Search: Nominal interest rate
RBA Glossary definition for Nominal interest rate
Nominal interest rate – The nominal interest rate refers to the cost of borrowing money before adjustment for inflation i.e. it includes compensation for the expected erosion of the value of the borrowed funds due to inflation. It is the cost visible to the borrower, and is composed of the real interest rate plus inflation.
RBA Glossary definition for interest rate
interest rate – The term used to describe the cost of borrowing money or the return to the owner of the funds which are invested or lent out. It is usually expressed as a percent per annum of the amount of money borrowed, lent or invested.
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Note 1 – Summary of Accounting Policies | Financial Statements
2 Sep 2003
RBA Annual Report
– 2003
The pricing of the swap must therefore reflect the interest rates applicable to these money market transactions. ... Interest rates are implicit in the swap contract but interest itself is not paid or received.
https://www.rba.gov.au/publications/annual-reports/rba/2003/fin-statements/note-1.html
Economic Outlook
4 Nov 2022
SMP
– November 2022
However, high inflation and rising interest rates are raising the cost of living and will weigh on households income and spending in real terms. ... In particular, expectations for further increases in interest rates, rising construction costs and
https://www.rba.gov.au/publications/smp/2022/nov/economic-outlook.html
Economic Outlook
10 Feb 2023
SMP
– February 2023
low savings) are finding it hard to adjust to higher interest rates and higher inflation. ... Many households are well placed to absorb higher interest rate costs without significant spending cuts.
https://www.rba.gov.au/publications/smp/2023/feb/economic-outlook.html
Banknotes
27 Oct 2022
RBA Annual Report
– October 2022
In 2021/22, the amount of interest payments to the banks for this purpose was very low, reflecting the low interest rate environment. ... That said, the opportunity cost of holding banknotes has also fallen in line with low interest rates.
https://www.rba.gov.au/publications/annual-reports/rba/2022/banknotes.html
Financial Conditions
7 May 2024
SMP
– May 2024
Financial Conditions | Statement on Monetary Policy – May 2024
https://www.rba.gov.au/publications/smp/2024/may/financial-conditions.html
Financial Markets and The Bank's Operations | Reserve Bank of Australia Annual Report - 1992
30 Jun 1992
Annual Report
Bank interest rates on standard variable-rate housing loans to owner-occupiers are at least 3 percentage points lower than a year ago. ... Another general point to remember is that high nominal interest rates embody a premium to compensate depositors for
https://www.rba.gov.au/publications/annual-reports/rba/1992/fin-markets.html
Note 1 – Summary of Accounting Policies | Financial Statements
28 Jul 2004
RBA Annual Report
– 2004
The pricing of the swap must therefore reflect the interest rates applicable to these money market transactions. ... Interest rates are implicit in the swap contract but interest itself is not paid or received.
https://www.rba.gov.au/publications/annual-reports/rba/2004/fin-statements/note-1.html
Domestic Financial Conditions
4 Nov 2022
SMP
– November 2022
Interest rates on new variable-rate loans remain around 50 basis points lower than on outstanding loans. ... Graph 3.22. Table 3.2: Average Outstanding Housing Rates. September 2022. Interest rate in Sep 2022.
https://www.rba.gov.au/publications/smp/2022/nov/domestic-financial-conditions.html
Semi-Annual Statement on Monetary Policy
31 Jul 2003
SMP
PDF
25KB
made by deducting an expectationof future, rather than past, inflation from therelevant nominal interest rate. ... Proxies for real interest rates can be moreuseful over long periods, particularly wherethere are pronounced differences in theprevailing
https://www.rba.gov.au/publications/smp/1997/may/pdf/box-4.pdf
Overview
6 Dec 2023
SMP
- August 2023
PDF
81KB
https://www.rba.gov.au/publications/smp/2023/aug/pdf/overview.pdf