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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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DSGE Reno: Adding a Housing Block to a Small Open Economy Model
1 Apr 2018
RDP
2018-04
Our starting point is the model in Rees, Smith and Hall ((2016); henceforth RSH). ... function is removed, but the same calibration is used, the housing share of the capital stock falls by around 10 percentage points.
https://www.rba.gov.au/publications/rdp/2018/2018-04/full.html
The Transmission of Housing Shocks
6 Apr 2018
RDP
2018-04
On the nominal side, inflation declines slightly and the cash rate is lowered by around 10 basis points.
https://www.rba.gov.au/publications/rdp/2018/2018-04/the-transmission-of-housing-shocks.html
The Transmission of Monetary Policy
6 Apr 2018
RDP
2018-04
Figure 9 shows the responses of real GDP and inflation to a 100 basis point increase in the cash rate. ... Note: 100 basis point increase in cash rate. Figure 10 shows the responses of sectoral investment and value added in our model.
https://www.rba.gov.au/publications/rdp/2018/2018-04/the-transmission-of-monetary-policy.html
Housing and Australia's Post Mining Boom Transition
6 Apr 2018
RDP
2018-04
1.6. 0.8. Difference, percentage points. 1.6. 0.2. Figure 17: Housing Sector Variable Calibrations. ... Under both scenarios, the cash rate is around 40 basis points lower.
https://www.rba.gov.au/publications/rdp/2018/2018-04/housing-and-australias-post-mining-boom-transition.html