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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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An Economic and Financial Update
21 Apr 2020
Speech
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136KB
v. modifying the interest rate corridor system so that balances held in Exchange SettlementAccounts at the Reserve Bank earn 10 basis points, rather than zero. ... The cash rate has also drifted below 25 basis pointsand today is at 15 basis points.
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-04-21.pdf
Bagehot and the Lender of Last Resort – 150 Years On
18 Dec 2023
Speech
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318KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-ag-2023-12-14.pdf
Speech Remarks to FINSIA Forum Philip Lowe Governor Webinar: ...
21 May 2020
Speech
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105KB
In the difficult days of mid March, the Council made a number of public statements focused on fourkey points. ... It included cuttingthe cash rate to 25 basis points, targeting a yield of 25 basis points for 3-year Australian Governmentbonds and making a
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-05-21.pdf
22/09/2020 New Financial Statistics: The Value of Sound Data ...
22 Sep 2020
Speech
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172KB
Variable housing interest rates have declinedsince March, when the cash rate target was cut by a total of 50 basis points. ... Interest rateson new fixed-rate loans have declined by around 65 basis points since February this year.
https://www.rba.gov.au/speeches/2020/pdf/sp-so-2020-09-17.pdf
3/17/2021 FX Markets Around the Turn of the Year ...
16 Mar 2021
Speech
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234KB
Indeed, for a brief period, the premium on very short-term swaps dropped very sharply, to as low as175 basis points for 1-week swaps (Graph 2). ... Up till now, the Bank has held foreign currency reserves on an outright basis to satisfy its policyneeds.
https://www.rba.gov.au/speeches/2021/pdf/sp-ag-2021-02-17.pdf
22/09/2020 The Australian Economy and Monetary Policy | Speeches ...
22 Sep 2020
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217KB
Sources: ASX; RBA. The cash rate target was reduced to 25 basis points. ... These funds are lent by the RBA to the banking system for a term of three yearsand at a fixed rate of 25 basis points.
https://www.rba.gov.au/speeches/2020/pdf/sp-dg-2020-09-22.pdf
Responding to the Economic and Financial Impact of COVID-19
23 Apr 2020
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131KB
It may also take some time for yields to fall from their current level to 25 basis points. ... Under this arrangement and with the cash rate now at 25 basis points, the interest rate on ExchangeSettlement balances would have been zero.
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-03-19.pdf
Today's Monetary Policy Decision
4 Nov 2020
Speech
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160KB
Facility to 10 basis points, from the current25 basis points. ... second, a reduction in the interest rate on Exchange Settlement balances to zero from thecurrent 10 basis points.
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-11-03.pdf
A Tokenised Future for the Australian Financial System?
16 Oct 2023
Speech
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504KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-ag-2023-10-16.pdf
Opening Statement to the House of Representatives Standing Committee on Economics
5 Feb 2021
Speech
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154KB
It is difficult to be precise, but weestimate that our bond purchases have lowered yields on longer-term Australian Government bondsby around 30 basis points. ... It has made nodecision yet. The sixth and final point is that the cash rate will be
https://www.rba.gov.au/speeches/2021/pdf/sp-gov-2021-02-05.pdf