Search: Nominal interest rate
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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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The Year in Review
9 Mar 2023
RBA Annual Report
– 1989
As the economy moves into 1989/90, monetary conditions are tight with short-term interest rates high in both nominal and real terms. ... However, this is not the primary objective. In fact, in the short run, there may be perverse effects on the balance
https://www.rba.gov.au/publications/annual-reports/rba/1989/year-review.html
Economic Developments
9 Mar 2023
RBA Annual Report
– 1988
monetary policy, causing U.S. interest rates to rise. Elsewhere, rapid growth in the monetary aggregates in Japan and West Germany, with the attendant risk of an upsurge in inflation, caused ... As the effects of the crash dissipated, the authorities
https://www.rba.gov.au/publications/annual-reports/rba/1988/eco-developments.html
Monetary Management in 1988/89
9 Mar 2023
RBA Annual Report
– 1989
It also raises the cost of investment through higher interest rates and a higher-than-otherwise exchange rate, and thus tends to slow the likely growth of future productive capacity. ... The combination of high domestic interest rates and general
https://www.rba.gov.au/publications/annual-reports/rba/1989/monetary-management.html
Banknotes
27 Oct 2022
RBA Annual Report
– October 2022
In 2021/22, the amount of interest payments to the banks for this purpose was very low, reflecting the low interest rate environment. ... That said, the opportunity cost of holding banknotes has also fallen in line with low interest rates.
https://www.rba.gov.au/publications/annual-reports/rba/2022/banknotes.html
Reserve Bank of Australia Annual Report 2021
29 Sep 2022
RBA Annual Report
2021
PDF
6721KB
https://www.rba.gov.au/publications/annual-reports/rba/2021/pdf/2021-report.pdf
Banknotes
12 Apr 2020
RBA Annual Report
– 2020
In 2019/20, around 21,000 counterfeits, with a nominal value of $1.6 million, were detected in circulation. ... Total. Number. 29. 27. 244. 9,821. 11,353. 21,474. Nominal value ($).
https://www.rba.gov.au/publications/annual-reports/rba/2020/banknotes.html
Reserve Bank of Australia Annual Report 2018
10 Feb 2020
RBA Annual Report
2018
PDF
8962KB
https://www.rba.gov.au/publications/annual-reports/rba/2018/pdf/2018-report.pdf
Banknotes
17 Oct 2019
RBA Annual Report
– 2019
In 2018/19, around 18,000 counterfeits, with a nominal value of just over $1 million, were detected in circulation. ... Total. Number. 31. 57. 518. 10,402. 6,552. 17,560. Nominal value ($).
https://www.rba.gov.au/publications/annual-reports/rba/2019/banknotes.html
Banknotes
24 Oct 2016
RBA Annual Report
– 2016
by movements in the exchange rate, and the fact that high-denomination banknotes are also used as a store of wealth, especially in times of financial uncertainty and low interest rates. ... Total. Number. 29. 51. 448. 22,063. 3,656. 26,247. Nominal value
https://www.rba.gov.au/publications/annual-reports/rba/2016/banknotes.html
Reserve Bank of Australia Annual Report 2016 - Banknotes
13 Oct 2016
RBA Annual Report
2016
PDF
4226KB
https://www.rba.gov.au/publications/annual-reports/rba/2016/pdf/banknotes.pdf