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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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
Designing Inflation Targets | Conference – 1997
21 Jul 1997
Conferences
So while these studies highlight behaviourally important welfare costs, it is difficult to believe they would add more than a few basis points to our estimate of B. ... cent points are added to the NAIRU for each percentage point of disinflation (an
https://www.rba.gov.au/publications/confs/1997/haldane.html
Australia's Prosperous 2000s: Housing and the Mining Boom | Conference – 2011
24 Jul 2000
Conferences
and by a total of 375 basis points within five months of the Lehman Brothers collapse. ... Including the 25 basis point cut in September, the cumulative reduction from the peak in the cash rate was 425 basis points to 3 per cent in April 2009, a new
https://www.rba.gov.au/publications/confs/2011/kearns-lowe.html
Competition and the Phillips Curve
19 Dec 2023
Research Workshop
PDF
833KB
RBA Workshop 2023
https://www.rba.gov.au/publications/workshops/research/2023/pdf/rba-workshop-2023-fujiwara-matsuyama.pdf
Taming the Real Estate Beast: The Effects of Monetary and Macroprudential Policies on Housing Prices and Credit
10 Dec 2012
Conferences
PDF
896KB
RBA Conference Volume 2012
https://www.rba.gov.au/publications/confs/2012/pdf/kuttner-shim.pdf
Credibility, Flexibility and Renewal: The Evolution of Inflation Targeting in Canada | Conference – 2018
12 Apr 2018
Conferences
The BoC enacted more than 4 percentage points' worth of conventional easing between December 2007 and April 2009, when the overnight rate reached the ELB, then assessed at 25 basis points. ... the number of quarters needed to return to within 10 basis
https://www.rba.gov.au/publications/confs/2018/carter-mendes-schembri.html
Financial-asset Prices and Monetary Policy: Theory and Evidence | Conference – 1997
21 Jul 1997
Conferences
and. On the basis of Equations (8) to (10) two observations can be made. ... The estimate of the parameter γ implies that the Australian cash rate is raised by around 25 basis points for every 1 per cent rise in output above the OECD's
https://www.rba.gov.au/publications/confs/1997/smets.html
Uncertainty Shocks, Financial Frictions and Business Cycle Asymmetries Across Countries
19 Dec 2019
Research Workshop
PDF
2144KB
RBA Workshop 2019
https://www.rba.gov.au/publications/workshops/research/2019/pdf/rba-workshop-2019-chatterjee.pdf
Robust Design Principles for Monetary Policy Committees | Conference – 2018
12 Apr 2018
Conferences
the other eleven regional Federal Reserve Banks who cast votes on a rotating basis. ... From September 2007 to April 2008, the FOMC slashed the target federal funds rate by a total of 3 percentage points to a level that was still a percentage point
https://www.rba.gov.au/publications/confs/2018/archer-levin.html
Regulating the New Financial Markets | Conference – 1996
9 Jul 1996
Conferences
Banks left to themselves will accept more risk than is optimal from a systemic point of view. ... portfolio is worth significantly less in liquidation than on a going concern basis.
https://www.rba.gov.au/publications/confs/1996/dale.html