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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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
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
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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6 June 2023 | Minutes of the Monetary Policy Meeting of the Board
20 Jun 2023
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 6 June 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-06-06.html
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 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 Value of Payment Instruments: Estimating Willingness to Pay and Consumer Surplus
30 Mar 2015
RDP
2015-03
We estimate that on average credit card holders place a value of 0.6 basis points on every 1 basis point of effective rewards rebate. ... of 13 basis points per transaction.
https://www.rba.gov.au/publications/rdp/2015/2015-03.html
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7 March 2023 | Minutes of the Monetary Policy Meeting of the Board
21 Mar 2023
Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 7 March 2023
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2023/2023-03-07.html
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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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