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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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6 June 2017 | Minutes of the Monetary Policy Meeting of the Board

20 Jun 2017 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 6 June 2017
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2017/2017-06-06.html

5 April 2011 | Minutes of the Monetary Policy Meeting of the Board

19 Apr 2011 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5 April 2011
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2011/05042011.html

5 April 2016 | Minutes of the Monetary Policy Meeting of the Board

19 Apr 2016 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5 April 2016
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2016/2016-04-05.html

6 October 2015 | Minutes of Monetary Policy Meeting of the Board

20 Oct 2015 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 6 October 2015
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2015/2015-10-06.html

3 June 2014 | Minutes of the Monetary Policy Meeting of the Board

17 Jun 2014 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 3 June 2014
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2014/03062014.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

7 November 2006 | Minutes of the Monetary Policy Meeting of the Board

5 Dec 2007 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 7 November 2006
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2006/07112006.html

1 September 2015 | Minutes of Monetary Policy Meeting of the Board

15 Sep 2015 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 1 September 2015
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2015/2015-09-01.html

4 August 2015 | Minutes of the Monetary Policy Meeting of the Board

18 Aug 2015 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 4 August 2015
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2015/2015-08-04.html

1 November 2016 | Minutes of the Monetary Policy Meeting of the Board

15 Nov 2016 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board on 1 November 2016
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2016/2016-11-01.html