Search: basis point
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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Taming the Real Estate Beast: The Effects of Monetary and Macroprudential Policies on Housing Prices and Credit
10 Dec 2012
Conferences
PDF
896KB
RBA Conference Volume 2012
https://www.rba.gov.au/publications/confs/2012/pdf/kuttner-shim.pdf
Monetary and Macroprudential Policies: The Case for a Separation of Powers | Conference – 2018
12 Apr 2018
Conferences
More careful studies bear this out. In 2010, my predecessor Charlie Bean estimated that, even had UK Bank Rate been 100 basis points higher from 2005, this would've reduced banks' ... well be to set tight fiscal policy but loose monetary policy (see Kohn
https://www.rba.gov.au/publications/confs/2018/broadbent.html
Competition and the Phillips Curve
19 Dec 2023
Research Workshop
PDF
833KB
RBA Workshop 2023
https://www.rba.gov.au/publications/workshops/research/2023/pdf/rba-workshop-2023-fujiwara-matsuyama.pdf
Designing Inflation Targets | Conference – 1997
21 Jul 1997
Conferences
So while these studies highlight behaviourally important welfare costs, it is difficult to believe they would add more than a few basis points to our estimate of B. ... cent points are added to the NAIRU for each percentage point of disinflation (an
https://www.rba.gov.au/publications/confs/1997/haldane.html
Setting Monetary Policy in East Asia: Goals, Developments and Institutions | Conference – 2001
24 Jul 2001
Conferences
depreciation of the won, higher oil prices and rises in public-sector tariffs) in lowering interest rates only 50 basis points thus far this year. ... The 1-month HIBOR fell below LIBOR by over 100 basis points at times, and 1-year HIBOR (a very liquid
https://www.rba.gov.au/publications/confs/2001/mccauley.html
Uncertainty Shocks, Financial Frictions and Business Cycle Asymmetries Across Countries
19 Dec 2019
Research Workshop
PDF
2144KB
RBA Workshop 2019
https://www.rba.gov.au/publications/workshops/research/2019/pdf/rba-workshop-2019-chatterjee.pdf
Australia's Prosperous 2000s: Housing and the Mining Boom | Conference – 2011
24 Jul 2000
Conferences
and by a total of 375 basis points within five months of the Lehman Brothers collapse. ... Including the 25 basis point cut in September, the cumulative reduction from the peak in the cash rate was 425 basis points to 3 per cent in April 2009, a new
https://www.rba.gov.au/publications/confs/2011/kearns-lowe.html
Financial-asset Prices and Monetary Policy: Theory and Evidence | Conference – 1997
21 Jul 1997
Conferences
and. On the basis of Equations (8) to (10) two observations can be made. ... The estimate of the parameter γ implies that the Australian cash rate is raised by around 25 basis points for every 1 per cent rise in output above the OECD's
https://www.rba.gov.au/publications/confs/1997/smets.html
Credit Risk and the Macroeconomy: Evidence from an Estimated DSGE Model
20 Nov 2009
Research Workshop
PDF
727KB
Reserve Bank of Australia Research Workshop 2009
https://www.rba.gov.au/publications/workshops/research/2009/pdf/gilchrist.pdf
OPTIMAL MONETARY POLICY WITH ENDOGENOUS CAPITAL AND A CREDIT FRICTION
15 Dec 2011
Research Workshop
PDF
406KB
Reserve Bank of Australia Workshop 2011
https://www.rba.gov.au/publications/workshops/research/2011/pdf/hansen.pdf