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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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Semi-Annual Statement on Monetary Policy

31 Jul 2003 SMP PDF 25KB
made by deducting an expectationof future, rather than past, inflation from therelevant nominal interest rate. ... Proxies for real interest rates can be moreuseful over long periods, particularly wherethere are pronounced differences in theprevailing
https://www.rba.gov.au/publications/smp/1997/may/pdf/box-4.pdf

Overview

6 Dec 2023 SMP - August 2023 PDF 81KB
https://www.rba.gov.au/publications/smp/2023/aug/pdf/overview.pdf

Overview

6 Feb 2024 SMP - February 2024 PDF 149KB
https://www.rba.gov.au/publications/smp/2024/feb/pdf/overview.pdf

Outlook

6 Feb 2024 SMP - February 2024 PDF 620KB
https://www.rba.gov.au/publications/smp/2024/feb/pdf/03-outlook.pdf

Economic Outlook

6 Dec 2023 SMP - August 2023 PDF 639KB
https://www.rba.gov.au/publications/smp/2023/aug/pdf/05-economic-outlook.pdf

Economic Conditions

6 Feb 2024 SMP - February 2024 PDF 1611KB
https://www.rba.gov.au/publications/smp/2024/feb/pdf/02-economic-conditions.pdf

Economic Outlook

20 Nov 2023 SMP - November 2023 PDF 666KB
https://www.rba.gov.au/publications/smp/2023/nov/pdf/05-economic-outlook.pdf

Inflation

6 Dec 2023 SMP - August 2023 PDF 2166KB
https://www.rba.gov.au/publications/smp/2023/aug/pdf/04-inflation.pdf

Inflation

20 Nov 2023 SMP - November 2023 PDF 2189KB
https://www.rba.gov.au/publications/smp/2023/nov/pdf/04-inflation.pdf

Financial Conditions

6 Feb 2024 SMP - February 2024 PDF 1605KB
https://www.rba.gov.au/publications/smp/2024/feb/pdf/01-financial-conditions.pdf