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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Domestic Financial Conditions
4 Feb 2021
SMP
– February 2021
The rates on 3-month bank bills (BBSW) have edged lower to be around 1 basis point, slightly below the overnight indexed swap (OIS) rate. ... Basis points. Table 3.1: Average Outstanding Housing Rates. December 2020. Variable-rate loans. –
https://www.rba.gov.au/publications/smp/2021/feb/domestic-financial-conditions.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
Box B: Recent Developments in Foreign Exchange Markets
8 May 2020
SMP
– May 2020
For example, the basis derived from interbank rates on 3-month foreign exchange swaps in which Japanese yen were swapped for US dollars (i.e., where yen served as collateral for ... those that are derived from overnight indexed swap markets (therefore
https://www.rba.gov.au/publications/smp/2020/may/box-b-recent-developments-in-foreign-exchange-markets.html
Domestic Financial Conditions
27 Nov 2018
SMP
– November 2018
In contrast to other money markets, conditions in the overnight interbank markets have remained stable and the cash rate has continued to trade at the Reserve Bank Board's target. ... Table 3.1 Intermediaries' Fixed and Variable Lending Rates. Interest
https://www.rba.gov.au/publications/smp/2018/nov/domestic-financial-conditions.html
Domestic Financial Conditions
10 Aug 2018
SMP
– August 2018
In contrast, conditions in the overnight interbank markets have remained little changed and the cash rate has continued to trade at the Board's target. ... Table 3.2 Intermediaries' Fixed and Variable Lending Rates. Interest rate. Change since August 2017
https://www.rba.gov.au/publications/smp/2018/aug/domestic-financial-conditions.html
The International Environment
10 May 2018
SMP
– May 2018
Graph 1.13. These increases have been greater than the rises in money market rates that have resulted from increases in the US monetary policy rate. ... The rises in money market rates (relative to the overnight indexed swaps (OIS) rate) appear to
https://www.rba.gov.au/publications/smp/2018/may/the-international-environment.html
Domestic Financial Markets
15 May 2017
SMP
– May 2017
Rates on overnight indexed swaps (OIS) suggest that the cash rate is likely to remain unchanged over the remainder of this year (Graph 4.1). ... In particular, the unsecured interbank overnight interest rate – the cash rate – has continued to trade
https://www.rba.gov.au/publications/smp/2017/may/domestic-financial-markets.html
Domestic Financial Markets
15 Feb 2017
SMP
– February 2017
Rates on overnight indexed swaps (OIS) imply that markets expect the cash rate to remain unchanged over the course of this year (Graph 4.1). ... The unsecured interbank overnight interest rate – the cash rate – has continued to trade at the Reserve
https://www.rba.gov.au/publications/smp/2017/feb/domestic-financial-markets.html
International and Foreign Exchange Markets
15 Feb 2017
SMP
– February 2017
In China, the level and volatility of interbank interest rates has remained elevated in recent months. ... In China, the rise in yields partly reflects stronger Chinese economic activity and inflation data, and higher short-term interbank interest rates.
https://www.rba.gov.au/publications/smp/2017/feb/international-and-foreign-exchange-markets.html
Domestic Financial Markets
10 Nov 2016
SMP
– November 2016
Rates on overnight indexed swaps (OIS) imply some chance of a further reduction in the cash rate over the year ahead (Graph 4.1). ... The unsecured interbank overnight interest rate – the cash rate – has continued to trade at the Reserve Bank's target
https://www.rba.gov.au/publications/smp/2016/nov/domestic-financial-markets.html