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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Opening Statement to the House of Representatives Standing Committee on Economics
15 Aug 2023
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226KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-gov-2023-08-11.pdf
Speech How Are Households Placed for Interest RateIncreases? Michele ...
19 Jul 2022
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476KB
400. 10. 20. 30. %. 0. 10. 20. 30. %. Increase in repayments (%). Repayment Increases for Variable-rate LoansChanges in repayments in response. to a 300 basis point increase in interest rates. ... Furthermore, those on very low fixed-rate loans have
https://www.rba.gov.au/speeches/2022/pdf/sp-dg-2022-07-19.pdf
Some Challenges for the Future
18 Mar 2010
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75KB
of giving them more scope to reduce official interest rates in future downturns. ... None of this is helpful for expanding the supply side of the economy, and ultimately higher inflation means higher nominal interest rates.
https://www.rba.gov.au/speeches/2010/pdf/sp-ag-100310.pdf
The Economics of a Central Bank Digital Currency in Australia
7 Dec 2022
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685KB
Speech - 2022
https://www.rba.gov.au/speeches/2022/pdf/sp-ag-2022-12-08.pdf
Housing in the Endemic Phase
26 May 2022
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480KB
Rather, the combined effect of low interest rates and preference shifts iscontinuing to support demand. ... As interest rates increase, the boost to demand from the currentlow interest rates will also wane.
https://www.rba.gov.au/speeches/2022/pdf/sp-ag-2022-05-25.pdf
Innovation and Dynamism in the Post-pandemic World
26 Nov 2021
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335KB
And that is exactly what has happened. Hurdle rates on investmentprojects have remained high even as interest rates and the cost of capital have fallen (Graph 5). ... Firmsmight keep their hurdle rates high because they are uncertain what the right
https://www.rba.gov.au/speeches/2021/pdf/sp-ag-2021-11-18.pdf
The Term Funding Facility, Other Policy Measures, and Financial Conditions
10 Jun 2021
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489KB
Together, these policies have helped to reduce interest rates on fixed-rate loans. ... This lower levelof yields puts downward pressure on interest rates for governments, households and businesses, aswell as downward pressure on the exchange rate.
https://www.rba.gov.au/speeches/2021/pdf/sp-ag-2021-06-09.pdf
Some Current Issues in the Australian Economy
16 Feb 2011
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108KB
Over the decade to 2005, there was a large run-up in household debt and asset prices, and a decline in saving, as households adjusted to lower nominal interest rates and ... It is likely that part of this change reflects the completion of the structural
https://www.rba.gov.au/speeches/2011/pdf/sp-ag-170211.pdf
Housing and the Economy
17 Oct 2019
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476KB
to the shift down in the nominal interest rate structure. ... This has coincidedwith the lower cash rate and mortgage rates, as well as APRA's recent changes to the interest ratethreshold.
https://www.rba.gov.au/speeches/2019/pdf/sp-dg-2019-10-17.pdf
Twenty-five Years of Inflation Targeting in Australia
26 Apr 2018
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237KB
higher nominal interest rate structure. ... We also need to question whether the real interest rate structure has shifted lower permanently, because of permanently lower trend growth say, which would also shift down the nominal rate structure
https://www.rba.gov.au/speeches/2018/pdf/sp-dg-2018-04-12.pdf