Search: Nominal interest rate
RBA Glossary definition for Nominal interest rate
Nominal interest rate – The nominal interest rate refers to the cost of borrowing money before adjustment for inflation i.e. it includes compensation for the expected erosion of the value of the borrowed funds due to inflation. It is the cost visible to the borrower, and is composed of the real interest rate plus inflation.
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.
Search Results
Discussion on Recent Thinking About Exchange Rate Determination and Policy | Conference – 1993
12 Jul 1993
Conferences
This being said, it is relevant to emphasise two important caveats to the proposition that nominal exchange rate changes tend to induce roughly equivalent changes in real exchange rates. ... In this context, it was noted that the countries with a high
https://www.rba.gov.au/publications/confs/1993/mussa-disc.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 ... In our benchmark inflation-neutral world, a fully-anticipated
https://www.rba.gov.au/publications/confs/1992/mctaggart.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
Discussion on Inflation Targeting and Japan: Why has the Bank of Japan not Adopted Inflation Targeting? | Conference – 2004
9 Aug 2004
Conferences
The transition to deflation differs from disinflation because of the zero lower bound in nominal wage growth, if any, and nominal interest rates. ... Whatever the deficiency, from Taka's point of view, of the Bank of Japan's commitment to keep nominal
https://www.rba.gov.au/publications/confs/2004/ito-disc.html
The Welfare Effects of Alternative Choices of Instruments and Targets for Macroeconomic Stabilisation Policy | Conference – 1997
21 Jul 1997
Conferences
If real interest rates are constant, variations in the inflation rate translate directly into variations in the nominal interest rate, and only the return to cash is affected. ... Short-term inflationary shocks – those that had no significant effect on
https://www.rba.gov.au/publications/confs/1997/quiggin.html
The Exchange Rate and Macroeconomic Policy in Australia | Conference – 1993
12 Jul 1993
Conferences
where variables not previously defined are:. M nominal money supply. i nominal interest rate. ... It is worth mentioning these qualifications briefly. Relaxing the Mundell-Fleming model assumption that exchange rate expectations are static introduces the
https://www.rba.gov.au/publications/confs/1993/pitchford.html
News and Interest Rate Expectations: A Study of Six Central Banks | Conference – 2004
9 Aug 2004
Conferences
The efficient market hypothesis suggests that interest rate futures incorporate all relevant information about future interest rates that is available at any point in time. ... We measure these using changes in daily implied interest rates from 90-day
https://www.rba.gov.au/publications/confs/2004/connolly-kohler.html
4 July 2023 | Minutes of the Monetary Policy Meeting of the Board
18 Jul 2023
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 4 July 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-07-04.html
5 September 2023 | Minutes of the Monetary Policy Meeting of the Board
19 Sep 2023
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5 September 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-09-05.html
3 October 2023 | Minutes of the Monetary Policy Meeting of the Board
17 Oct 2023
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 3 October 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-10-03.html