Search: Nominal interest rate
Did you mean
official interest rates?
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.
Search Results
MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
1 Aug 2019
RDP
2019-07
Examples include interest rates, the exchange rate, the expenditure components of real GDP, labour market variables and inflation. ... price growth, growth in the dwelling stock, changes in mortgage interest rates and the rate of inflation.
https://www.rba.gov.au/publications/rdp/2019/2019-07/full.html
Core Equations
23 Aug 2019
RDP
2019-07
price growth, growth in the dwelling stock, changes in mortgage interest rates and the rate of inflation. ... We calculate these measures by adjusting nominal interest rates for year-ended trimmed mean inflation.
https://www.rba.gov.au/publications/rdp/2019/2019-07/core-equations.html
MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
1 Aug 2019
RDP
2019-07
Neutral interest rate (rstar). World export price (wpx). World real 2-year interest rate (wr2r). ... World real 2-year interest rate spread to the Australian 2-year interest rate (wr2sp).
https://www.rba.gov.au/publications/rdp/2019/2019-07/read-me.html
A Stylised Description of the Model
23 Aug 2019
RDP
2019-07
Examples include interest rates, the exchange rate, the expenditure components of real GDP, labour market variables and inflation. ... The central bank adjusts interest rates to ensure that consumer price inflation equals the inflation target and the
https://www.rba.gov.au/publications/rdp/2019/2019-07/a-stylised-description-of-the-model.html
Model Dynamics
23 Aug 2019
RDP
2019-07
In the absence of offsetting positive developments, the lower inflation and higher unemployment rate this implies could lead to a reduction in interest rates. ... Therefore, the particular cash rate path that we consider involves a 75 basis point
https://www.rba.gov.au/publications/rdp/2019/2019-07/model-dynamics.html