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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Statement by the Governor, Mr Bernie Fraser: Reduction in Interest Rates
23 Mar 1993
Media Releases
Announcement of reduction in the cash rate by 0.5 percent to 5.25 per cent
https://www.rba.gov.au/media-releases/1993/mr-93-05.html
Statement by the Governor, Mr Bernie Fraser: Monetary Policy
8 Jul 1992
Media Releases
Announcement of reduction in the cash rate by 75 basis points to 5.75 per cent
https://www.rba.gov.au/media-releases/1992/mr-92-18.html
Statement by the Governor, Mr Bernie Fraser: Monetary Policy
6 May 1992
Media Releases
Announcement of reduction in the cash rate by 1 percentage point to 6.50 per cent
https://www.rba.gov.au/media-releases/1992/mr-92-11.html
Statement by the Governor, Mr Bernie Fraser: Further Reduction in Interest Rates
8 Jan 1992
Media Releases
Announcement of reduction in the cash rate by 1 percentage point
https://www.rba.gov.au/media-releases/1992/mr-92-03.html
Statement by the Governor, Mr Bernie Fraser: Monetary Policy
6 Nov 1991
Media Releases
Announcement of reduction in the cash rate by 1 percentage point to 8.50 per cent
https://www.rba.gov.au/media-releases/1991/mr-91-21.html