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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Twenty-five Years of Inflation Targeting in Australia | Conference – 2018
12 Apr 2018
Conferences
I will return to this point later in discussing some of the current challenges. ... But inflation was still at its post-recession lows of 2 per cent when the RBA increased the cash rate by 275 basis points in three moves over the second half
https://www.rba.gov.au/publications/confs/2018/debelle.html
Expectations and the Neutrality of Interest Rates
27 Nov 2023
Conferences
PDF
477KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-cochrane.pdf
Monetary Policy Frameworks Away from the ELB
20 Dec 2023
Conferences
PDF
4375KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-de-fiore-mojon-rees-sandri.pdf
The Australian Financial System in the 2000s: Dodging the Bullet | Conference – 2011
24 Jul 2000
Conferences
Thereafter, however, the spread remained relatively stable (at 180 basis points) until the start of 2008 when banks adjusted rates to widen the spread over the official cash rate, reflecting higher ... Another mechanism was by way of compression of bank
https://www.rba.gov.au/publications/confs/2011/davis.html
The Evolution of Monetary Policy: From Money Targets to Inflation Targets | Conference – 1997
21 Jul 1997
Conferences
Interest rates were raised by some 200 basis points in April/May 1988 (historically, a very large initial increase) and this was the start of a process which, over the next ... market would accept, in terms of rate reductions (. Annual Report. 1992, pp.
https://www.rba.gov.au/publications/confs/1997/grenville.html
A Perspective on Monetary Policy Transparency and Communication
27 Nov 2006
Conferences
PDF
216KB
RBA Conference Volume 2004
https://www.rba.gov.au/publications/confs/2004/pdf/edey-stone.pdf
A Snapshot of Inflation Targeting in its Adolescence
27 Nov 2006
Conferences
PDF
283KB
RBA Conference Volume 2004
https://www.rba.gov.au/publications/confs/2004/pdf/kuttner.pdf
Competition, Markups, and Inflation: Evidence from Australian Firm-level Data
23 Nov 2023
Conferences
PDF
1757KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-champion-edmond-hambur.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
The Smoothing of Official Interest Rates | Conference – 1997
21 Jul 1997
Conferences
change in policy rates. Ratio of continuations to reversals. Absolute size of changes (average basis points). ... If official interest rates were moved by only a few basis points at a time, the changes would be on the business pages of the newspapers,
https://www.rba.gov.au/publications/confs/1997/lowe-ellis.html