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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Appendix 1: Changes to Bank Regulations | Submission to the Inquiry into the Australian Banking Industry – January 1991 | Financial Sector…
1 Jan 1991
Submissions
1970. March. Savings bank deposit rates could be varied subject to the maximum rate set by the Reserve Bank. ... Trading banks were given increased freedom to negotiate interest rates on deposits greater than $50,000, subject to a maximum rate, for terms
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-australian-banking-industry/appendix-1.html
Prudential Policy For Peggers
12 Dec 2013
Research Workshop
PDF
354KB
Reserve Bank of Australia Workshop 2013
https://www.rba.gov.au/publications/workshops/research/2013/pdf/uribe-schmitt-grohe.pdf
Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis
8 Apr 2016
Research Workshop
PDF
664KB
Reserve Bank of Australia Research Workshop 2015: Quantitative Macroeconomics
https://www.rba.gov.au/publications/workshops/research/2015/pdf/rba-workshop-2015-garcia-schmidt-woodford.pdf
Developments and Innovation in the Payments System | Submission to the Financial System Inquiry – March 2014 | Financial Sector |…
1 Mar 2014
Submissions
Alongside this, the Bank of England retains its oversight responsibilities for systemically important interbank systems and FMIs. ... In practice, the schemes have set a large number of different interchange fee rates for different types of transactions,
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/developments-and-innovation.html
The Reserve Bank's Response | Report to the Inquiry into Competition in the Banking and Non-Banking Sectors – May 2009 | Financial Sector | …
7 May 2009
Submissions
The operational target for monetary policy in Australia is the cash rate – the overnight interest rate paid on unsecured loans between banks. ... The target for the cash rate is established at the monthly meetings of the Reserve Bank Board.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-report-2009-05/reserve-bank-response.html
Report to the House of Representatives Standing Committee on Economics - May 2009
14 May 2009
Submissions
PDF
95KB
Inquiry into Competition in the Banking and Non-Banking Sectors
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-report-2009-05/pdf/inquiry-report-2009-05.pdf
Superannuation | Submission to the Financial System Inquiry – March 2014 | Financial Sector | Submissions
1 Mar 2014
Submissions
Superannuation funds do not engage in trading with each other, whereas interbank borrowing and lending is significant. ... Second, given the low interest rate environment globally in recent years, investors are increasingly ‘searching for yield’.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/superannuation.html
Payments System Issues | Submission to the Financial System Inquiry – 6 September 1996 | Financial Sector | Submissions
6 Sep 1996
Submissions
It is now working with the industry on a system which will significantly reduce interbank settlement risk. ... Under RTGS, high-value interbank payments will be settled across ESAs as they are exchanged between banks during the course of the day.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-1996/payments-system-issues.html
Background: Financial System Trends | Submission to the Financial System Inquiry – 6 September 1996 | Financial Sector | Submissions
6 Sep 1996
Submissions
Virtually all financial firms now offer a much wider range of products and services than a decade ago, with multiple options as to rate of return, liquidity, risk characteristics, and so ... A major development in wholesale payments is the move to the
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-1996/background-financial-system-trends.html
Feasibility of Further Expansion | Report to the Inquiry into Competition in the Banking and Non-Banking Sectors – May 2009 | Financial…
7 May 2009
Submissions
Moreover, the longer the maturity of the repo, the greater degree of interest rate risk. ... ultimately compromise the Bank's ability to manage liquidity in the overnight cash market and thereby compromise the stability of the cash rate.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-report-2009-05/feasibility-of-further-expansion.html