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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Summary
11 Feb 2020
DOCX
175KB
ANZ considers further analysis of these changes should be undertaken if additional adjustments to interchange rates were to be considered. ... ANZ is also represented on the Australian Payments Council.]. ANZ considers that options for governance and
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/anz.DOCX
REVIEW OF RETAIL PAYMENTS REGULATION: ISSUES PAPER
12 Feb 2020
DOCX
55KB
Much of the Issues Paper relates to matters outside of TrueLayer’s currents interests in Australia, however we felt that we had useful insights into a number of fields of interest ... This resulted in a significant dropoff in conversion rates for our
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/truelayer.DOCX
19 February 2020 Tony Richards Head of Payments Policy ...
19 Feb 2020
DOCX
95KB
Similarly, a reduction in interchange rates has a disproportionate impact on smaller card issuers compared to other banks that can absorb the revenue decline by their ability to amortise costs across ... Larger merchants have benefited from lower
https://www.rba.gov.au/payments-and-infrastructure/submissions/review-of-retail-payments-regulation/cuscal.DOCX