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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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31 Dec 2005
RDP
2005-04
it is not until year 6 that it even reaches 25 basis points. ... By contrast, in the β = 1.0 economy, the corresponding ‘ZLB effect’ is still negligible in year 4, and only reaches 26 basis points in year 6.
https://www.rba.gov.au/publications/rdp/2005/2005-04/results.html
Methodology
31 Dec 2005
RDP
2005-04
It is at this point that our treatment diverges from that in Gruen et al (2003). ... cent declines in the Wilshire 5,000 index were commonly the basis for the forecasts.
https://www.rba.gov.au/publications/rdp/2005/2005-04/methodology.html
Conclusions
31 Dec 2005
RDP
2005-04
tighter (), looser () or little different (=) than otherwise (where ‘little different’ here denotes an impact of less than 25 basis points). ... The key point, however, is that this is not uniformly so – and, for different scenarios, the form of
https://www.rba.gov.au/publications/rdp/2005/2005-04/conclusions.html