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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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Statement on Monetary Policy

30 Jul 2003 SMP PDF 47KB
This takes account ofthe fact that part of the nominal interest thatborrowers agree to pay to lenders representscompensation for anticipated inflation. ... Another important issue is thatmeasures of real interest rates should ideallybe constructed from
https://www.rba.gov.au/publications/smp/2001/feb/pdf/box-b.pdf

Statement on Monetary Policy

5 May 2023 SMP - May 2023 PDF 9302KB
https://www.rba.gov.au/publications/smp/2023/may/pdf/statement-on-monetary-policy-2023-05.pdf

Economic Outlook

3 Nov 2022 SMP - November 2022 PDF 632KB
https://www.rba.gov.au/publications/smp/2022/nov/pdf/05-economic-outlook.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

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

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

Domestic Economic Conditions

3 Nov 2022 SMP - November 2022 PDF 1375KB
https://www.rba.gov.au/publications/smp/2022/nov/pdf/02-domestic-economic-conditions.pdf

Statement on Monetary Policy

3 Nov 2022 SMP - November 2022 PDF 7804KB
https://www.rba.gov.au/publications/smp/2022/nov/pdf/statement-on-monetary-policy-2022-11.pdf

Economic Outlook

4 Aug 2022 SMP - August 2022 PDF 729KB
https://www.rba.gov.au/publications/smp/2022/aug/pdf/05-economic-outlook.pdf