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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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2 August 2016 | Minutes of the Monetary Policy Meeting of the Board

16 Aug 2016 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board on 2 August 2016
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2016/2016-08-02.html

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

5 Jul 2011 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 5 July 2011
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2011/05072011.html

3 October 2017 | Minutes of the Monetary Policy Meeting of the Board

17 Oct 2017 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 3 October 2017
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2017/2017-10-03.html

4 February 2020 | Minutes of the Monetary Policy Meeting of the Board

18 Feb 2020 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 4 February 2020
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2020/2020-02-04.html

6 March 2018 | Minutes of the Monetary Policy Meeting of the Board

20 Mar 2018 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 6 March 2018
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2018/2018-03-06.html

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

15 Dec 2015 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 1 December 2015
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2015/2015-12-01.html

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

15 Mar 2016 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 1 March 2016
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2016/2016-03-01.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

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

2 June 2009 | Minutes of the Monetary Policy Meeting of the Board

16 Jun 2009 Minutes
Minutes of the monetary policy meeting of the Reserve Bank Board for 2 June 2009
https://www.rba.gov.au/monetary-policy/rba-board-minutes/2009/02062009.html