Search: basis point
RBA Glossary definition for basis point
basis point – A basis point is 1/100th of 1 per cent or 0.01 per cent, so 100 basis points (bps) is equal to 1 percentage point. The term is used in money and securities markets to define differences in interest or yield. If an interest rate were to increase from 2 per cent to 3 per cent, it is said to have risen by 100 basis points (bps) or one percentage point.
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Statement by Philip Lowe, Governor: Monetary Policy Decision
6 Apr 2021
Media Releases
At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding
https://www.rba.gov.au/media-releases/2021/mr-21-04.html
Statement by Glenn Stevens, Governor: Monetary Policy
2 Dec 2008
Media Releases
Announcement of reduction in the cash rate by 100 basis points to 4.25 per cent
https://www.rba.gov.au/media-releases/2008/mr-08-27.html
The Future System for Monetary Policy Implementation
2 Apr 2024
Speech
PDF
657KB
Speech - 2024
https://www.rba.gov.au/speeches/2024/pdf/sp-ag-2024-04-02.pdf
Statement By Philip Lowe, Governor: Monetary Policy Decision
2 Jul 2019
Media Releases
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.00 per cent.
https://www.rba.gov.au/media-releases/2019/mr-19-18.html
Statement by Glenn Stevens, Governor: Monetary Policy
8 Nov 2006
Media Releases
Announcement of increase in the cash rate by 25 basis points to 6.25 per cent
https://www.rba.gov.au/media-releases/2006/mr-06-11.html
Statement by Glenn Stevens, Governor: Monetary Policy
4 Nov 2008
Media Releases
Announcement to lower the cash rate by 75 basis points to 5.25 per cent
https://www.rba.gov.au/media-releases/2008/mr-08-25.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
4 Jun 2019
Media Releases
Announcement that the Board decided to lower the cash rate by 25 basis points to 1.25 per cent.
https://www.rba.gov.au/media-releases/2019/mr-19-15.html
The Future System for Monetary Policy Implementation
2 Apr 2024
Speech
Speech delivered by Christopher Kent, Assistant Governor (Financial Markets), Bloomberg Australia Briefing, Sydney
https://www.rba.gov.au/speeches/2024/sp-ag-2024-04-02.html
Statement by Glenn Stevens, Governor: Monetary Policy Decision
2 Oct 2012
Media Releases
Announcement that the Board decided to lower the cash rate by 25 basis points to 3.25 per cent, effective 3 October 2012
https://www.rba.gov.au/media-releases/2012/mr-12-30.html
Statement by Glenn Stevens, Governor: Monetary Policy
8 Aug 2007
Media Releases
Announcement of increase in the cash rate by 25 basis points to 6.50 per cent
https://www.rba.gov.au/media-releases/2007/mr-07-11.html