
For example, the basis derived from interbank rates on 3-month foreign exchange swaps in which Japanese yen were swapped for US dollars (i.e., where yen served as collateral for ... those that are derived from overnight indexed swap markets (therefore
https://www.rba.gov.au/publications/smp/2020/may/box-b-recent-developments-in-foreign-exchange-markets.html
Domestic Financial Conditions
6 Nov 2020
SMP
- November 2020
PDF
761KB
https://www.rba.gov.au/publications/smp/2020/nov/pdf/04-domestic-financial-conditions.pdf
Domestic Financial Markets
15 Feb 2017
SMP
– February 2017
Rates on overnight indexed swaps (OIS) imply that markets expect the cash rate to remain unchanged over the course of this year (Graph 4.1). ... The unsecured interbank overnight interest rate – the cash rate – has continued to trade at the Reserve
https://www.rba.gov.au/publications/smp/2017/feb/domestic-financial-markets.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