From the Reserve Bank of Australia Website, it says:
Interest Rate Decisions – 2012
The Reserve Bank sets the target ‘cash rate’, which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations. Decisions regarding this interest rate are made by the Reserve Bank Board, and are explained in a media release which announces the decision at 2.30 pm after each Board meeting. (Prior to November 2007, media releases were issued only when the cash rate target was changed.)
From the LIBOR Website, it says:
What is Australian dollar LIBOR?
The London Interbank Offered Rate (LIBOR) is an interest rate based on the average interest rates at which a large number of international banks in London lend money to one another. The official LIBOR rates are calculated on a daily basis and made public at 11:00 (London Time) by the British Bankers’ Association (BBA). We publish the LIBOR rates later the same day (we are not allowed to publish realtime LIBOR rates).
The daily reported interest rates are the mean of the middle values. The rates are a benchmark rather than a tradable rate, the actual rate at which banks will lend to one another continues to vary throughout the day. The LIBOR rates come in differtent maturities (overnight, 1 and 2 weeks and 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11 and 12 months) and different currencies (the euro, US dollar, British pound sterling, Japanese yen, Swiss franc, Canadian dollar, Australian dollar, Swedish krona, Danish krone and New Zealand dollar). On this page we show the Australian dollar LIBOR rates. The Australian dollar LIBOR rates can be considered as the interbank cost of borrowing funds in Australian dollars.
The LIBOR interest rates are being used as a reference rate for a lot of financial products, for example derivatives like swaps. A lot of banks use the LIBOR interest rates also to determine their rates on products like mortgages, savings accounts and loans.
|Australian dollar LIBOR||07-12-2012||07-11-2012||07-10-2012||07-09-2012||07-06-2012|
|AUD LIBOR overnight||3.67000 %||3.67200 %||3.67200 %||3.67400 %||3.67600 %|
|AUD LIBOR 1 week||3.70600 %||3.70800 %||3.70800 %||3.70800 %||3.70800 %|
|AUD LIBOR 2 weeks||3.74400 %||3.74600 %||3.74600 %||3.74600 %||3.74600 %|
|AUD LIBOR 1 month||3.80800 %||3.80800 %||3.80800 %||3.80600 %||3.80200 %|
|AUD LIBOR 2 months||3.87200 %||3.87600 %||3.87600 %||3.87400 %||3.87200 %|
|AUD LIBOR 3 months||3.98600 %||3.99800 %||3.99200 %||3.99400 %||3.99200 %|
|AUD LIBOR 4 months||4.08800 %||4.09800 %||4.09200 %||4.09400 %||4.09200 %|
|AUD LIBOR 5 months||4.17800 %||4.19000 %||4.18400 %||4.18600 %||4.18600 %|
|AUD LIBOR 6 months||4.23200 %||4.24400 %||4.23800 %||4.24000 %||4.24000 %|
|AUD LIBOR 7 months||4.27200 %||4.28400 %||4.27800 %||4.27400 %||4.27800 %|
|AUD LIBOR 8 months||4.31600 %||4.32800 %||4.32200 %||4.32000 %||4.32200 %|
|AUD LIBOR 9 months||4.36600 %||4.37800 %||4.37200 %||4.37000 %||4.37200 %|
|AUD LIBOR 10 months||4.42600 %||4.43600 %||4.43000 %||4.42600 %||4.42800 %|
|AUD LIBOR 11 months||4.48800 %||4.49800 %||4.49200 %||4.48800 %||4.49200 %|
|AUD LIBOR 12 months||4.54800 %||4.56200 %||4.55800 %||4.55200 %||4.55600 %|
Current Australian dollar LIBOR interest rates:
In the following table we show the current Australian dollar LIBOR interest rates (daily updated).