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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Box D: Interbank Reference Rates
10 Aug 2012
SMP
– August 2012
Many financial contracts, including those governing derivatives and debt securities, reference interbank interest rates. ... In contrast, overnight reference rates are usually compiled by the central bank as a weighted average of rates transacted within
https://www.rba.gov.au/publications/smp/2012/aug/box-d.html
Box D: Bank Bill Swap Benchmark Rates
10 Nov 2013
SMP
– November 2013
Findings by the authorities in the United Kingdom, the United States and elsewhere that certain interbank reference rates had been subject to attempted manipulation have prompted reference rate administrators and ... These rates, along with the overnight
https://www.rba.gov.au/publications/smp/2013/nov/box-d.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
International and Foreign Exchange Markets
10 Feb 2014
SMP
– February 2014
The resulting decline in excess liquidity has contributed to a rise in interbank rates, with a marked spike over year-end and again in January (Graph 2.3). ... Liquidity in Chinese money markets has continued to tighten over recent months, with the
https://www.rba.gov.au/publications/smp/2014/feb/intl-fx-mkts.html
Box E: Yields on Sovereign Debt
10 May 2012
SMP
– May 2012
Within the Australian market, bank bill swap reference rates (BBSW) are generally used to determine floating rate payments. ... Table E1 shows yields on a range of sovereign debt, as well as spreads on sovereign debt when swapped against 6-month
https://www.rba.gov.au/publications/smp/2012/may/box-e.html
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
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
International and Foreign Exchange Markets
10 Aug 2013
SMP
– August 2013
The People's Bank of China (PBC) allowed liquidity conditions to tighten significantly in June, which saw interbank rates (such as the overnight SHIBOR) move sharply higher (Graph 2.4). ... Interbank rates have subsequently returned towards their
https://www.rba.gov.au/publications/smp/2013/aug/intl-fx-mkts.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
International and Foreign Exchange Markets
10 Nov 2013
SMP
– November 2013
The ECB has noted that it is prepared to respond if the resulting decline in liquidity exerts unwanted upward pressure on interbank interest rates. ... of Turkey raised the rate it charges banks on overnight loans by 50 basis points in August.
https://www.rba.gov.au/publications/smp/2013/nov/intl-fx-mkts.html