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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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3 November 2020 | Minutes of the Monetary Policy Meeting of the Board

17 Nov 2020 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 3 November 2020
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2020/2020-11-03.html

1 April 2014 | Minutes of the Monetary Policy Meeting of the Board

15 Apr 2014 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 1 April 2014
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2014/01042014.html

7 February 2017 | Minutes of the Monetary Policy Meeting of the Board

21 Feb 2017 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 7 February 2017
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2017/2017-02-07.html

5 September 2017 | Minutes of the Monetary Policy Meeting of the Board

19 Sep 2017 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5 September 2017
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2017/2017-09-05.html

7 June 2016 | Minutes of the Monetary Policy Meeting of the Board

21 Jun 2016 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board on 7 June 2016
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2016/2016-06-07.html

5 February 2019 | Minutes of the Monetary Policy Meeting of the Board

19 Feb 2019 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5 February 2019
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2019/2019-02-05.html

3 November 2015 | Minutes of Monetary Policy Meeting of the Board

17 Nov 2015 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 3 November 2015
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2015/2015-11-03.html

2 October 2018 | Minutes of the Monetary Policy Meeting of the Board

16 Oct 2018 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 2 October 2018
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2018/2018-10-02.html

3 March 2015 | Minutes of the Monetary Policy Meeting of the Board

17 Mar 2015 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 3 March 2015
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2015/2015-03-03.html

3 June 2008 | Minutes of the Monetary Policy Meeting of the Board

17 Jun 2008 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 3 June 2008
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2008/03062008.html