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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Bulletin June Quarter 2023
29 Sep 2023
Bulletin
- June 2023
PDF
7089KB
https://www.rba.gov.au/publications/bulletin/2023/jun/pdf/bulletin-2023-06.pdf
The Domestic Market for Short-term Debt Securities
10 Sep 2011
Bulletin
– September 2011
As noted above, that function is performed by interbank rates (namely, BBSW), as it is in most overseas markets. ... In the Australian market, overnight indexed swaps (OIS) are swaps referenced to the cash rate – the rate on unsecured loans in the
https://www.rba.gov.au/publications/bulletin/2011/sep/5.html
Liquidity, Financial Crises and the Lender of Last Resort – How Much of a Departure is the Sub-prime Crisis? | Conference – 2008
14 Jul 2008
Conferences
These combined features led to the emergence of historically large interest rate premia – and quantity-rationing of funds – in the domestic interbank markets in the United States, the United Kingdom and ... Extreme tightness of the interbank market
https://www.rba.gov.au/publications/confs/2008/davis.html
Real-time Gross Settlement in Australia
10 Sep 2010
Bulletin
– September 2010
The overall level of ESA balances is ultimately determined by the Reserve Bank's open market operations, aimed at maintaining the overnight cash rate at its target. ... During the Morning Settlement Session, only RITS and interbank Austraclear payments
https://www.rba.gov.au/publications/bulletin/2010/sep/8.html
The Introduction of Same-day Settlement of Direct Entry Obligations in Australia
19 Jun 2014
Bulletin
– June 2014
In November 2013, the Reserve Bank introduced changes to its Reserve Bank Information and Transfer System (RITS) to allow the same-day settlement of non-government direct entry obligations. This outcome met one of the objectives set by the Payments
https://www.rba.gov.au/publications/bulletin/2014/jun/7.html
Domestic Market Operations and Liquidity Facilities
21 Sep 2020
It is used as the reference rate for Australian dollar overnight indexed swaps (OIS) and the ASX's 30-day interbank cash rate futures contract. ... These ‘overnight’ repos are rarely used as the higher rate of interest attached to them creates the
https://www.rba.gov.au/mkt-operations/domestic-market-ops-and-standing-facilities.html
Financial Conditions and Downside Risk to Economic Activity in Australia
23 Mar 2021
RDP
2021-03
FCIs are constructed as a weighted average of a broad range of indicators, including asset prices, credit, money, interest rates and the exchange rate. ... Aus. 1974:Q4. 2020:Q3. LV. Interest rates and spreads. 3. Overnight cash rate (OCR).
https://www.rba.gov.au/publications/rdp/2021/2021-03/full.html
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Interest Rate Benchmark Reform
15 May 2018
Speech
Speech delivered by Guy Debelle, Deputy Governor, at ISDA Forum (Appearance via video link), Hong Kong
https://www.rba.gov.au/speeches/2018/sp-dg-2018-05-15-2.html
Market Operations in the Past Year
31 Oct 2008
Speech
Speech by Guy Debelle to the 2008 FTA Congress, Melbourne
https://www.rba.gov.au/speeches/2008/sp-ag-311008.html
Notes to and Forming Part of the Financials Statements
9 Aug 2023
RBA Annual Report
- 2022
PDF
284KB
https://www.rba.gov.au/publications/annual-reports/rba/2022/pdf/notes.pdf