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RBA Glossary definition for bill rate
bill rate – The bill rate is the effective yield to maturity earned by the holder of a bill. The yield is usually expressed as a per annum rate.
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Appendix A: Data Sources
1 Nov 1996
RDP
9608
The world short interest rate is calculated as the weighted arithmetic average of short interest rates (3-month Treasury Bills) from the United States, Canada and the United Kingdom. ... Real interest rates for the exchange rate section are calculated by
https://www.rba.gov.au/publications/rdp/1996/9608/appendix-a.html