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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The International Environment
5 May 2023
SMP
- May 2023
PDF
2793KB
https://www.rba.gov.au/publications/smp/2023/may/pdf/01-the-international-environment.pdf
Box A: Insights from Liaison
5 May 2023
SMP
- May 2023
PDF
217KB
https://www.rba.gov.au/publications/smp/2023/may/pdf/box-a-insights-from-liaison.pdf
Overview
12 Feb 2023
SMP
- February 2023
PDF
64KB
https://www.rba.gov.au/publications/smp/2023/feb/pdf/overview.pdf
Statement on Monetary Policy
12 Feb 2023
SMP
- February 2023
PDF
7754KB
https://www.rba.gov.au/publications/smp/2023/feb/pdf/statement-on-monetary-policy-2023-02.pdf
Domestic Financial Conditions
10 Feb 2023
SMP
– February 2023
Interest rates on new variable-rate loans remain around 50 basis points lower than rates on outstanding variable-rate loans. ... Graph 3.22. Table 3.2: Average Outstanding Housing Rates. December 2022. Interest rate in Dec 2022.
https://www.rba.gov.au/publications/smp/2023/feb/domestic-financial-conditions.html
Economic Outlook
10 Feb 2023
SMP
– February 2023
low savings) are finding it hard to adjust to higher interest rates and higher inflation. ... Many households are well placed to absorb higher interest rate costs without significant spending cuts.
https://www.rba.gov.au/publications/smp/2023/feb/economic-outlook.html
Domestic Economic Conditions
10 Feb 2023
SMP
– February 2023
At the same time, rising interest rates and living costs are reducing real spending power. ... ahead. Alongside inflationary pressures, higher net interest payments are expected to put increasing pressure on household budgets as cash rate increases are
https://www.rba.gov.au/publications/smp/2023/feb/domestic-economic-conditions.html
Overview
10 Feb 2023
SMP
– February 2023
Most central banks have continued raising policy interest rates in order to return inflation to target. ... Rising interest rates are expected to add to this effect by reducing real disposable incomes for some households.
https://www.rba.gov.au/publications/smp/2023/feb/overview.html
Economic Outlook
9 Feb 2023
SMP
- February 2023
PDF
620KB
https://www.rba.gov.au/publications/smp/2023/feb/pdf/05-economic-outlook.pdf
Domestic Economic Conditions
9 Feb 2023
SMP
- February 2023
PDF
1484KB
https://www.rba.gov.au/publications/smp/2023/feb/pdf/02-domestic-economic-conditions.pdf