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.
Search Results
Domestic Financial Markets
15 May 2017
SMP
– May 2017
Rates on overnight indexed swaps (OIS) suggest that the cash rate is likely to remain unchanged over the remainder of this year (Graph 4.1). ... In particular, the unsecured interbank overnight interest rate – the cash rate – has continued to trade
https://www.rba.gov.au/publications/smp/2017/may/domestic-financial-markets.html
Domestic Financial Markets
10 Nov 2016
SMP
– November 2016
Rates on overnight indexed swaps (OIS) imply some chance of a further reduction in the cash rate over the year ahead (Graph 4.1). ... The unsecured interbank overnight interest rate – the cash rate – has continued to trade at the Reserve Bank's target
https://www.rba.gov.au/publications/smp/2016/nov/domestic-financial-markets.html
The International Environment
10 May 2018
SMP
– May 2018
Graph 1.13. These increases have been greater than the rises in money market rates that have resulted from increases in the US monetary policy rate. ... The rises in money market rates (relative to the overnight indexed swaps (OIS) rate) appear to
https://www.rba.gov.au/publications/smp/2018/may/the-international-environment.html
Statement on Monetary Policy
12 May 2020
SMP
- May 2020
PDF
3719KB
https://www.rba.gov.au/publications/smp/2020/may/pdf/statement-on-monetary-policy-2020-05.pdf
Statement on Monetary Policy
3 Mar 2021
SMP
- February 2021
PDF
3481KB
https://www.rba.gov.au/publications/smp/2021/feb/pdf/statement-on-monetary-policy-2021-02.pdf
The International Environment
30 Nov 2021
SMP
- November 2021
PDF
2350KB
https://www.rba.gov.au/publications/smp/2021/nov/pdf/01-the-international-environment.pdf
International and Foreign Exchange Markets
10 May 2014
SMP
– May 2014
The decline in the ECB's balance sheet has seen excess liquidity fall to around 100 billon, which has pushed the overnight interbank rate towards the main policy rate, after trading ... Pricing of interest rate swaps imply that market participants expect
https://www.rba.gov.au/publications/smp/2014/may/intl-fx-mkts.html
Domestic Financial Markets
10 May 2013
SMP
– May 2013
Rates on overnight indexed swaps (OIS) currently imply an expectation of a reduction in the cash rate target to 2.5 per cent in the second half of the year ... While RMBS issuance spreads have declined, the interest rate on the mortgages in the
https://www.rba.gov.au/publications/smp/2013/may/dom-fin-mkts.html
Domestic Financial Markets
10 Nov 2011
SMP
– November 2011
The average rate on major banks' new term deposit ‘specials’ fell by around 40 basis points over the past quarter, reflecting the decline in market benchmark rates (Graph 4.6). ... Most banks have announced reductions in their indicator rates on
https://www.rba.gov.au/publications/smp/2011/nov/dom-fin-mkts.html
Domestic Financial Markets
10 Feb 2020
SMP
- May 2017
PDF
2431KB
https://www.rba.gov.au/publications/smp/2017/may/pdf/04-domestic-financial-markets.pdf