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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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Research Workshop – 2018

14 Dec 2018 Research Workshop
The Reserve Bank of Australia 2018 research workshop, 'Quantitative Macroeconomics'
https://www.rba.gov.au/publications/workshops/research/2018/