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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Operations in Financial Markets
12 Apr 2020
RBA Annual Report
– 2020
The cash rate is the interest rate on unsecured overnight loans between banks. ... Sources: RBA. The Reserve Bank is the administrator of the cash rate, which is a significant financial benchmark referenced in overnight indexed swaps and the ASX's 30-day
https://www.rba.gov.au/publications/annual-reports/rba/2020/operations-in-financial-markets.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
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
Interest Rate Benchmarks
8 Sep 2017
Speech
Speech delivered by Guy Debelle, Deputy Governor, at the FINSIA Signature Event: The Regulators, Sydney
https://www.rba.gov.au/speeches/2017/sp-dg-2017-09-08.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
Appendix A: Data
31 Dec 2014
RDP
2014-11
RDP 2014-11: Exchange Rate Movements and the Australian Economy Appendix A: Data. ... Overnight cash rate: Overnight cash rate, averaged over the quarter. Nominal official cash rate until June 1998, and then the interbank overnight rate (RBA statistical
https://www.rba.gov.au/publications/rdp/2014/2014-11/appendix-a.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
The Global Financial Environment
10 Sep 2014
FSR
– September 2014
Spreads on short-term interbank loans remain close to their lowest levels since 2007. ... Over the past six months, the RBNZ has also increased the overnight cash rate by one percentage point.
https://www.rba.gov.au/publications/fsr/2014/sep/global-fin-env.html
The Future System for Monetary Policy Implementation
2 Apr 2024
Speech
Speech delivered by Christopher Kent, Assistant Governor (Financial Markets), Bloomberg Australia Briefing, Sydney
https://www.rba.gov.au/speeches/2024/sp-ag-2024-04-02.html
Domestic Financial Conditions
5 Nov 2020
SMP
– November 2020
14). The rates on 3-month bank bills (BBSW) have recently edged lower to be around 3 basis points, broadly in line with the overnight indexed swap rate (OIS). ... Graph 4.22. Table 4.1: Average Outstanding Housing Rates. September 2020. Interest rate.
https://www.rba.gov.au/publications/smp/2020/nov/domestic-financial-conditions.html