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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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Innovation and Regulation in the Australian Payments System
6 Dec 2020
Speech
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181KB
Currently a 20 basis point cap applies when a feeis expressed in percentage terms and a cap of 15 cents applies when the fee is expressed in terms ofcents. ... interchange fee on a $5 transaction is equivalent to an interchange rate of300 basis points,
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-12-07.pdf
The Shift to Electronic Payments – Some Policy Issues
12 Apr 2023
Speech
PDF
615KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-so-2023-03-28.pdf
Opening Statement to the House of Representatives Standing Committee on Economics
9 May 2022
Speech
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154KB
Up until that point thetarget had played an important role in anchoring the yield curve and keeping funding and borrowingcosts low in Australia. ... Inthese circumstances, the Board judged that there were more costs than benefits in seeking tocontinue to
https://www.rba.gov.au/speeches/2022/pdf/sp-gov-2022-02-11.pdf
The Committed Liquidity Facility
23 Jul 2019
Speech
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313KB
The answerwas not very much in normal circumstances. Based on data from the RBA's open market operations,it was estimated to be around 10 basis points. ... The fee will rise from15 to 17 basis points in January 2020 and to 20 basis points in January 2021.
https://www.rba.gov.au/speeches/2019/pdf/sp-ag-2019-07-23.pdf
The Recovery, Investment and Monetary Policy
10 Mar 2021
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431KB
I also want to emphasise that the monetary stimulus is not just about achieving an inflation rate of2 point something. ... We are not considering removingthe target or changing the target from 10 basis points.
https://www.rba.gov.au/speeches/2021/pdf/sp-gov-2021-03-10.pdf
Inflation and Recent Economic Data
8 Mar 2023
Speech
PDF
904KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-gov-2023-03-08.pdf
21/07/2020 COVID-19, the Labour Market and Public Sector Balance ...
21 Jul 2020
Speech
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370KB
is envisaged that the central bank provides finance up until the point that its goals for inflation and. ... Forexample, the various interest rates currently at 25 basis points could have been set lower, at say10 basis points.
https://www.rba.gov.au/speeches/2020/pdf/sp-gov-2020-07-21.pdf
US Monetary Policy and Australian Financial Conditions
10 Dec 2018
Speech
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338KB
https://www.rba.gov.au/speeches/2018/sp-ag-2018-12-10.html 3/10. policy rate seven times, by 175 basis points in total (Graph 2). ... Since the start of the decade, the basis has oscillated around 20 basis points per annum (Graph 5).Typically, though not
https://www.rba.gov.au/speeches/2018/pdf/sp-ag-2018-12-10.pdf
13/12/2017 Merchant Payment Costs and Least-cost Routing | Speeches ...
13 Dec 2017
PDF
291KB
The simple averages of payment costs for eftpos and the international debit schemes across all680 000 merchant accounts suggest a cost differential of 37 basis points. ... However, the data continue to show a significantdifference in average payment costs
https://www.rba.gov.au/speeches/2017/pdf/sp-so-2017-12-13.pdf
Long and Variable Monetary Policy Lags
5 Jun 2023
Speech
PDF
575KB
Speech - 2023
https://www.rba.gov.au/speeches/2023/pdf/sp-ag-2023-03-20.pdf