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  2. Official cash rate - Wikipedia

    en.wikipedia.org/wiki/Official_Cash_Rate

    The Cash Rate, which represents the weighted average interest rate on overnight unsecured loans in the domestic interbank market, is a key tool for the RBA's monetary policy. It is used to guide interest rates across the economy and serves as a reference rate for Australian dollar overnight indexed swaps (OIS) and the ASX 30-day interbank cash ...

  3. Reserve Bank of Australia - Wikipedia

    en.wikipedia.org/wiki/Reserve_Bank_of_Australia

    The longest-serving governor, if his service to both the Commonwealth Bank and the Reserve Bank of Australia are included, is H.C. Coombs, who served nineteen years and six months combined. [9] He is regarded by some as one of the most committed anti-inflationists in government throughout the 1950s and 1960s. [ 16 ]

  4. Banking in Australia - Wikipedia

    en.wikipedia.org/wiki/Banking_in_Australia

    Depending on the bank's assessment of the type of shortfall and costs, the bank may take out an overnight loan, the interest rate of which is based on the cash rate, which is set by the Reserve Bank (RBA) every month (currently 0.10%); [32] or else take out a "short duration loan", known as "prime bank paper", for a term of between one and six ...

  5. List of sovereign states by central bank interest rates

    en.wikipedia.org/wiki/List_of_sovereign_states...

    Country or currency union Central bank interest rate (%) Change Effective date of last change Average inflation rate 2017–2021 (%) by WB and IMF [1] [2] as in the List Central bank interest rate

  6. The RBA Cuts the Cash Rate and Delivers More to Support ... - AOL

    www.aol.com/news/rba-cuts-cash-rate-delivers...

    The RBA made its move this morning to support employment and inflation. There is also a willingness to deliver more if required… The RBA Cuts the Cash Rate and Delivers More to Support Inflation ...

  7. RBA Expected to Hold the Cash Rate at 0.10%

    www.aol.com/news/rba-expected-hold-cash-rate...

    Economists now expect an RBA rate hike in the third quarter of this year, but the Russia-Ukraine conflict may cloud this outlook. RBA Expected to Hold the Cash Rate at 0.10% Skip to main content

  8. Glenn Stevens - Wikipedia

    en.wikipedia.org/wiki/Glenn_Stevens

    In May 2016 the RBA lowered the cash rate to 1.75%. The RBA stated that inflation has been unexpectedly low, due to low growth in labour costs and very low cost pressures elsewhere in the world; which justified lowering the cash rate to historically low levels. [12]

  9. Australia's RBA to provide banking system with extra cash - AOL

    www.aol.com/news/australias-rba-banking-system...

    Australia's central bank will provide the banking system with extra liquidity through its market operations to help offset a dislocation in global financial markets, part of a package of liquidity ...