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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Government Bond Market Functioning and COVID-19
27 Jul 2020
Bulletin
– September 2020
The market for Australian Government Securities is a critical fixed income market in Australia, including because it serves as a pricing benchmark for many other interest rates in the economy.
https://www.rba.gov.au/publications/bulletin/2020/sep/government-bond-market-functioning-and-covid-19.html
Statement on Monetary Policy
10 Aug 2003
Bulletin
– August 2003
In the US, yields are now over 100 basis points above the troughs reached in early June. ... basis points rather than the 50 basis points that had been widely anticipated.
https://www.rba.gov.au/publications/bulletin/2003/aug/1.html
The Impact of the Capital Market Turbulence on Banks' Funding Costs
10 Jun 2009
Bulletin
– June 2009
Since early September 2008, rates on savings deposits have fallen by an average of 380 basis points, less than the 425 basis point decrease in the cash rate over this period. ... 40 basis points over the next year and a half and stabilise thereafter.
https://www.rba.gov.au/publications/bulletin/2009/jun/1.html
Statement on Monetary Policy
10 Feb 2003
Bulletin
– February 2003
750 basis points over the past few months as the central bank tries to quell resurgent inflation. ... While this is still above the low-point of 3.57 per cent last October, when economic pessimism was at its peak, it is down by about 110 basis points
https://www.rba.gov.au/publications/bulletin/2003/feb/1.html
Statement on Monetary Policy
10 Feb 2002
Bulletin
– February 2002
basis points above the Fed funds target, similar to the reading in the early 1990s (Graph 12). ... 60 basis points from their November trough, to around 4.85 per cent.
https://www.rba.gov.au/publications/bulletin/2002/feb/1.html
Statement on Monetary Policy
10 Aug 2002
Bulletin
– August 2002
Yields on Japanese government bonds also fell, declining by around 10 basis points to below 1.3 per cent. ... In contrast, European emerging market spreads have widened on average by around 150 basis points in recent months.
https://www.rba.gov.au/publications/bulletin/2002/aug/1.html
Semi-Annual Statement on Monetary Policy
10 May 1997
Bulletin
– May 1997
While the seasonally adjusted monthly import data point to reasonable growth in the March quarter, the corresponding data for the quantity of imports on a quarterly basis appear little changed. ... Falls in mortgage interest rates detracted 0.5 of a
https://www.rba.gov.au/publications/bulletin/1997/may/1.html
2024
18 Jan 2024
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2024/
Statement on Monetary Policy
10 Aug 2004
Bulletin
– August 2004
point, lifting the fed funds rate by 25 basis points to 1.25 per cent at its end-June meeting. ... Overall, emerging market spreads are around 80 basis points higher than their low point at the start of 2004, but are still at historically low levels
https://www.rba.gov.au/publications/bulletin/2004/aug/1.html
4 April 2023 | Minutes of the Monetary Policy Meeting of the Board
18 Apr 2023
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 4 April 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-04-04.html