cash rate

cash rate definition - finance
The key interest rate that Australia uses to set monetary policy. The cash rate is the interest rate charged on overnight loans between banks. Australia uses an explicit inflation target, which in the past has been around 2 to 3 percent a year.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.