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 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
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
International and Foreign Exchange Markets
10 Nov 2007
SMP
– November 2007
These pressures on liquidity in the interbank funding markets saw interest rates in short-term money markets spike higher (Graph 18). ... Spreads between the London Interbank Offered Rate (LIBOR) and the expected fed funds rate rose by over 80 basis
https://www.rba.gov.au/publications/smp/2007/nov/intl-fx-mkts.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
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
10 May 2014
SMP
– May 2014
The decline in the ECB's balance sheet has seen excess liquidity fall to around 100 billon, which has pushed the overnight interbank rate towards the main policy rate, after trading ... Pricing of interest rate swaps imply that market participants expect
https://www.rba.gov.au/publications/smp/2014/may/intl-fx-mkts.html
Domestic Financial Markets
10 Nov 2013
SMP
– November 2013
Rates on overnight indexed swaps (OIS) currently imply that the cash rate is likely to remain at 2.50 per cent over the next year (Graph 4.1). ... This reduced advertised rates on package variable-rate home loans to below the average advertised rate
https://www.rba.gov.au/publications/smp/2013/nov/dom-fin-mkts.html
Domestic Financial Markets
10 May 2013
SMP
– May 2013
Rates on overnight indexed swaps (OIS) currently imply an expectation of a reduction in the cash rate target to 2.5 per cent in the second half of the year ... While RMBS issuance spreads have declined, the interest rate on the mortgages in the
https://www.rba.gov.au/publications/smp/2013/may/dom-fin-mkts.html
Domestic Financial Markets
10 Nov 2011
SMP
– November 2011
The average rate on major banks' new term deposit ‘specials’ fell by around 40 basis points over the past quarter, reflecting the decline in market benchmark rates (Graph 4.6). ... Most banks have announced reductions in their indicator rates on
https://www.rba.gov.au/publications/smp/2011/nov/dom-fin-mkts.html