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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Discussion | Conference – 2018
12 Apr 2018
Conferences
t. the output gap, i. t. the nominal interest rate,. the exogenously determined natural rate of interest, and E. ... and why such policy may be effective even when policy is temporarily constrained by the zero lower bound on nominal interest rates.
https://www.rba.gov.au/publications/confs/2018/archer-levin-disc.html
Strategies for Controlling Inflation | Conference – 1997
21 Jul 1997
Conferences
Given conventional estimates of the interest elasticity of money and the real interest rate when inflation is zero, this cost is quite low for inflation rates less than 10 per cent, ... In contrast, the typical fixed or pegged exchange-rate regime does
https://www.rba.gov.au/publications/confs/1997/mishkin.html
Asset Prices, Financial Imbalances and Monetary Policy: Are Inflation Targets Enough?
27 Nov 2006
Conferences
PDF
221KB
RBA Conference Volume 2003
https://www.rba.gov.au/publications/confs/2003/pdf/bean.pdf
The Evolution of Monetary Policy: From Money Targets to Inflation Targets | Conference – 1997
21 Jul 1997
Conferences
With the economy quite weak and inflation coming down, nominal interest rates were eased to 11 per cent – representing a real interest rate of around 4 per cent. ... In a mechanical sense, nominal interest rates were moved down in 1990 at about the
https://www.rba.gov.au/publications/confs/1997/grenville.html
Inflation Targeting and Japan: Why has the Bank of Japan not Adopted Inflation Targeting? | Conference – 2004
9 Aug 2004
Conferences
With expectations of deflation, if interest rates have already reached zero, monetary policy loses its potency, because the nominal interest rate is bound at zero. ... With a zero nominal interest rate, the real interest rate increases as the expected
https://www.rba.gov.au/publications/confs/2004/ito.html
Rates Normalization Amid Elevated Global Financial Vulnerabilities
29 Dec 2022
Conferences
PDF
1623KB
RBA Annual Conference 2022
https://www.rba.gov.au/publications/confs/2022/pdf/rba-conference-2022-natalucci.pdf
OECD Country Experiences with Disinflation | Conference – 1992
10 Jul 1992
Conferences
A policy aimed at lowering the rate of inflation permanently would, because of higher interest rates and an appreciation of the real exchange rate, be accompanied by important transitory costs, mainly ... strategy. When, for instance, the rate of
https://www.rba.gov.au/publications/confs/1992/schelde-andersen.html
Introduction to Monetary Policy and Financial Stability in a World of Low Interest Rates
18 Dec 2017
Conferences
PDF
4354KB
RBA Conference Volume 2017
https://www.rba.gov.au/publications/confs/2017/pdf/rba-conference-volume-2017-introduction.pdf
Evaluating Simple Monetary-policy Rules for Australia
7 Dec 2006
Conferences
PDF
156KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/de-brouwer-oregan.pdf
Setting Monetary Policy in East Asia: Goals, Developments and Institutions | Conference – 2001
24 Jul 2001
Conferences
In addition, two central banks seek to use the control over interest rates afforded by capital controls to stabilise prices in the context of a fixed exchange rate. ... One answer is openness. With greater openness the exchange rate's effect on prices
https://www.rba.gov.au/publications/confs/2001/mccauley.html