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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foreign commercial banks, central banks and international agencies). The RBA engages in interest rate. ... RBA are its Australian dollar securities, its foreign government securities, bank deposits, interest rate.
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valued at market exchange rates (refer Note 17). Interest rate futures. ... domestic government securities, its foreign government securities, bank deposits, interest rate futures, foreign.
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