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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Statement by Glenn Stevens, Governor: Monetary Policy
8 Aug 2007
Media Releases
Announcement of increase in the cash rate by 25 basis points to 6.50 per cent
https://www.rba.gov.au/media-releases/2007/mr-07-11.html
The Future System for Monetary Policy Implementation
2 Apr 2024
Speech
Speech delivered by Christopher Kent, Assistant Governor (Financial Markets), Bloomberg Australia Briefing, Sydney
https://www.rba.gov.au/speeches/2024/sp-ag-2024-04-02.html
Statement by Glenn Stevens, Governor: Monetary Policy Decision
6 Apr 2010
Media Releases
Announcement that the Board decided to raise the cash rate by 25 basis points to 4.25 per cent, effective 7 April 2010
https://www.rba.gov.au/media-releases/2010/mr-10-06.html
Statement by Glenn Stevens, Governor: Monetary Policy Decision
6 Dec 2011
Media Releases
Announcement that the Board decided to lower the cash rate by 25 basis points to 4.25 per cent, effective 7 December 2011
https://www.rba.gov.au/media-releases/2011/mr-11-28.html
Statement by Glenn Stevens, Governor: Monetary Policy
3 Nov 2009
Media Releases
Announcement of increase in the cash rate by 25 basis points to 3.5 per cent
https://www.rba.gov.au/media-releases/2009/mr-09-25.html
Statement by the Governor, Mr Ian Macfarlane: Monetary Policy
5 Jun 2002
Media Releases
Announcement of increase in the cash rate by 25 basis points to 4.75 per cent
https://www.rba.gov.au/media-releases/2002/mr-02-11.html
Statement by Glenn Stevens, Governor: Monetary Policy
5 Feb 2008
Media Releases
Announcement of increase in the cash rate by 25 basis points to 7.0 per cent
https://www.rba.gov.au/media-releases/2008/mr-08-02.html
Statement by the Governor, Mr Ian Macfarlane: Monetary Policy
7 Mar 2001
Media Releases
Announcement of reduction in the cash rate by 25 basis points to 5.50 per cent
https://www.rba.gov.au/media-releases/2001/mr-01-04.html
Statement by Glenn Stevens, Governor: Monetary Policy Decision
4 Dec 2012
Media Releases
Announcement that the Board decided to reduce the cash rate by 25 basis points to 3.0 per cent, effective 5 December 2012
https://www.rba.gov.au/media-releases/2012/mr-12-36.html
Statement by Glenn Stevens, Governor: Monetary Policy
7 Apr 2009
Media Releases
Announcement of reduction in the cash rate by 25 basis points to 3.0 per cent
https://www.rba.gov.au/media-releases/2009/mr-09-06.html