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11–20 of 1,196 search results for 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.

Domestic Financial Conditions

4 Nov 2022 SMP – November 2022

Interest rates on new variable-rate loans remain around 50 basis points lower than on outstanding loans. ... Graph 3.22. Table 3.2: Average Outstanding Housing Rates. September 2022. Interest rate in Sep 2022.

https://www.rba.gov.au/publications/smp/2022/nov/domestic-financial-conditions.html

Semi-Annual Statement on Monetary Policy

31 Jul 2003 SMP PDF 25KB

made by deducting an expectationof future, rather than past, inflation from therelevant nominal interest rate. ... Proxies for real interest rates can be moreuseful over long periods, particularly wherethere are pronounced differences in theprevailing

https://www.rba.gov.au/publications/smp/1997/may/pdf/box-4.pdf

Domestic Financial Conditions

5 Nov 2021 SMP – November 2021

Despite recent increases, interest rates on longer-term fixed-rate loans remain at low levels. ... Graph 3.23. Table 3.1: Average Outstanding Housing Rates. September 2021. Interest rate.

https://www.rba.gov.au/publications/smp/2021/nov/domestic-financial-conditions.html