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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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 Australian High-Value Payments System
10 Mar 2004
FSR
– March 2004
RITS is the hub of the Australian payments system, through which interbank payments are settled (Figure 1). ... Interbank lending and borrowing are generally settled as cash transfers between banks in this way.
https://www.rba.gov.au/publications/fsr/2004/mar/aus-high-val-pay-sys.html
Regulatory Developments
20 Oct 2018
FSR
– October 2018
Risk-free rates are typically based on overnight interbank markets where there are large volumes of transactions by many participants. ... One of these, the secured overnight financing rate (SOFR), was recommended by the Alternative Reference Rates
https://www.rba.gov.au/publications/fsr/2018/oct/regulatory-developments.html
The Australian Financial System
10 Sep 2013
FSR
– September 2013
The previous Review highlighted the potential challenges that a prolonged period of low interest rates pose to insurers' profitability. ... In Australia, the evidence to date is that the transition to central clearing of interest rate derivatives is
https://www.rba.gov.au/publications/fsr/2013/sep/aus-fin-sys.html
The Australian Financial System
10 Sep 2011
FSR
– September 2011
The impairment rate for other types of business loans has also moderated over 2011, but it is still higher than average. ... Impairment rates remain above average in these sectors, and are also high for the agriculture, forestry, fishing and mining
https://www.rba.gov.au/publications/fsr/2011/sep/aus-fin-sys.html
The Global Financial Environment
10 Sep 2011
FSR
– September 2011
In money markets, the spread between 3-month interbank lending rates (Euribor) and expected overnight rates has risen by more than 45 basis points since the start of August, to the ... Real interest rates in some fast-growing Asian economies have
https://www.rba.gov.au/publications/fsr/2011/sep/global-fin-env.html
Developments in the Financial System Architecture
20 Oct 2017
FSR
– October 2017
In particular, over recent years regulators have been working with benchmark administrators and market participants to strengthen the key interbank offered rates, including the bank bill swap rate (BBSW) in Australia. ... And in September, the European
https://www.rba.gov.au/publications/fsr/2017/oct/dev-fin-sys-arch.html
Developments in the Financial System Infrastructure
10 Mar 2008
FSR
– March 2008
In addition, there is a safety valve through which institutions experiencing temporary technical settlement problems can obtain overnight funding at 25 basis points above the cash rate target. ... In assessing their ability to meet a name crisis, the
https://www.rba.gov.au/publications/fsr/2008/mar/dev-sys-infra.html
Regulatory Developments
10 Apr 2018
FSR
– April 2018
The FSB, in an October progress report, noted that administrators of interbank offered rates (IBORs) are making progress on implementing recommended reforms. ... LIBOR). In April, the Federal Reserve Bank of New York began publishing three reference rates
https://www.rba.gov.au/publications/fsr/2018/apr/regulatory-developments.html
The Global Financial Environment
4 Oct 2019
FSR
– October 2019
Also, since the new rates are (near) risk free and often overnight rather than for longer terms, they are not perfect substitutes for the existing LIBOR. ... a decline in corporate lending rates, which could weigh on banks' interest margins, is expected
https://www.rba.gov.au/publications/fsr/2019/oct/global-financial-environment.html