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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Appendix C: Additional Microdata Results
19 Dec 2023
RDP
2023-09
Sources: ABS; Authors' calculations. Figure C7: Investment Response to 100 Basis Point Monetary Policy Shock. ... Sources: ABS; Authors' calculations. Figure C8: Investment Response to 100 Basis Point Monetary Policy Shock.
https://www.rba.gov.au/publications/rdp/2023/2023-09/appendix-c.html
MARTIN Has Its Place: A Macroeconometric Model of the Australian Economy
1 Aug 2019
RDP
2019-07
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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A History of Australian Equities
1 Jun 2019
RDP
2019-04
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 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
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The Household Cash Flow Channel of Monetary Policy
16 Dec 2016
RDP
2016-12
The central estimates imply that lowering interest rates by 100 basis points would be associated with an increase in aggregate household expenditure of about 0.1 to 0.2 per cent
https://www.rba.gov.au/publications/rdp/2016/2016-12.html
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The Algorithm
15 Dec 2016
RDP
2016-11
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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The Impact of Monetary Policy on the Exchange Rate: A Study Using Intraday Data
1 Apr 2005
RDP
2005-02
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2005/2005-02.html
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Credit and Monetary Policy: An Australian SVAR
1 Sep 2005
RDP
2005-06
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/2005/2005-06.html
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The Consequences of Low Interest Rates for the Australian Banking Sector
21 Dec 2022
RDP
2022-08
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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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