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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Appendix B: Aggregate Data Results
19 Dec 2023
RDP
2023-09
100 basis point monetary policy shock, VAR model. Notes: Small VAR with (log) real trade-weighted index, (log) consumption, (log) non-mining business investment, (log) dwelling investment and cash rate. ... Sources: Authors' calculations; Morningstar.
https://www.rba.gov.au/publications/rdp/2023/2023-09/appendix-b.html
The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets
1 Feb 2020
RDP
2020-02
The OLS estimates indicate that a 1 percentage point increase in income is associated with a 3.2 basis points larger negative response of housing prices two years after a percentage ... 100 basis point increase in cash rate, relative to median group, by
https://www.rba.gov.au/publications/rdp/2020/2020-02/full.html
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The Consequences of Low Interest Rates for the Australian Banking Sector
21 Dec 2022
RDP
2022-08
only 20 basis points of any subsequent 25 basis point reduction to be passed through to banks' debt (including deposits) funding costs. ... a 3 basis point reduction in loss provisioning (compared with 7 basis points in Australia).
https://www.rba.gov.au/publications/rdp/2022/2022-08/full.html
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A History of Australian Equities
1 Jun 2019
RDP
2019-04
The new data allow for better calculation of the dividend yield, which is revealed to be around 200 basis points lower than previous estimates. ... However, the current ratio for the top 100 stocks is within 10 basis points of its average since 1937
https://www.rba.gov.au/publications/rdp/2019/2019-04/full.html
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Identification and Inference under Narrative Restrictions
20 Oct 2023
RDP
PDF
1128KB
Section 4.1 considers whether NRare point or set identifying in a frequentist sense. ... Q) is point identifiedif the projection of Q onto its jth column vector is a singleton.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-07.pdf
Appendix C: Additional Microdata Results
19 Dec 2023
RDP
2023-09
Sources: ABS; Authors' calculations. Figure C7: Investment Response to 100 Basis Point Monetary Policy Shock. ... Sources: ABS; Authors' calculations. Figure C8: Investment Response to 100 Basis Point Monetary Policy Shock.
https://www.rba.gov.au/publications/rdp/2023/2023-09/appendix-c.html
The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
27 Nov 2023
RDP
2023-08
Most contactless payments were initiated by tapping a physical card on a point-of-sale terminal. ... When measured as a percentage of the transaction value, the median surcharge reported was 1.5 per cent, which was 50 basis points lower than three years
https://www.rba.gov.au/publications/rdp/2023/2023-08/full.html
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The Unit-effect Normalisation in Set-identified Structural Vector Autoregressions
30 May 2022
Research Workshop
PDF
805KB
RBA Workshop 2022
https://www.rba.gov.au/publications/workshops/research/2022/pdf/rba-workshop-2022-read.pdf
The Algorithm
15 Dec 2016
RDP
2016-11
Figure 1: Daily Interbank Overnight Cash Rate. Note: Rounded to nearest basis point. ... payment and repayment of principal) with a third transaction that would imply an interest rate within 100 basis points of the target cash rate.
https://www.rba.gov.au/publications/rdp/2016/2016-11/algorithm.html
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Australian Money Market Divergence: Arbitrage Opportunity or Illusion?
1 Sep 2019
RDP
2019-09
Prior to the financial crisis, foreign exchange swaps required a minimum spread of around 15 basis points to break even at the estimated debt-to-equity ratio at that time (point ... In 2018, the minimum spread required by banks to break even on foreign
https://www.rba.gov.au/publications/rdp/2019/2019-09/full.html
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