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 Markets
10 Feb 2012
SMP
– February 2012
Overnight index swap (OIS) rates now indicate an expectation that the Reserve Bank will reduce the cash rate to around 3 per cent later in the year. ... Rates on new fixed-rate mortgages have also fallen since the end of October.
https://www.rba.gov.au/publications/smp/2012/feb/dom-fin-mkts.html
Statement on Monetary Policy
23 Dec 2020
SMP
- November 2020
PDF
4697KB
https://www.rba.gov.au/publications/smp/2020/nov/pdf/statement-on-monetary-policy-2020-11.pdf
Domestic Financial Markets
10 Nov 2013
SMP
– November 2013
Rates on overnight indexed swaps (OIS) currently imply that the cash rate is likely to remain at 2.50 per cent over the next year (Graph 4.1). ... This reduced advertised rates on package variable-rate home loans to below the average advertised rate
https://www.rba.gov.au/publications/smp/2013/nov/dom-fin-mkts.html
International and Foreign Exchange Markets
15 Feb 2017
SMP
– February 2017
In China, the level and volatility of interbank interest rates has remained elevated in recent months. ... In China, the rise in yields partly reflects stronger Chinese economic activity and inflation data, and higher short-term interbank interest rates.
https://www.rba.gov.au/publications/smp/2017/feb/international-and-foreign-exchange-markets.html
Statement on Monetary Policy – May 2014
9 May 2014
SMP
– May 2014
PDF
2599KB
https://www.rba.gov.au/publications/smp/2014/may/pdf/0514.pdf
International and Foreign Exchange Markets
10 Aug 2011
SMP
– August 2011
interest rate will be lowered (to around 3 per cent under current conditions). ... In the interbank lending market this has been reflected in higher spreads between US dollar forward rates and overnight indexed swaps (OIS), while in foreign exchange
https://www.rba.gov.au/publications/smp/2011/aug/intl-fx-mkts.html
Statement on Monetary Policy - August 2012
15 Aug 2012
SMP
- August 2012
PDF
1879KB
https://www.rba.gov.au/publications/smp/2012/aug/pdf/0812.pdf
Domestic Financial Conditions
10 Feb 2020
SMP
- November 2018
PDF
2608KB
https://www.rba.gov.au/publications/smp/2018/nov/pdf/03-domestic-financial-conditions.pdf
International and Foreign Exchange Markets
13 Mar 2014
SMP
- February 2014
PDF
1856KB
https://www.rba.gov.au/publications/smp/2014/feb/pdf/intl-fx-mkts.pdf
Statement of Monetary Policy - August 2017
10 Feb 2020
SMP
PDF
6186KB
https://www.rba.gov.au/publications/smp/2017/aug/pdf/statement-on-monetary-policy-2017-08.pdf