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.
Search Results
Domestic Financial Conditions
9 Aug 2019
SMP
– August 2019
Banks have passed through most of the reductions in the cash rate to housing interest rates and to retail deposit rates. ... This is consistent with lower interest rate swap rates, which are often used as a pricing benchmark.
https://www.rba.gov.au/publications/smp/2019/aug/domestic-financial-conditions.html
Domestic Financial Markets and Conditions
10 Aug 2006
SMP
– August 2006
Regarding business loans, intermediaries also increased their indicator rates on variable-rate business loans by 25 basis points after the May tightening. ... for housing, particularly at fixed interest rates.
https://www.rba.gov.au/publications/smp/2006/aug/dom-fin-mkts.html
Domestic Financial Conditions
6 May 2021
SMP
– May 2021
By lowering the structure of interest rates across the economy, the Reserve Bank's policy measures announced in 2020 have contributed to a lower exchange rate than otherwise. ... Interest rates on new fixed-rate loans have declined by around 90 basis
https://www.rba.gov.au/publications/smp/2021/may/domestic-financial-conditions.html
Inflation
5 May 2023
SMP
– May 2023
Inflation | Statement on Monetary Policy – May 2023
https://www.rba.gov.au/publications/smp/2023/may/inflation.html
Domestic Economic Conditions
4 Aug 2023
SMP
– August 2023
Domestic Economic Conditions | Statement on Monetary Policy – August 2023
https://www.rba.gov.au/publications/smp/2023/aug/domestic-economic-conditions.html
Domestic Financial Conditions
10 May 2019
SMP
– May 2019
Table 3.1: Intermediaries' Housing Lending Rates. March 2019. Interest rate. Change since August 2018. ... Table 3.3: Intermediaries' Business Lending Rates. March 2019. Interest rate. Change since March 2018.
https://www.rba.gov.au/publications/smp/2019/may/domestic-financial-conditions.html
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
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
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
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