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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Recent Developments in Federal Reserve System Liquidity and Reserve Operations
22 Oct 2008
Conferences
PDF
168KB
RBA Conference Volume 2008
https://www.rba.gov.au/publications/confs/2008/pdf/hilton.pdf
The Introduction of Same-day Settlement of Direct Entry Obligations in Australia
19 Jun 2014
Bulletin
– June 2014
In November 2013, the Reserve Bank introduced changes to its Reserve Bank Information and Transfer System (RITS) to allow the same-day settlement of non-government direct entry obligations. This outcome met one of the objectives set by the Payments
https://www.rba.gov.au/publications/bulletin/2014/jun/7.html
Copyright and Disclaimer Notice
9 Mar 2023
Copyright and Disclaimer Notice for Reserve Bank of Australia website
https://www.rba.gov.au/copyright/
Semi-Annual Statement on Monetary Policy
10 Nov 1997
Bulletin
– November 1997
The Bank of England has gradually raised the interbank rate to its current level of 7 per cent to resist inflationary pressures flowing from the tight labour market and strong demand. ... Households appear to have lifted their saving rate a little over
https://www.rba.gov.au/publications/bulletin/1997/nov/2.html
Real-time Gross Settlement in Australia
10 Sep 2010
Bulletin
– September 2010
The overall level of ESA balances is ultimately determined by the Reserve Bank's open market operations, aimed at maintaining the overnight cash rate at its target. ... During the Morning Settlement Session, only RITS and interbank Austraclear payments
https://www.rba.gov.au/publications/bulletin/2010/sep/8.html
Liquidity and Funding Markets
6 Jan 2014
Conferences
PDF
4842KB
RBA Conference Volume 2013
https://www.rba.gov.au/publications/confs/2013/pdf/conf-vol-2013.pdf
Identifying Interbank Loans from Payments Data
6 Dec 2016
RDP
PDF
3267KB
References 41. 1. Introduction. The average interest rate on unsecured overnight interbank loans – the cash rate – is the. ... have been no deviations since 2010 (Figure 1). Figure 1: Daily Interbank Overnight Cash Rate.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-11.pdf
The Future System for Monetary Policy Implementation
2 Apr 2024
Speech
Speech delivered by Christopher Kent, Assistant Governor (Financial Markets), Bloomberg Australia Briefing, Sydney
https://www.rba.gov.au/speeches/2024/sp-ag-2024-04-02.html
Liquidity, Financial Crises and the Lender of Last Resort – How Much of a Departure is the Sub-prime Crisis? | Conference – 2008
14 Jul 2008
Conferences
These combined features led to the emergence of historically large interest rate premia – and quantity-rationing of funds – in the domestic interbank markets in the United States, the United Kingdom and ... Extreme tightness of the interbank market
https://www.rba.gov.au/publications/confs/2008/davis.html
Box D: Bank Bill Swap Benchmark Rates
7 Nov 2013
SMP
– November 2013
PDF
45KB
https://www.rba.gov.au/publications/smp/2013/nov/pdf/box-d.pdf