Australian overnight interbank lending volume 2019-2024

Published by Statista Research Department, Oct 10, 2024
The volume of Australian overnight interbank lending fell sharply with the onset of the coronavirus (COVID-19) pandemic in early 2020. From a daily average of around 3.8 billion Australian dollars between January 2019 and March 2020, from April 2020 to November 2021 this average fell to around 500 million Australian dollars. It is for this reason that the Reserve bank of Australia has been taking measures to inject funds into the banking system, letting the Australian overnight banking rate fall below the official target cash rate.

Volume of overnight interbank lending in Australia from 2019 to 2024 (in million Australian dollars)

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Release date

October 2024

Region

Australia

Survey time period

January 2010 to October 2024

Supplementary notes

Values are monthly averages.

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