Search: Nominal interest rate
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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Key Financial Developments Since the Wallis Inquiry | Submission to the Financial System Inquiry – March 2014 | Financial Sector |…
1 Mar 2014
Submissions
Nominal interest rates eventually fell in line with the lower inflation compensation required. ... As nominal interest rates fall, borrowers can service a larger loan with the same repayment.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/financial-developments-since-wallis-inquiry.html
Currency
29 Aug 2011
RBA Annual Report
– 2011
Number. 28. 175. 567. 16,568. 464. 17,802. Nominal value ($). 140. ... Following the arrests, counterfeiting rates have fallen sharply, returning to levels consistent with previous experience.
https://www.rba.gov.au/publications/annual-reports/rba/2011/currency.html
Productivity Commission Inquiry on First Home Ownership
14 Nov 2003
Submissions
PDF
438KB
This. structural reduction in nominal interest rates has been principally a result of the transition. ... much stronger position to compete than first-time buyers. 2. 5. Mortgage interest rates have been relatively stable at a low rate now for the past.
https://www.rba.gov.au/publications/submissions/housing-and-housing-finance/inquiry-productivity-commission-on-first-home/pdf/inquiry-productivity-commission-on-first-home.pdf
Drivers of Demand | Submission to the Inquiry into Home Ownership June 2015 | Housing and Housing Finance | Submissions
1 Jun 2015
Submissions
In particular, the transition to a low-inflation regime, implying lower nominal interest rates, has significantly increased households' borrowing capacities relative to their current incomes, and therefore their capacity to service ... Graph 20. Over the
https://www.rba.gov.au/publications/submissions/housing-and-housing-finance/inquiry-into-home-ownership/drivers-of-demand.html
Submission to the Inquiry into Affordable Housing–February 2014 | Housing and Housing Finance | Submissions
1 Feb 2014
Submissions
Typically the interest rate used to calculate allowable loan sizes does not fall as much as actual interest rates, or only up to a point. ... Borrowers can service larger loans with the same repayment when average interest rates decline (Graph 16).
https://www.rba.gov.au/publications/submissions/housing-and-housing-finance/inquiry-affordable-housing/
Note 1 – Accounting Policies | Financial Statements
29 Aug 2011
RBA Annual Report
– 2011
The pricing of the swap must therefore reflect the interest rates applicable to these money market transactions. ... Interest rates are implicit in the swap contract but interest itself is not paid or received.
https://www.rba.gov.au/publications/annual-reports/rba/2011/fin-statements/note-1.html
Note 1 – Summary of Accounting Policies | Financial Statements
3 Aug 2000
RBA Annual Report
– 2000
The RBA engages in interest rate futures and foreign currency swaps and has purchased call options. ... Interest rate futures, foreign currency swaps and call options are off-balance sheet items.
https://www.rba.gov.au/publications/annual-reports/rba/2000/fin-statements/note-1.html
The Focus of Policy | Reserve Bank of Australia Annual Report - 1991
30 Jun 1991
Annual Report
decisively. In line with this medium-term focus, nominal interest rates have been lowered, since January 1990, in response to the changes in the economic cycle and the inflationary environment. ... that had occurred; at no time, however, were interest
https://www.rba.gov.au/publications/annual-reports/rba/1991/focus-policy.html
The Economy and Monetary Policy | Reserve Bank of Australia Annual Report - 1995
31 Dec 1995
Annual Report
nominal interest rates. ... Those interest rates were, in nominal terms, the lowest for a generation.
https://www.rba.gov.au/publications/annual-reports/rba/1995/economy-monetary.html
The Economy and Monetary Policy | Reserve Bank of Australia Annual Report - 1994
30 Jun 1994
Annual Report
Households, encouraged by the stronger labour market and the lowest nominal interest rates in a generation, extended their borrowings for housing and consumption purposes. ... Inflationary expectations have declined in Australia over recent years, and
https://www.rba.gov.au/publications/annual-reports/rba/1994/economy-monetary.html