Official cash rate

Established by the Reserve Bank of Australia (RBA) at its monthly board meetings. It determines the overnight cash rate applicable to loans between financial intermediaries. It is the main tool the RBA employs to dictate monetary policy.

« Back to Glossary Index
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *