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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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Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Administrative Data

13 Feb 2024 RDP PDF 1260KB
policy is constrained by the effective lower bound on interest rates and therefore cannot offset. ... policy. While this literature tends to focus on the effects of US policy on interest rates, investment.
https://www.rba.gov.au/publications/rdp/2024/pdf/rdp2024-01.pdf

Can We Use High-frequency Yield Data to Better Understand the Effects of Monetary Policy and Its Communication? Yes and No!

1 May 2023 RDP PDF 1465KB
the future path of interest rates and premia based on data on yields. ... Many papers incorporate specific interest rates, such as the cash rate, or other short-term interest.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-04.pdf

Identifying Repo Market Microstructure from Securities Transactions Data

13 Aug 2018 RDP PDF 2622KB
so the rate of non-rounded implied interest rates is best considered as an extreme upper bound on. ... the rate of false positives. For example: interest rates could be renegotiated during the loan (and.
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-09.pdf

Read me file for Do Monetary Policy and Economic Conditions Impact Innovation? Evidence from Australian Adminstrative Data

13 Feb 2024 RDP PDF 206KB
RDP 2024-01 supplementary information
https://www.rba.gov.au/publications/rdp/2024/2024-01/rdp-2024-01-read-me.pdf

Australia’s Real Exchange Rate – Is it Explained by the Terms of Trade or by Real Interest Differentials?

30 Nov 2009 RDP PDF 530KB
These graphs provide some evidence that in the most recent period, relatively high Australian real interest rates have tended to keep the real exchange rate high. ... Mishkin (1987) agrees with their conclusions and states even more strongly that
https://www.rba.gov.au/publications/rdp/1991/pdf/rdp9108.pdf

MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy

20 Aug 2019 RDP PDF 1571KB
Examples include. interest rates, the exchange rate, the expenditure components of real GDP, labour market variables. ... growth in the dwelling stock, changes in mortgage interest rates and the rate of inflation.
https://www.rba.gov.au/publications/rdp/2019/pdf/rdp2019-07.pdf

MARTIN Gets a Bank Account: Adding a Banking Sector to the RBA’s Macroeconometric Model

12 Jan 2022 RDP PDF 1774KB
inaccuracies. This is because the interest rates banks charge borrowers ensure they are sufficiently. ... Aggregate shocks to interest rates, unemployment and housing prices are then distributed among.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-01.pdf

Firms’ Price-setting Behaviour: Insights from Earnings Calls

6 Nov 2023 RDP PDF 1677KB
about our topics of interest. A subset of forward-looking indices is also developed. ... t l t l tle == y A y , where ty is the measure of interest.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-06.pdf

The Term Funding Facility: Has It Encouraged Business Lending?

8 Dec 2022 RDP PDF 2133KB
funding costs for banks, which flowed through to lower interest rates for households and businesses. ... TLTRO series were effective in increasing loan supply or decreasing interest rates for participating.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-07.pdf

Estimating the Effects of Monetary Policy in Australia Using Sign-restricted Structural Vector Autoregressions

29 Dec 2022 RDP PDF 1886KB
the predicted short rate from a model of the term structure of interest rates that does not feature a lower bound. ... combination of expansionary demand and supply shocks can result in the nominal interest rate.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-09.pdf