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 Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
27 Nov 2023
RDP
2023-08
Most contactless payments were initiated by tapping a physical card on a point-of-sale terminal. ... When measured as a percentage of the transaction value, the median surcharge reported was 1.5 per cent, which was 50 basis points lower than three years
https://www.rba.gov.au/publications/rdp/2023/2023-08/full.html
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The Evolution of Consumer Payments in Australia: Results from the 2022 Consumer Payments Survey
21 Nov 2023
RDP
PDF
2354KB
metropolitan areas, the greater distance to the ‘next closest’ access point in regional/remote. ... increased by 24 percentage points between 2019 and 2022, to 48 per cent.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-08.pdf
Firms’ Price-setting Behaviour: Insights from Earnings Calls
6 Nov 2023
RDP
PDF
1677KB
managers have been requested to reduce costs on an ongoing basis, thereby explaining persistent. ... aggregate indices from both methodologies can identify significant turning points in the economy.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-06.pdf
Identification and Inference under Narrative Restrictions
26 Oct 2023
RDP
2023-07
θ. ,. ϕ. ,. y. k. ). 0. ). , which truncates the likelihood, with the truncation points depending on y. ... Section 4.1 considers whether NR are point or set identifying in a frequentist sense.
https://www.rba.gov.au/publications/rdp/2023/2023-07/full.html
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Identification and Inference under Narrative Restrictions
20 Oct 2023
RDP
PDF
1128KB
Section 4.1 considers whether NRare point or set identifying in a frequentist sense. ... Q) is point identifiedif the projection of Q onto its jth column vector is a singleton.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-07.pdf
Does Monetary Policy Affect Non-mining Business Investment in Australia? Evidence from BLADE
21 Sep 2023
RDP
2023-09
Sources: ABS; Authors' calculations. Figure 4: Investment Response to 100 Basis Point Monetary Policy Shock. ... Sources: ABS; Authors' calculations. Figure 10: Investment Response to 100 Basis Point Monetary Policy Shock.
https://www.rba.gov.au/publications/rdp/2023/2023-09/full.html
Macrofinancial Stress Testing on Australian Banks
13 Sep 2023
RDP
PDF
1940KB
2 Our calibration results in wholesale funding spreads rising by 80 basis points for every percentage point of reduction. ... We feel this latter point is essential for modelling defaults on banks’ business lending portfolios,.
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-03.pdf
Firms' Price-setting Behaviour: Insights from Earnings Calls
11 Sep 2023
RDP
2023-06
Figure 5 shows that the aggregate indices from both methodologies can identify significant turning points in the economy. ... significant contribution toward recent higher inflation, though they also point to higher pass-through of labour costs.
https://www.rba.gov.au/publications/rdp/2023/2023-06/full.html
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The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data
21 Jun 2023
RDP
2023-05
However, we find a smaller effect than in previous studies: on average across countries, a 100 basis point fall in short-term interest rates results in a 5 basis point decline
https://www.rba.gov.au/publications/rdp/2023/2023-05.html
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The Impact of Interest Rates on Bank Profitability: A Retrospective Assessment Using New Cross-country Bank-level Data
8 Jun 2023
RDP
PDF
1310KB
interest rates results in a 5 basis point decline in net interest margins in the short run. ... during normal times, a 100 basis point reduction in short-term interest rates reduces smaller banks’.
https://www.rba.gov.au/publications/rdp/2023/pdf/rdp2023-05.pdf