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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Business Services
31 Aug 2007
RBA Annual Report
– 2007
In addition to RTGS payments, RITS settles two batches of netted interbank payments each day. ... This, combined with the relatively low counterfeiting rates, suggests that printing banknotes on polymer substrate continues to be a significant inhibiting
https://www.rba.gov.au/publications/annual-reports/rba/2007/bus-serv.html
Risk in the Payments System
13 Sep 2007
PSB Annual Report
– 2007
These developments include:. the introduction of RTGS in 1998, which greatly reduced the build-up of interbank credit exposures during the course of the payments day;. ... the introduction of a standing facility in 1997 that allows institutions with
https://www.rba.gov.au/publications/annual-reports/psb/2007/risk-payments.html
Risk Management
25 Oct 2010
RBA Annual Report
– 2010
overnight cash rate remains close to its target level. ... The Reserve Bank has little exposure to interest rate movements on its balance sheet obligations because of the unique nature of its liabilities.
https://www.rba.gov.au/publications/annual-reports/rba/2010/risk-mgnt.html
Business Services
2 Sep 2003
RBA Annual Report
– 2003
In addition to RTGS payments, RITS settles two batches of netted interbank payments each day. ... The rate of counterfeiting remains very low compared with the experience of other countries.
https://www.rba.gov.au/publications/annual-reports/rba/2003/bus-serv.html
Trends in Payments, Clearing and Settlement Systems
15 Oct 2020
PSB Annual Report
– 2020
Larger merchants are more likely to benefit from favourable interchange rates from card schemes. ... RITS also facilitates the multilateral net settlement of interbank obligations arising from other systems.
https://www.rba.gov.au/publications/annual-reports/psb/2020/trends-in-payments-clearing-and-settlement-systems.html
Operations in Financial Markets
21 Aug 2002
RBA Annual Report
– 2002
In Australia's case it is the cash rate – the interest rate at which banks borrow and lend overnight funds among themselves. ... Also, the interest rate earned is essentially an Australian dollar interest rate; any difference in the general levels of
https://www.rba.gov.au/publications/annual-reports/rba/2002/oper-fin-mkts.html
Trends in Payments, Clearing and Settlement Systems
17 Oct 2019
PSB Annual Report
– 2019
Number. (b). Annual Growth. Value. (b). Annual Growth. Interbank settlement value in RITS. ... 22). Interest rate swaps and overnight index swaps (OIS) account for the majority of outstanding AUD positions, while basis swaps, zero-coupon swaps and
https://www.rba.gov.au/publications/annual-reports/psb/2019/trends-in-payments-clearing-and-settlement-systems.html
Business Services
28 Aug 2006
RBA Annual Report
– 2006
the operation of Australia's high-value payments and interbank settlement systems; and. ... This is about the same rate of growth as the average rate of growth for the note issue since 2000, although the growth rates have been volatile from year to year,
https://www.rba.gov.au/publications/annual-reports/rba/2006/bus-serv.html
Trends in Payments, Clearing and Settlement Systems
14 Sep 2017
PSB Annual Report
– 2017
While this fraud rate is close to that recorded in the United Kingdom, it is high compared with most other European countries, many of which have rates of card fraud that ... RITS also facilitates the interbank settlement of the payment leg of securities
https://www.rba.gov.au/publications/annual-reports/psb/2017/trends-in-payments-clearing-and-settlement-systems.html
Business Services
21 Aug 2002
RBA Annual Report
– 2002
In addition to RTGS payments, RITS settles two batches of netted interbank payments each day. ... This rate remains very low by international standards. Much of the increase was attributable to counterfeiting of the $50 note.
https://www.rba.gov.au/publications/annual-reports/rba/2002/bus-serv.html