Search: Nominal interest rate
RBA Glossary definition for Nominal interest rate
Nominal interest rate – The nominal interest rate refers to the cost of borrowing money before adjustment for inflation i.e. it includes compensation for the expected erosion of the value of the borrowed funds due to inflation. It is the cost visible to the borrower, and is composed of the real interest rate plus inflation.
RBA Glossary definition for interest rate
interest rate – The term used to describe the cost of borrowing money or the return to the owner of the funds which are invested or lent out. It is usually expressed as a percent per annum of the amount of money borrowed, lent or invested.
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Semi-Annual Statement on Monetary Policy
10 May 1997
Bulletin
– May 1997
Graph 9. The housing recovery is being supported by an historically high level of affordability of houses which, in turn, reflects the low level of nominal interest rates. ... Falls in mortgage interest rates detracted 0.5 of a percentage point from the
https://www.rba.gov.au/publications/bulletin/1997/may/1.html
Statement on Monetary Policy
10 Feb 2001
Bulletin
– February 2001
In addition, interest rates have increased, which will have reduced funds available for household spending of a discretionary nature. ... In Japan, overnight rates were raised in August 2000 thereby terminating the extraordinary ‘zero interest rate
https://www.rba.gov.au/publications/bulletin/2001/feb/1.html
The Smoothing of Official Interest Rates
7 Dec 2006
Conferences
PDF
190KB
RBA Conference Volume 1997
https://www.rba.gov.au/publications/confs/1997/pdf/lowe-ellis.pdf
Semi-Annual Statement on Monetary Policy
10 Nov 1997
Bulletin
– November 1997
As a result, the three reductions in official interest rates during 1996 have been followed by two further declines since the first. ... Markets assessed that the authorities in Hong Kong would resist any change in the exchange rate despite the loss of
https://www.rba.gov.au/publications/bulletin/1997/nov/2.html
Bulletin
18 Apr 2024
Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/
Statement on Monetary Policy
10 Nov 2001
Bulletin
– November 2001
To be sure, Australian interest rates are now noticeably above those in the US. ... In these countries, nominal interest rates are at low levels, generally in the range of 1–4 per cent.
https://www.rba.gov.au/publications/bulletin/2001/nov/1.html
Discussion of Inflation and Interest Rates
20 Dec 2023
Conferences
PDF
150KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-cochrane-discussion.pdf
Semi-Annual Statement on Monetary Policy
10 May 1998
Bulletin
– May 1998
money. The low interest rate environment and good company profitability have supported the US share market. ... This is because arbitrage by market participants works to ensure that three-month interest rates reflect the expected average cash rate over
https://www.rba.gov.au/publications/bulletin/1998/may/2.html
News and Interest Rate Expectations: A Study of Six Central Banks
27 Nov 2006
Conferences
PDF
206KB
RBA Conference Volume 2004
https://www.rba.gov.au/publications/confs/2004/pdf/connolly-kohler.pdf
Financial-asset Prices and Monetary Policy: Theory and Evidence | Conference – 1997
21 Jul 1997
Conferences
t. ) and the current price level. The central bank sets the nominal interest rate to minimise the following intertemporal loss function,. ... where. is the equilibrium nominal interest rate, π. t. the trend inflation rate,.
https://www.rba.gov.au/publications/confs/1997/smets.html