Interest Rates: 3-Month or 90-Day Rates and Yields: Bank Bills: Total for Australia
IR3TBB01AUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.31
Year-over-Year Change
11663.64%
Date Range
1/1/1968 - 10/1/2023
Summary
This economic trend measures the 3-month or 90-day interest rates and yields on bank bills in Australia. It is a key indicator of short-term credit conditions and monetary policy in the Australian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 3-month or 90-day bank bill rate in Australia represents the average yield on short-term debt instruments traded in the money market. It is used by economists and policymakers to assess the health of the financial system and the stance of monetary policy.
Methodology
The data is collected through a survey of major Australian banks and financial institutions.
Historical Context
Trends in the 3-month bank bill rate provide insights into the Reserve Bank of Australia's policy decisions and impact on broader economic conditions.
Key Facts
- The 3-month bank bill rate is a widely followed indicator of Australia's money market conditions.
- Movements in the 3-month rate can signal changes in the Reserve Bank of Australia's monetary policy stance.
- The 3-month bank bill rate serves as a benchmark for pricing other short-term financial instruments in Australia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the 3-month or 90-day interest rates and yields on bank bills in Australia, which is a key indicator of short-term credit conditions and monetary policy.
Q: Why is this trend relevant for users or analysts?
A: The 3-month bank bill rate is an important benchmark used by economists, policymakers, and market participants to assess the health of the Australian financial system and the stance of monetary policy.
Q: How is this data collected or calculated?
A: The data is collected through a survey of major Australian banks and financial institutions.
Q: How is this trend used in economic policy?
A: Trends in the 3-month bank bill rate provide insights into the Reserve Bank of Australia's policy decisions and their impact on broader economic conditions.
Q: Are there update delays or limitations?
A: The 3-month bank bill rate data is updated regularly, with minimal delays, and is considered a reliable indicator of short-term credit conditions in Australia.
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Citation
U.S. Federal Reserve, Interest Rates: 3-Month or 90-Day Rates and Yields: Bank Bills: Total for Australia (IR3TBB01AUQ156N), retrieved from FRED.