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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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The Reserve Bank's Open Market Operations

10 Jun 2003 Bulletin – June 2003
The Reserve Bank pays interest on balances held in ES accounts at a rate 25 basis points below the target for the cash rate. ... Graph 1. Since the beginning of 2001, the largest deviation of the cash rate from target has been an undershoot of 6 basis
https://www.rba.gov.au/publications/bulletin/2003/jun/1.html

7 November 2023 | Minutes of the Monetary Policy Meeting of the Board

21 Nov 2023 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 7 November 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-11-07.html

5 December 2023 | Minutes of the Monetary Policy Meeting of the Board

19 Dec 2023 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5 December 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-12-05.html

The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data

8 Jun 2023 RDP PDF 1310KB
interest rates results in a 5 basis point decline in net interest margins in the short run. ... during normal times, a 100 basis point reduction in short-term interest rates reduces smaller banks’.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-05.pdf

Bulletin

29 Jan 2024 Bulletin - January 2024 PDF 5775KB
https://www.rba.gov.au/publications/bulletin/2024/jan/pdf/bulletin-2024-01.pdf

The Economy and Financial Markets

10 Feb 2000 Bulletin – February 2000
February. This takes the Federal Funds rate to 5 per cent, 100 basis points higher than the low point reached in late 1998. ... Graph 7. Table 3: Policy Interest Rates. Increases. since 1999. low Basis points.
https://www.rba.gov.au/publications/bulletin/2000/feb/1.html

Statement on Monetary Policy

10 Aug 2003 Bulletin – August 2003
In the US, yields are now over 100 basis points above the troughs reached in early June. ... basis points rather than the 50 basis points that had been widely anticipated.
https://www.rba.gov.au/publications/bulletin/2003/aug/1.html

1 August 2023 | Minutes of the Monetary Policy Meeting of the Board

15 Aug 2023 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 1 August 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-08-01.html

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

1 Aug 2019 RDP 2019-07
Alexander Ballantyne, Tom Cusbert, Richard Evans, Rochelle Guttmann, Jonathan Hambur, Adam Hamilton, Elizabeth Kendall, Rachael McCririck, Gabriela Nodari and Daniel Rees
We impose a small coefficient on this latter variable, which implies that a 100 basis point decrease in interest rates raises the long-run level of consumption by 0.05 per ... The long run component of the non-mining business investment equation is based
https://www.rba.gov.au/publications/rdp/2019/2019-07/full.html
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Monetary Policy, Equity Markets and the Information Effect

23 Mar 2021 RDP 2021-04
Calvin He
For the one-year-ahead forecast, a 100 basis point increase in the OIS curve causes expected earnings growth of the ASX 200 to fall by 1.9 percentage points. ... The one-year-ahead earnings growth forecasts for the materials sector fall by 9.4 percentage
https://www.rba.gov.au/publications/rdp/2021/2021-04/full.html
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