Search: Nominal interest rate
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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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Productivity Commission Inquiry on First Home Ownership
14 Nov 2003
Submissions
PDF
438KB
This. structural reduction in nominal interest rates has been principally a result of the transition. ... much stronger position to compete than first-time buyers. 2. 5. Mortgage interest rates have been relatively stable at a low rate now for the past.
https://www.rba.gov.au/publications/submissions/housing-and-housing-finance/inquiry-productivity-commission-on-first-home/pdf/inquiry-productivity-commission-on-first-home.pdf
Key Financial Developments Since the Wallis Inquiry | Submission to the Financial System Inquiry – March 2014 | Financial Sector |…
1 Mar 2014
Submissions
Nominal interest rates eventually fell in line with the lower inflation compensation required. ... As nominal interest rates fall, borrowers can service a larger loan with the same repayment.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/financial-developments-since-wallis-inquiry.html
Senate Economics References Committee Inquiry into Competition within the Australian Banking Sector
6 Dec 2010
Submissions
PDF
261KB
Inquiry into Competition within the Australian Banking Sector
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-competition-within-australian-banking-sector-2010/pdf/inquiry-competition-within-australian-banking-sector-2010.pdf
Impact of Taxation | Submission to the Inquiry into Home Ownership June 2015 | Housing and Housing Finance | Submissions
1 Jun 2015
Submissions
With mortgage interest rates also having fallen over this period, some properties might no longer be negatively geared. ... In particular, the switch in 1999 from calculating CGT at the full marginal rate on the real gain to calculating it as half the
https://www.rba.gov.au/publications/submissions/housing-and-housing-finance/inquiry-into-home-ownership/impact-of-taxation.html
Submission to the Inquiry into Affordable Housing–February 2014 | Housing and Housing Finance | Submissions
1 Feb 2014
Submissions
Typically the interest rate used to calculate allowable loan sizes does not fall as much as actual interest rates, or only up to a point. ... Borrowers can service larger loans with the same repayment when average interest rates decline (Graph 16).
https://www.rba.gov.au/publications/submissions/housing-and-housing-finance/inquiry-affordable-housing/
List of tables | Submission to the Productivity Commission Inquiry on First Home Ownership – November 2003 | Housing and Housing Finance |…
1 Nov 2003
Submissions
Table 6: Interest Rates, Household Debt and House Prices. 1983–1987. 1997–2003. ... June quarter 2003. Mortgage interest rates (per cent). – nominal. 13.3.
https://www.rba.gov.au/publications/submissions/housing-and-housing-finance/inquiry-productivity-commission-on-first-home/tables.html
Sectoral Trends in Funding Patterns in the Australian Economy | Submission to the Financial System Inquiry – March 2014 | Financial Sector…
1 Mar 2014
Submissions
generated funds, and the greater attractiveness of debt financing due to the low level of global interest rates. ... As discussed in Chapter 2, this partly reflected the increased capacity of households to borrow as nominal interest rates fell in line
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/sectoral-trends-in-funding-patterns.html
Competition, Efficiency and Innovation in Banking | Submission to the Financial System Inquiry – March 2014 | Financial Sector | Submissions
1 Mar 2014
Submissions
And the banks' funding advantage that arose from access to low-cost deposits was eroded as nominal interest rates declined (Ryan and Thompson 2007). ... Interest rates on credit cards have continued to increase relative to the cash rate in recent years.
https://www.rba.gov.au/publications/submissions/financial-sector/financial-system-inquiry-2014-03/competition-efficiency-and-innovation.html
Competition in the Financial System - September 2017
19 Sep 2017
Submissions
PDF
969KB
Submission to the Productivity Commission Inquiry
https://www.rba.gov.au/publications/submissions/financial-sector/competition-in-the-financial-system/pdf/submission-to-productivity-commission-september-2017.pdf
Submission to the Inquiry into the Post-Global Financial Crisis Banking Sector (May 2012)
1 Jun 2012
Submissions
PDF
1243KB
Senate Economics References Committee
https://www.rba.gov.au/publications/submissions/financial-sector/inquiry-post-gfc-banking-sector-2012/pdf/inquiry-post-gfc-banking-sector-2012.pdf