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.
Search Results
The Term Funding Facility: Has It Encouraged Business Lending?
8 Dec 2022
RDP
PDF
2133KB
points; a change in the rate of remuneration of exchange settlement balances to 10 basis points; a. ... 14 basis points above and 40 basis points below senior unsecured (domestic) bonds.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-07.pdf
Australian Money Market Divergence: Arbitrage Opportunity or Illusion?
12 Sep 2019
RDP
PDF
1464KB
declined by around 500 basis points, the total cost of equity rose marginally. ... banks to break even on foreign exchange swaps increased to around 35 basis points (point B,.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-09.pdf
MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA’s Macroeconometric Model
12 Jan 2022
RDP
PDF
1774KB
debt funding costs by 10 basis points; we calibrate our model to match this estimate.8. ... weights could have subtracted 70 to 180 basis points from their capital ratios (RBA 2020b).
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-01.pdf
Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!
1 May 2023
RDP
PDF
1465KB
By yield maturity, average absolute yield change, basis points. 1-year 3-year 5-year 10-year Observations. ... after the May 2016 monetary policy announcement where a 25 basis point cut in the cash rate to.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-04.pdf
Non-technical summary for 'The Unit-effect Normalisation in Set-identified Structural Vector Autoregressions'
5 Oct 2022
RDP
PDF
548KB
RDP 2022-04 non-technical summary
https://www.rba.gov.au/publications/rdp/2022/2022-04/rdp-2022-04-non-technical-summary.pdf
Cost-benefit Analysis of Leaning against the Wind
5 Jul 2019
RDP
PDF
1512KB
The IMF assumes a 100 basis point increase in interest rates is maintained for one year. ... Figure 4: Distribution of Welfare Loss. Results for 25 basis point increase in policy rate.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-05.pdf
MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
20 Aug 2019
RDP
PDF
1571KB
NBR Business lending rate Per cent Nominal RBA. NBRSP Business spread to cash rate Percentage points Nominal RBA. ... We. impose a small coefficient on this latter variable, which implies that a 100 basis point decrease in.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-07.pdf
Start Spreading the News: News Sentiment and Economic Activity in Australia
21 Dec 2020
RDP
PDF
1524KB
at around 10 to 20 basis points. The relatively small economic effects of monetary policy on economic. ... Figure 12: Effect of Monetary Policy Shocks on News Sentiment. Notes: Effect of a 100 basis point shock to monetary policy; solid lines show smooth
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-08.pdf
How Risky is Australian Household Debt?
19 Aug 2020
RDP
PDF
1880KB
Mishkin (2007)).10 We include inequality on the basis that increased dispersion in household. ... but not time fixed effects. Given the very strong theoretical basis to expect a negative coefficient.
https://www.rba.gov.au/publications/rdp/2020/pdf/rdp2020-05.pdf
The Effect of Credit Constraints on Housing Prices: (Further) Evidence from a Survey Experiment
25 Jan 2023
RDP
PDF
1588KB
ΔlnLandvoigt et al. Average change. Marginalbuyer. Lower collateral constraint (15 percentage points). ... 0.0. 0.1. 0.2. 0.3. Δln. 0.0. 0.1. 0.2. 0.3. Δln. Lower mortgage rate (200 basis points).
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-01.pdf