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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Statement on Monetary Policy
10 Nov 2004
Bulletin
– November 2004
https://www.rba.gov.au/publications/bulletin/2004/nov/1.html
Statement on Monetary Policy
10 May 2004
Bulletin
– May 2004
Talk of US monetary tightening over the past month prompted a rise in market interest rates in Australia, particularly for longer-term securities, and a fall in the exchange rate of ... The normalisation of interest rates by the Fed is therefore expected
https://www.rba.gov.au/publications/bulletin/2004/may/1.html
Quarterly Report on the Economy and Financial Markets
10 Aug 1997
Bulletin
– August 1997
In part, this may reflect declines in the opportunity cost of holding currency: as inflation and nominal interest rates fall, some switching from transactions-type accounts into cash holdings is to ... The falls in mortgage interest rates announced since
https://www.rba.gov.au/publications/bulletin/1997/aug/1.html
Measuring Profits from Currency Issue
10 Jul 1997
Bulletin
– July 1997
As a share of GDP, seigniorage is considerably below the levels earned in the 1980s when inflation and nominal interest rates were much higher. ... Similarly, the decline in nominal interest rates that has accompanied the fall in inflation has seen the
https://www.rba.gov.au/publications/bulletin/1997/jul/1.html
Statement on Monetary Policy
10 Feb 2006
Bulletin
– February 2006
Interest rates of financial intermediaries remain a little below average, however, reflecting the compression of lending margins relative to the cash rate over recent years. ... Low mortgage rates have been an important factor. The nominal 30-year fixed
https://www.rba.gov.au/publications/bulletin/2006/feb/1.html
The Economy and Financial Markets
10 Aug 1998
Bulletin
– August 1998
Interest rates remain low across the yield curve; credit is freely available and is growing at a solid pace; and the exchange rate is near the low end of historical experience ... forces. This has allowed the US Federal Reserve to sustain lower interest
https://www.rba.gov.au/publications/bulletin/1998/aug/1.html
Sentiment, Uncertainty and Households' Inflation Expectations
15 Sep 2022
Bulletin
– September 2022
High inflation expectations can have significant consequences for the economy as a whole, and can become self-reinforcing.
https://www.rba.gov.au/publications/bulletin/2022/sep/sentiment-uncertainty-and-households-inflation-expectations.html
Developments in Income and Consumption Across Household Groups
25 Jan 2024
Bulletin
– January 2024
Data on spending by income and mortgagor status suggest that growth in consumption has slowed significantly over the past year or so across most household groups as cost-of-living pressures have weighed on household finances.
https://www.rba.gov.au/publications/bulletin/2024/jan/developments-in-income-and-consumption-across-household-groups.html
The Economy and Financial Markets
10 Aug 2000
Bulletin
– August 2000
the recent increases in interest rates, even though the higher debt burden of households might be expected to make them more responsive to interest rate changes. ... Markets see this as no more than a temporary delay. Since the last round of official
https://www.rba.gov.au/publications/bulletin/2000/aug/1.html
Renters, Rent Inflation and Renter Stress
16 Mar 2023
Bulletin
– March 2023
Around one-third of all Australian households rent.
https://www.rba.gov.au/publications/bulletin/2023/mar/renters-rent-inflation-and-renter-stress.html