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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Cost-benefit Analysis of Leaning against the Wind
1 Jul 2019
RDP
2019-05
Table 1: Illustrative Example – Effect of a 100 Basis Point Increase in Interest Rates. ... This VAR implies that the 75 basis point increase in interest rates shown above would reduce the pace of growth of real credit by 0.9 percentage points after
https://www.rba.gov.au/publications/rdp/2019/2019-05/full.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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Recent Developments in Federal Reserve System Liquidity and Reserve Operations | Conference – 2008
14 Jul 2008
Conferences
From September 2007 to April 2008, the Federal Open Market Committee (FOMC) reduced the target for the nominal overnight federal funds rate by 325 basis points. ... The rate spread was reduced further to 25 basis points and term loans extended to up to
https://www.rba.gov.au/publications/confs/2008/hilton.html
Capital Flows, Hedge Funds and Market Failure: A Hong Kong Perspective | Conference – 1999
9 Aug 1999
Conferences
The risk premium on the Hong Kong dollar, as measured by the interest rate premium over the US dollar for three-month money, fell from a high of 1250 basis points ... in August to 45 basis points in December 1998, which was comparable to the pre-crisis
https://www.rba.gov.au/publications/confs/1999/yam.html
Job Loss, Subjective Expectations and Household Spending
18 Aug 2021
RDP
2021-08
A 1 percentage point increase in the expected probability of job loss is associated with an increase of about 10 to 18 basis points in the actual probability of job loss. ... of the unemployed at a single point in time in any given survey year.
https://www.rba.gov.au/publications/rdp/2021/2021-08/full.html
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Data and Variables
1 Jul 2021
RDP
2021-07
t. m. measures bank b ′s advertised mortgage rate at the end of quarter t, minus the cash rate, in percentage points. ... In the first half of 2015, the cash rate is cut twice – by 25 basis points in both February and May – but it remained constant
https://www.rba.gov.au/publications/rdp/2021/2021-07/data-and-variables.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
Results
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
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The Consequences of Low Interest Rates for the Australian Banking Sector
19 Dec 2022
RDP
PDF
1588KB
would cause only 20 basis points of any subsequent 25 basis point reduction to be passed through. ... point reduction in loss provisioning (compared with 7 basis points in Australia).
https://www.rba.gov.au/publications/rdp/2022/pdf/rdp2022-08.pdf
Consumer Payment Behaviour in Australia: Evidence from the 2019 Consumer Payments Survey
14 Sep 2020
RDP
2020-06
Via ATM. 100. 100. 80. 100. 100. Via cash out at point of sale. ... When measured as a percentage of the transaction value, the median surcharge was 1.5 per cent, which was 50 basis points higher than three years earlier, although in value terms,
https://www.rba.gov.au/publications/rdp/2020/2020-06/full.html
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