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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 Distributional Effects of Monetary Policy: Evidence from Local Housing Markets
1 Feb 2020
RDP
2020-02
The OLS estimates indicate that a 1 percentage point increase in income is associated with a 3.2 basis points larger negative response of housing prices two years after a percentage ... 100 basis point increase in cash rate, relative to median group, by
https://www.rba.gov.au/publications/rdp/2020/2020-02/full.html
Robustness Tests
14 Feb 2020
RDP
2020-02
Figure 7: Housing Price Response Densities. 100 basis point increase in cash rate, two-year horizon. ... Figure 8: Differential Housing Price Response to Monetary Policy. 100 basis point increase in cash rate, relative to median price group, by horizon.
https://www.rba.gov.au/publications/rdp/2020/2020-02/robustness-tests.html
Appendix C: Rolling Samples
14 Feb 2020
RDP
2020-02
However, the magnitudes are slightly larger with the average of the top four deciles being –2.23 percentage points. ... Figure C1: Differential Housing Price Response to Monetary Policy. 100 basis point increase in cash rate, relative to median,
https://www.rba.gov.au/publications/rdp/2020/2020-02/appendix-c.html
The Distributional Effects of Monetary Policy on Housing Wealth
14 Feb 2020
RDP
2020-02
per cent in response to a 100 basis point increase in the cash rate. ... 100 basis point increase in cash rate, relative to median group, by horizon.
https://www.rba.gov.au/publications/rdp/2020/2020-02/the-distributional-effects-of-monetary-policy-on-housing-wealth.html
Heterogeneity in the Sensitivity of Local Housing Prices to Monetary Policy
14 Feb 2020
RDP
2020-02
Figure 2: Housing Price Response Densities. 100 basis point increase in cash rate, two-year horizon. ... The OLS estimates indicate that a 1 percentage point increase in income is associated with a 3.2 basis points larger negative response of housing
https://www.rba.gov.au/publications/rdp/2020/2020-02/heterogeneity-in-the-sensitivity-of-local-housing-prices-to-monetary-policy.html
Non-technical summary for ‘The Distributional Effects of Monetary Policy: Evidence from Local Housing Markets’
1 Feb 2020
RDP
2020-02
While housing prices in the median region fall by 2.3 per cent two years following a 100 basis point increase in the cash rate, at the 25th and 75th percentiles,
https://www.rba.gov.au/publications/rdp/2020/2020-02/non-technical-summary.html