Search: Nominal interest rate
RBA Glossary definition for Nominal interest rate
Nominal interest rate – The nominal interest rate refers to the cost of borrowing money before adjustment for inflation i.e. it includes compensation for the expected erosion of the value of the borrowed funds due to inflation. It is the cost visible to the borrower, and is composed of the real interest rate plus inflation.
RBA Glossary definition for interest rate
interest rate – The term used to describe the cost of borrowing money or the return to the owner of the funds which are invested or lent out. It is usually expressed as a percent per annum of the amount of money borrowed, lent or invested.
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Semi-Annual Statement on Monetary Policy
10 May 1998
Bulletin
– May 1998
money. The low interest rate environment and good company profitability have supported the US share market. ... This is because arbitrage by market participants works to ensure that three-month interest rates reflect the expected average cash rate over
https://www.rba.gov.au/publications/bulletin/1998/may/2.html
Semi-Annual Statement on Monetary Policy
10 Nov 1997
Bulletin
– November 1997
As a result, the three reductions in official interest rates during 1996 have been followed by two further declines since the first. ... Markets assessed that the authorities in Hong Kong would resist any change in the exchange rate despite the loss of
https://www.rba.gov.au/publications/bulletin/1997/nov/2.html
Economic Outlook
5 May 2023
SMP
– May 2023
Economic Outlook | Statement on Monetary Policy – May 2023
https://www.rba.gov.au/publications/smp/2023/may/economic-outlook.html
References
21 Jun 2023
RDP
2023-05
Brunnermeier MK and Y Koby (2018), ‘The Reversal Interest Rate’, NBER Working Paper No 25406. ... Lopez JA, AK Rose and MM Spiegel (2020), ‘Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance?
https://www.rba.gov.au/publications/rdp/2023/2023-05/references.html
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The Australian Economy and Financial Markets
2 May 2024
Chart Pack
PDF
5792KB
The Australian Economy and Financial Markets - May 2024
https://www.rba.gov.au/chart-pack/pdf/chart-pack.pdf
News and Interest Rate Expectations: A Study of Six Central Banks
27 Nov 2006
Conferences
PDF
206KB
RBA Conference Volume 2004
https://www.rba.gov.au/publications/confs/2004/pdf/connolly-kohler.pdf
Financial-asset Prices and Monetary Policy: Theory and Evidence | Conference – 1997
21 Jul 1997
Conferences
t. ) and the current price level. The central bank sets the nominal interest rate to minimise the following intertemporal loss function,. ... where. is the equilibrium nominal interest rate, π. t. the trend inflation rate,.
https://www.rba.gov.au/publications/confs/1997/smets.html
Discussion of Inflation and Interest Rates
20 Dec 2023
Conferences
PDF
150KB
RBA Annual Conference 2023
https://www.rba.gov.au/publications/confs/2023/pdf/rba-conference-2023-cochrane-discussion.pdf
Forward Guidance and the State of the Economy
7 Apr 2016
Research Workshop
PDF
420KB
Reserve Bank of Australia Research Workshop 2015: Quantitative Macroeconomics
https://www.rba.gov.au/publications/workshops/research/2015/pdf/rba-workshop-2015-keen-richter-throckmorton.pdf
2.4 Banknotes
19 Oct 2023
RBA Annual Report
– October 2023
Banknotes | Reserve Bank of Australia Annual Report – October 2023
https://www.rba.gov.au/publications/annual-reports/rba/2023/banknotes.html