Search: interest rate
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.
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Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-Introduction
8 May 2024
Submissions
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates. ... very high, lower-rate cards are widely available, as are balance-transfer arrangements where issuers offer zero or low interest rates for a defined period of time.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/introduction.html
Cash Rate Pass-through to Outstanding Mortgage Rates
18 Apr 2024
Bulletin
– April 2024
The interest rate paid by outstanding mortgage borrowers increased by around 320 basis points between May 2022 and December 2023, around 105 basis points less than the cumulative increase in the cash rate over this period.
https://www.rba.gov.au/publications/bulletin/2024/apr/cash-rate-pass-through-to-outstanding-mortgage-rates.html
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-References
8 May 2024
Submissions
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates. ... Tellez E (2015), ‘Developments in Banks’ Funding Costs and Lending Rates’, RBA Bulletin, March, pp 55–61.
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/references.html
Household Debt: What the Data Show
10 Mar 2003
Bulletin
– March 2003
on the debt to income ratio independent of the interest rate effect described above. ... of the reduction provided by the fall in short-term interest rates throughout the economy.
https://www.rba.gov.au/publications/bulletin/2003/mar/1.html
Statement on Monetary Policy
10 Feb 2005
Bulletin
– February 2005
Rising household wealth and still low interest rates have also provided a boost to consumption. ... Against this backdrop, the Federal Reserve has continued the process of normalising interest rates, lifting the federal funds rate by 25 basis points at
https://www.rba.gov.au/publications/bulletin/2005/feb/1.html
Statement on Monetary Policy
10 Feb 2004
Bulletin
– February 2004
Low interest rates have also helped residential building activity, which expanded at a rapid rate in the second half of 2003, to be 10 per cent higher than a year earlier. ... Asian central banks have generally held official interest rates steady over
https://www.rba.gov.au/publications/bulletin/2004/feb/1.html
What are the Global Imbalances?
10 Oct 2005
Bulletin
– October 2005
real interest rates in the United States would rise as borrowers competed for funds. ... European and Japanese interest rates should have been raised. This would make no sense.
https://www.rba.gov.au/publications/bulletin/2005/oct/3.html
Submission to the Senate Inquiry into Matters Relating to Credit Card Interest Rates-Credit cards as sources of credit
8 May 2024
Submissions
The Bank publishes data on average advertised credit card interest rates for ‘standard’ and ‘low-rate’ cards. ... These data are average advertised (ongoing) interest rates rather than the average interest rate actually paid by all holders of
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-matters-relating-to-credit-card-interest-rates-2015-08/credit-cards-source-of-credit.html
Understanding Exchange Rates and Why They Are Important
13 Dec 2018
Bulletin
– December 2018
Exchange rates are important to Australia's economy because they affect trade and financial flows between Australia and other countries.
https://www.rba.gov.au/publications/bulletin/2018/dec/understanding-exchange-rates-and-why-they-are-important.html
Statement on Monetary Policy
10 Nov 2003
Bulletin
– May 2003
At that time, the rise was largely driven by expectations that other countries would cut interest rates further due to weak growth. ... months. Selling of Treasury securities by holders of mortgage-related debt, in order to hedge their increasing interest
https://www.rba.gov.au/publications/bulletin/2003/nov/1.html