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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Domestic Financial Markets and Conditions
7 Feb 2006
SMP
– February 2006
Domestic interest rates have moved in a narrow range over the past 12 months or so. ... One issue here is that lenders have become more aggressive in marketing loans with increased discounting of interest rates and lowering of credit standards.
https://www.rba.gov.au/publications/smp/2006/feb/dom-fin-mkts.html
The International Environment
4 Nov 2022
SMP
– November 2022
There is significant uncertainty around the level of interest rates that will be needed to achieve that. ... Graph 1.11. Growth in other domestic expenditure has moderated but so far remains positive in the face of rising interest rates and falling real
https://www.rba.gov.au/publications/smp/2022/nov/the-international-environment.html
Domestic Financial Markets and Conditions
10 Feb 2007
SMP
– February 2007
One of the features of housing interest rates over recent years has been lenders' tendency to discount, relative to the indicator rate, the actual rate that borrowers pay. ... Interest rates on fixed-rate loans did not rise as much as those on
https://www.rba.gov.au/publications/smp/2007/feb/dom-fin-mkts.html
Economic Outlook
4 Aug 2023
SMP
– August 2023
Economic Outlook | Statement on Monetary Policy – August 2023
https://www.rba.gov.au/publications/smp/2023/aug/economic-outlook.html
List of tables
10 Aug 2016
SMP
– August 2016
Prior to the August cash rate reduction. Interest rate. Change since April 2016. ... e) Weighted average of variable rate products. (f) Residentially secured, average of the major banks' advertised rates.
https://www.rba.gov.au/publications/smp/2016/aug/tables.html
List of tables
15 May 2017
SMP
– May 2017
Sources: APRA; RBA. Table 4.2: Intermediaries' Lending Rates. Interest rate. Change since November 2016. ... Variable principal-and-interest rate. (a)(b). – Owner-occupier. 4.48. 3. 30. – Investor.
https://www.rba.gov.au/publications/smp/2017/may/tables.html
Domestic Financial Conditions
6 Dec 2023
SMP
- August 2023
PDF
2357KB
https://www.rba.gov.au/publications/smp/2023/aug/pdf/03-domestic-financial-conditions.pdf
Domestic Financial Conditions
20 Nov 2023
SMP
- November 2023
PDF
2300KB
https://www.rba.gov.au/publications/smp/2023/nov/pdf/03-domestic-financial-conditions.pdf
Domestic Economic Conditions
5 May 2023
SMP
- May 2023
PDF
1548KB
https://www.rba.gov.au/publications/smp/2023/may/pdf/02-domestic-economic-conditions.pdf
Economic Outlook
5 May 2023
SMP
- May 2023
PDF
684KB
https://www.rba.gov.au/publications/smp/2023/may/pdf/05-economic-outlook.pdf