Search: Nominal interest rate
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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.
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7 September 2010 | Minutes of the Monetary Policy Meeting of the Board
21 Sep 2010
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 7 September 2010
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2010/07092010.html
6 September 2016 | Minutes of the Monetary Policy Meeting of the Board
20 Sep 2016
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board on 6 September 2016
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2016/2016-09-06.html
5 February 2019 | Minutes of the Monetary Policy Meeting of the Board
19 Feb 2019
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5 February 2019
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2019/2019-02-05.html
5 November 2019 | Minutes of the Monetary Policy Meeting of the Board
19 Nov 2019
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5 November 2019
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2019/2019-11-05.html
3 November 2015 | Minutes of Monetary Policy Meeting of the Board
17 Nov 2015
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 3 November 2015
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2015/2015-11-03.html
5 September 2017 | Minutes of the Monetary Policy Meeting of the Board
19 Sep 2017
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5 September 2017
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2017/2017-09-05.html
Key Financial Developments Since the Wallis Inquiry | Submission to the Financial System Inquiry – March 2014 | Financial Sector |…
1 Mar 2014
Submissions
Nominal interest rates eventually fell in line with the lower inflation compensation required. ... As nominal interest rates fall, borrowers can service a larger loan with the same repayment.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/financial-developments-since-wallis-inquiry.html
3 March 2015 | Minutes of the Monetary Policy Meeting of the Board
17 Mar 2015
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 3 March 2015
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2015/2015-03-03.html
6 March 2012 | Minutes of the Monetary Policy Meeting of the Board
20 Mar 2012
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 6 March 2012
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2012/06032012.html
Submission to the Inquiry into Affordable Housing–February 2014 | Housing and Housing Finance | Submissions
1 Feb 2014
Submissions
Typically the interest rate used to calculate allowable loan sizes does not fall as much as actual interest rates, or only up to a point. ... Borrowers can service larger loans with the same repayment when average interest rates decline (Graph 16).
https://www.rba.gov.au/publications/submissions/housing-and-housing-finance/inquiry-affordable-housing/