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RBA Glossary definition for bill rate
bill rate – The bill rate is the effective yield to maturity earned by the holder of a bill. The yield is usually expressed as a per annum rate.
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News and Interest Rate Expectations: A Study of Six Central Banks | Conference – 2004
9 Aug 2004
Conferences
We measure these using changes in daily implied interest rates from 90-day interest rate futures, Δf. ... 4.1.1 The mean equation. The mean equation for changes in 90-day bank bill futures rates, Δf.
https://www.rba.gov.au/publications/confs/2004/connolly-kohler.html
Competition: Profitability and Margins | Conference – 1991
21 Jun 1991
Conferences
Banks have responded on two fronts. They have argued that interest rate margins in 1989 (when cash rates got to 18 per cent while mortgage rates were 17 per cent) were ... The GIO of Australia is at present offering housing finance at the bank bill rate
https://www.rba.gov.au/publications/confs/1991/phelps.html
The Balance of Payments | Conference – 1990
21 Jun 1990
Conferences
With flexible exchange rates, capital mobility and static exchange rate expectations, both the nominal and real exchange rate will appreciate. ... Macfarlane and Tease (1989) find that policy reaction to exchange rate changes makes it difficult to
https://www.rba.gov.au/publications/confs/1990/tease.html
The Transmission of Monetary Policy through Banks' Balance Sheets | Conference – 2018
12 Apr 2018
Conferences
risk that future short-term interest rates will not turn out as expected (interest rate risk). ... The effect of the cash rate on provisioning rates may diminish at low interest rates.
https://www.rba.gov.au/publications/confs/2018/brassil-cheshire-muscatello.html
The Cost of Inflation in Australia | Conference – 1992
10 Jul 1992
Conferences
In addition, because housing loan interest costs are not deductible, and because nominal housing loan rates might rise in excess of the rate inflation due to the tax-adjusted Fisher effect ... Suppose borrowers and lenders face different marginal tax
https://www.rba.gov.au/publications/confs/1992/mctaggart.html
Money and Finance | Conference – 1990
21 Jun 1990
Conferences
reduction in interest rates) when unemployment rose above some normal level (later to be called “the natural rate”). ... However, with the general rise in interest rates, the interest rate ceilings on banks became binding.
https://www.rba.gov.au/publications/confs/1990/milbourne.html
Monetary Targeting: The International Experience | Conference – 1989
20 Jun 1989
Conferences
These problems have been strongly emphasised by critics of the interest rate instrument. ... McCallum, B.T. (1986), “Some Issues Concerning Interest Rate Pegging, Price Level Determinacy, and the Real Bills Doctrine”, Journal of Monetary Economics, 17
https://www.rba.gov.au/publications/confs/1989/edey.html
The Objectives for, and Conduct of, Monetary Policy in the 1990s | Conference – 1992
21 Jun 1990
Conferences
In the long term, nominal interest rates will be determined by real (international) forces and the expected rate of inflation.). ... term interest rates were then relaxed by the Bank of England buying short-term (commercial) bills from the banks.
https://www.rba.gov.au/publications/confs/1992/goodhart.html
Inflation, Disinflation and the Natural Rate of Unemployment: A Dynamic Framework for Policy Analysis | Conference – 2000
24 Jul 2000
Conferences
Friedman argued that floating exchange rates would equilibrate the external sector (the fourth and fifth terms). ... Shultz was regarded as ‘the creative synthesiser’ (Safire 1975); but his post-Bretton Woods ‘synthesis’ was more conducive to
https://www.rba.gov.au/publications/confs/2000/leeson.html
A Perspective | Conference – 1993
12 Jul 1993
Conferences
Short run. Medium-run adjusted exchange rate. Short-run foreign and domestic interest rates. ... They mention that the real exchange rate is an integrated variable so that PPP is not a sufficient story for exchange rates.
https://www.rba.gov.au/publications/confs/1993/pagan.html