Search Results
12 Apr 2018
Conferences
Anthony Brassil, Jon Cheshire and Joseph Muscatello
This is an important question for the RBA – understanding how cash rate changes are passed through to banks' lending and deposit rates ensures the RBA can set its cash rate target ... The effect of the cash rate on provisioning rates may diminish at
https://www.rba.gov.au/publications/confs/2018/brassil-cheshire-muscatello.html
12 Apr 2018
Conferences
Guy Debelle
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 ... The fact that inflation was still high as these events unfolded did not constrain the
https://www.rba.gov.au/publications/confs/2018/debelle.html
19 Aug 2013
Conferences
Morten L Bech and Cyril Monnet
The target rate in turn influenced other interest rates and hence financing conditions in the wider economy. ... These data are used to calculate the Bank's measure of the Interbank Overnight Cash Rate (IBOC), which is the Reserve Bank Board's
https://www.rba.gov.au/publications/confs/2013/bech-monnet.html
21 Jul 1997
Conferences
Philip Lowe and Luci Ellis
Median. Mean. Median. Australia. Cash rate. target. 7/85–5/97. 1/92–5/97. 74. 121. ... I. t. is the cash rate target at the time that the survey is undertaken;.
https://www.rba.gov.au/publications/confs/1997/lowe-ellis.html
21 Jul 1997
Conferences
John Quiggin
If real interest rates are constant, variations in the inflation rate translate directly into variations in the nominal interest rate, and only the return to cash is affected. ... Thus, a practical method of implementing a target of stable real interest
https://www.rba.gov.au/publications/confs/1997/quiggin.html
10 Jul 1992
Conferences
Doug McTaggart
In addition, because housing loan interest costs are not deductible, and because nominal housing loan rates might rise in excess of the rate inflation due to the tax-adjusted Fisher effect ... Suppose borrowers and lenders face different marginal tax
https://www.rba.gov.au/publications/confs/1992/mctaggart.html
21 Jul 1997
Conferences
Gordon de Brouwer and James O'Regan
The first six of these rules set the nominal cash rate in response to the deviation of a variable, or set of variables, from a target. ... Interest rates are stable, however, since inflation is now lower than the target rate by the exact amount that
https://www.rba.gov.au/publications/confs/1997/de-brouwer-oregan.html
21 Jul 1997
Conferences
Stephen Grenville
In the newly evolved operational procedures, monetary policy was implemented via the cash rate (Macfarlane 1984). ... 9, 14). The desirability of an intermediate target was acknowledged, but the possible intermediate targets (monetary aggregates or the
https://www.rba.gov.au/publications/confs/1997/grenville.html
21 Jul 1997
Conferences
Frank Smets
of a short-term interest rate and the exchange rate – as an operating target. ... 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
18 Aug 2003
Conferences
Charles Bean
It ensures that inflation will be brought back to target, but at a rate that recognises the consequences for activity. ... The target is for an inflation rate for the underlying CPI of 2–3 per cent ‘over the cycle’.
https://www.rba.gov.au/publications/confs/2003/bean.html