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
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