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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Fallbacks for BBSW Securities
16 Jun 2022
Bulletin
– June 2022
The bank bill swap rate (BBSW) is an important short-term benchmark interest rate for Australian financial markets across various maturities.
https://www.rba.gov.au/publications/bulletin/2022/jun/fallbacks-for-bbsw-securities.html
June | 2019
20 Jun 2019
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2019/jun/
The Offshore Renminbi Market and Australia
18 Dec 2014
Bulletin
– December 2014
The Chinese authorities have continued to make progress in internationalising China's currency, the renminbi (RMB). In particular, the use of RMB for cross-border trade and investment transactions has increased noticeably over recent years and the
https://www.rba.gov.au/publications/bulletin/2014/dec/7.html
Topic: Payments
11 Sep 2018
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/payments/
Semi-Annual Statement on Monetary Policy
10 May 1999
Bulletin
– May 1999
Japan cut its target call rate from 0.25 per cent to 0.15 per cent in February and subsequently guided overnight interbank interest rates to (fractionally above) zero. ... overnight target interest rate to 4.75 per cent at the end of March.
https://www.rba.gov.au/publications/bulletin/1999/may/1.html
The Australian Money Market in a Global Crisis
10 Jun 2009
Bulletin
– June 2009
Interest rates in money markets move with expectations of the cash rate (the overnight indexed swap rate, or OIS), but are above that rate by what historically had been a small ... The rate set is calculated as a trimmed mean of the contributed rates.
https://www.rba.gov.au/publications/bulletin/2009/jun/2.html
Statement on Monetary Policy
10 Nov 2001
Bulletin
– November 2001
in rates, bringing the cash rate to 4.5 per cent. ... Current. policy rate Per cent. Korea. 125. 4.00. Taiwan. 250. 2.25.
https://www.rba.gov.au/publications/bulletin/2001/nov/1.html
Recent Developments in the Cash Market
15 Jun 2023
Bulletin
– June 2023
Following the implementation of unconventional monetary policy measures during the COVID-19 pandemic, liquidity in the banking system rose significantly.
https://www.rba.gov.au/publications/bulletin/2023/jun/recent-developments-in-the-cash-market.html
Domestic Market Operations and Liquidity Forecasting
10 Dec 2010
Bulletin
– December 2010
The cash rate in turn affects the broad spectrum of interest rates in the financial system and, consequently, economic activity and inflation. ... points above the target cash rate, is the rate at which institutions can access the Reserve Bank's standing
https://www.rba.gov.au/publications/bulletin/2010/dec/5.html
Semi-Annual Statement on Monetary Policy
10 Nov 1998
Bulletin
– November 1998
A similar pattern of short-term interest rates was evident in late August and early September as the exchange rate again fell heavily. ... The Bank of Japan's overnight rate was further reduced in September to 0.25 per cent.
https://www.rba.gov.au/publications/bulletin/1998/nov/1.html