Search: basis point
RBA Glossary definition for basis point
basis point – A basis point is 1/100th of 1 per cent or 0.01 per cent, so 100 basis points (bps) is equal to 1 percentage point. The term is used in money and securities markets to define differences in interest or yield. If an interest rate were to increase from 2 per cent to 3 per cent, it is said to have risen by 100 basis points (bps) or one percentage point.
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The Yield and Market Function Effects of the Reserve Bank of Australia’s Bond Purchases
19 May 2022
RDP
PDF
1938KB
largest at the 10-year point at around 30 basis points (Figure 5). ... very similar to the fall in actual AGS yields, at around 30 basis points.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-02.pdf
Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data
13 Feb 2024
RDP
PDF
1260KB
The share of SMEs. (less than 200 employees) innovating falls by 6 percentage points the year after a 100 basis point. ... Table 1: Effect of 100 Basis Point Contractionary Shock on Share of Firms Innovating.
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-01.pdf
Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE
7 Jan 2024
RDP
PDF
1715KB
Figure B1). Figure 2: Investment Response to 100 Basis Point Monetary Policy Shock. ... and Palazzo 2021). 10. Figure 3: Investment Response to 100 Basis Point Monetary Policy Shock.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-09.pdf
Cash Rate Pass-through to Outstanding Mortgage Rates
17 Apr 2024
Bulletin
- April 2024
PDF
736KB
https://www.rba.gov.au/publications/bulletin/2024/apr/pdf/cash-rate-pass-through-to-outstanding-mortgage-rates.pdf
Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions
29 Dec 2022
RDP
PDF
1886KB
100 basis point shock. This occurs because the identifying restrictions may admit the possibility that. ... Sign restrictions may. therefore be extremely uninformative about the effects of a 100 basis point shock.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-09.pdf
Demand in the Repo Market: Indirect Perspectives from Open Market Operations from 2006 to 2020
9 May 2024
RDP
PDF
4625KB
2 basis points below the overnight indexed swap (OIS) rate (Figure 3).11 This relationship between. ... a 2.5 basis point increase from 5 basis points to 7.5 basis points would be regarded as a significant.
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-03.pdf
Identifying Interbank Loans from Payments Data
6 Dec 2016
RDP
PDF
3267KB
overnight borrowing from the RBA is 25 basis points above the target cash rate). ... To summarise, when expanding the allowable interest rate range beyond 0 basis points around the.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-11.pdf
The Unit-effect Normalisation in Set-identified Structural Vector Autoregressions
6 Oct 2022
RDP
PDF
2224KB
100 basis point federal funds rate shock under different sets of identifying restrictions. ... Some. restrictions are very uninformative about the effects of a 100 basis point shock.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-04.pdf
Identifying Repo Market Microstructure from Securities Transactions Data
13 Aug 2018
RDP
PDF
2622KB
50 basis points, and drift upward between 2006 and 2015. For maturities up to 14 days, rates are. ... in basis points with two decimal places, have any non-zero decimals (‘non-rounded rates’).
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-09.pdf
Macrofinancial Stress Testing on Australian Banks
13 Sep 2023
RDP
PDF
1940KB
2 Our calibration results in wholesale funding spreads rising by 80 basis points for every percentage point of reduction. ... We feel this latter point is essential for modelling defaults on banks’ business lending portfolios,.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-03.pdf