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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Identifying Repo Market Microstructure from Securities Transactions Data
16 Aug 2018
RDP
2018-09
banking, financial markets, interest rates, modelling, money. Interbank repo markets are arguably just as important as unsecured markets. ... From 2006 to 2015, the distribution of repo-rate spreads (to the cash rate) drifted up and tightened, and the
https://www.rba.gov.au/publications/rdp/2018/2018-09.html
Introduction
15 Aug 2018
RDP
2018-09
The Reserve Bank of Australia (RBA), like many other central banks, targets the rate in the unsecured interbank market for overnight loans, termed the ‘cash rate’. ... Figure 1 plots available data on overnight interbank (i.e. non-RBA) loans in the
https://www.rba.gov.au/publications/rdp/2018/2018-09/introduction.html
References
15 Aug 2018
RDP
2018-09
Brassil A, H Hughson and M McManus (2016), ‘Identifying Interbank Loans from Payments Data’, RBA Research Discussion Paper No 2016-11. ... Rempel M (2016), ‘Improving Overnight Loan Identification in Payments Systems’, Journal of Money, Credit
https://www.rba.gov.au/publications/rdp/2018/2018-09/references.html
Identifying Repo Market Microstructure from Securities Transactions Data
1 Aug 2018
RDP
2018-09
The Reserve Bank of Australia (RBA), like many other central banks, targets the rate in the unsecured interbank market for overnight loans, termed the ‘cash rate’. ... Figure 1 plots available data on overnight interbank (i.e. non-RBA) loans in the
https://www.rba.gov.au/publications/rdp/2018/2018-09/full.html
The Australian Repo Market Microstructure
15 Aug 2018
RDP
2018-09
This informs us about, for example, the role that certain types of securities perform in our financial system, and the degree to which monetary policy transmits into other interbank rates. ... Market intelligence also indicates that rates on securities
https://www.rba.gov.au/publications/rdp/2018/2018-09/the-australian-repo-market-microstructure.html