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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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Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE

7 Jan 2024 RDP PDF 1715KB
Figure B1). Figure 2: Investment Response to 100 Basis Point Monetary Policy Shock. ... and Palazzo 2021). 10. Figure 3: Investment Response to 100 Basis Point Monetary Policy Shock.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-09.pdf

Monetary Policy, Equity Markets and the Information Effect

23 Mar 2021 RDP 2021-04
Calvin He
For the one-year-ahead forecast, a 100 basis point increase in the OIS curve causes expected earnings growth of the ASX 200 to fall by 1.9 percentage points. ... The one-year-ahead earnings growth forecasts for the materials sector fall by 9.4 percentage
https://www.rba.gov.au/publications/rdp/2021/2021-04/full.html
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The Value of Payment Instruments: Estimating Willingness to Pay and Consumer Surplus

30 Mar 2015 RDP 2015-03
Tai Lam and Crystal Ossolinski
We estimate that on average credit card holders place a value of 0.6 basis points on every 1 basis point of effective rewards rebate. ... of 13 basis points per transaction.
https://www.rba.gov.au/publications/rdp/2015/2015-03.html
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A History of Australian Equities

1 Jun 2019 RDP 2019-04
Thomas Mathews
The new data allow for better calculation of the dividend yield, which is revealed to be around 200 basis points lower than previous estimates. ... However, the current ratio for the top 100 stocks is within 10 basis points of its average since 1937
https://www.rba.gov.au/publications/rdp/2019/2019-04/full.html
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The Consequences of Low Interest Rates for the Australian Banking Sector

21 Dec 2022 RDP 2022-08
Anthony Brassil
only 20 basis points of any subsequent 25 basis point reduction to be passed through to banks' debt (including deposits) funding costs. ... a 3 basis point reduction in loss provisioning (compared with 7 basis points in Australia).
https://www.rba.gov.au/publications/rdp/2022/2022-08/full.html
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Appendix B: Aggregate Data Results

19 Dec 2023 RDP 2023-09
100 basis point monetary policy shock, VAR model. Notes: Small VAR with (log) real trade-weighted index, (log) consumption, (log) non-mining business investment, (log) dwelling investment and cash rate. ... Sources: Authors' calculations; Morningstar.
https://www.rba.gov.au/publications/rdp/2023/2023-09/appendix-b.html

Identifying Repo Market Microstructure from Securities Transactions Data

13 Aug 2018 RDP PDF 2622KB
50 basis points, and drift upward between 2006 and 2015. For maturities up to 14 days, rates are. ... in basis points with two decimal places, have any non-zero decimals (‘non-rounded rates’).
https://www.rba.gov.au/publications/rdp/2018/pdf/rdp2018-09.pdf

The Algorithm

15 Dec 2016 RDP 2016-11
Anthony Brassil, Helen Hughson and Mark McManus
Figure 1: Daily Interbank Overnight Cash Rate. Note: Rounded to nearest basis point. ... payment and repayment of principal) with a third transaction that would imply an interest rate within 100 basis points of the target cash rate.
https://www.rba.gov.au/publications/rdp/2016/2016-11/algorithm.html
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Identifying Interbank Loans from Payments Data

6 Dec 2016 RDP PDF 3267KB
overnight borrowing from the RBA is 25 basis points above the target cash rate). ... To summarise, when expanding the allowable interest rate range beyond 0 basis points around the.
https://www.rba.gov.au/publications/rdp/2016/pdf/rdp2016-11.pdf

MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy

1 Aug 2019 RDP 2019-07
Alexander Ballantyne, Tom Cusbert, Richard Evans, Rochelle Guttmann, Jonathan Hambur, Adam Hamilton, Elizabeth Kendall, Rachael McCririck, Gabriela Nodari and Daniel Rees
We impose a small coefficient on this latter variable, which implies that a 100 basis point decrease in interest rates raises the long-run level of consumption by 0.05 per ... The long run component of the non-mining business investment equation is based
https://www.rba.gov.au/publications/rdp/2019/2019-07/full.html
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