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 Sep 2014
RBA Annual Report
– 2014
To assess whether the target has been achieved, the Reserve Bank collects data from ES account holders on their unsecured borrowing and lending in the overnight interbank market. ... Prior to this change, the Bank had still been capturing around 85 per
https://www.rba.gov.au/publications/annual-reports/rba/2014/ops-fin-mkts.html
Operations in Financial Markets
20 Sep 2018
RBA Annual Report
– 2018
The Reserve Bank Board's operational target for monetary policy is the cash rate – the rate at which banks borrow and lend to each other on an overnight, unsecured basis. ... The cash rate is also a significant financial benchmark referenced in
https://www.rba.gov.au/publications/annual-reports/rba/2018/operations-in-financial-markets.html
Operations in Financial Markets
16 Oct 2015
RBA Annual Report
– 2015
To assess whether the target has been achieved, each day the Reserve Bank collects data from Exchange Settlement (ES) account holders on their unsecured borrowing and lending in the overnight interbank ... to advance funds overnight against eligible
https://www.rba.gov.au/publications/annual-reports/rba/2015/operations-in-financial-markets.html
Operations in Financial Markets
4 Sep 2008
RBA Annual Report
– 2008
The Reserve Bank Board implements monetary policy by setting a target for the cash rate – the interest rate on overnight unsecured loans in the interbank market. ... This rate affects interest rates in other wholesale and retail markets, which in turn
https://www.rba.gov.au/publications/annual-reports/rba/2008/balance-sheet.html
Operations in Financial Markets
16 Oct 2013
RBA Annual Report
– 2013
During 2012/13, the overnight repo facility was accessed only twice. These arrangements create the incentive for account holders to recycle their settlement balances in the interbank market. ... activity. Since March, all banks that operate ES accounts
https://www.rba.gov.au/publications/annual-reports/rba/2013/ops-fin-mkts.html
Performance of Australia's Payments Infrastructure during the Market Turbulence
2 Oct 2009
PSB Annual Report
– 2009
Some large adjustments were implemented, including sharp increases in margin rates for the major interest rate contracts traded on the Sydney Futures Exchange (SFE). ... With some banks finding it difficult to locate a willing lender, the end-of-day
https://www.rba.gov.au/publications/annual-reports/psb/2009/performance.html
Risk Management
12 Sep 2014
RBA Annual Report
– 2014
Interest paid on these deposits reflects domestic short-term interest rates, effectively hedging part of the interest rate exposure of the domestic asset portfolio. ... This involves the Bank receiving and sending collateral to cover exposures on foreign
https://www.rba.gov.au/publications/annual-reports/rba/2014/risk-mgmt.html
Oversight of High-value Payment Systems
2 Oct 2013
PSB Annual Report
– 2013
To ensure RITS participants are not penalised for holding higher overnight balances for this purpose, the Bank has made arrangements to pay RITS participants the target cash rate on a proportion ... of their balances (rather than 25 basis points below
https://www.rba.gov.au/publications/annual-reports/psb/2013/oversight-high-value.html
Annual Performance Statement for 2019/20
12 Apr 2020
RBA Annual Report
– 2020
Financial Market operations. Achieve cash rate target. Overnight cash rate consistent with the target each business day. ... These measures resulted in higher system liquidity and, as expected, led to the cash rate, which reflects overnight interbank
https://www.rba.gov.au/publications/annual-reports/rba/2020/annual-performance-statement.html
Accountability and Communication
25 Sep 2017
RBA Annual Report
– 2017
the labour market; the interbank overnight cash market; productivity; and consumption. ... The Bank's annual conference for 2017 was held in March and focused on monetary policy and financial stability in a world of low interest rates.
https://www.rba.gov.au/publications/annual-reports/rba/2017/accountability-and-communication.html