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
Regulators expect Australian institutions to cease the use of LIBOR in new contracts before the end of 2021
4 Jun 2021
Media Releases
Regulators in Australia are reiterating the importance of ensuring a timely transition away from the London Interbank Offered Rate (LIBOR).
https://www.rba.gov.au/media-releases/2021/mr-21-10.html
List of Media Releases Provided by Telerate, Reuters and Bloomberg
18 Aug 2005
Media Releases
List of Media Releases Provided by Telerate, Reuters and Bloomberg
https://www.rba.gov.au/media-releases/2005/mr-05-09-attach.html
Reform of Interbank Payments - A Proposal for Implementing Real Time Gross Settlement in Australia
5 Apr 1995
Media Releases
rates. It is envisaged that overnight funds in the market would trade at an interest rate marginally higher than the rate the Reserve Bank pays on ES balances (in the same ... way as there is now a difference between the official and unofficial cash rates
https://www.rba.gov.au/media-releases/1995/mr-95-05-attach-2.html
December: 1997-Settlement Practices in the Australian Foreign Exchange Market
9 Mar 2023
Media Release
be required to be held against exchange rate risk, from the time that the transaction is entered into until settlement). ... have been disregarded and the time of interbank settlement in the relevant currency has been substituted.
https://www.rba.gov.au/media-releases/1997/mr-97-22-fxsp/settlement-practices-aus-fx-market.html
A Proposal for Implementing Real Time Gross Settlement in Australia (Media Release 1995-05 attachment 2)
13 Aug 2004
Media Release
PDF
178KB
rates. It is envisaged that overnight funds in the market would trade at an interest rate marginally higher than the rate the Reserve Bank pays on ES balances (in the same ... way as there is now a difference between the official and unofficial cash rates
https://www.rba.gov.au/media-releases/1995/pdf/mr-95-05-attach-2.pdf
2022 Triennial Central Bank Survey Results for Foreign Exchange and Derivative Markets – Australia
28 Oct 2022
Media Releases
Around half of the average daily turnover of interest rate swaps in the Australian market reflected turnover in overnight indexed swaps (OIS). ... d) 2019 survey distinguished for the first time between overnight index swaps (OIS) and other interest rate
https://www.rba.gov.au/media-releases/2022/mr-22-35-tables.html
Regulators urge Australian institutions to adhere to the ISDA IBOR Fallbacks Protocol and Supplement
12 Oct 2020
Media Releases
Regulators and industry are taking further steps to transition away from LIBOR, which is expected to cease after the end of 2021.
https://www.rba.gov.au/media-releases/2020/mr-20-25.html
Changes to Eligible Securities and Margining for Domestic Market Operations
16 Nov 2011
Media Releases
Interest rate arrangements for the Bank's intraday and overnight repo facilities are unchanged. ... Overnight repos will be contracted at 25 basis points above the cash rate target, while all intraday repos will be provided without any interest charge.
https://www.rba.gov.au/media-releases/2011/mr-11-26.html
Changes to the Reserve Bank's Dealing Arrangements and the Prime Assets Requirements (PAR)
10 Jun 1997
Media Releases
Announcement of changes to the Reserve Bank's dealing arrangements and the Prime Assets Requirement (PAR)
https://www.rba.gov.au/media-releases/1997/mr-97-11.html
Attachment
1 Nov 2001
Media Release
PDF
31KB
These operations affect the balance of supply and demand for overnight funds and hence the overnight cash rate i.e. ... Since 23 January 1990, overnight cash rates have been reduced on eleven occasions as follows:.
https://www.rba.gov.au/media-releases/1992/pdf/mr-92-03-attach.pdf