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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Economic Outlook
6 Dec 2023
SMP
- August 2023
PDF
639KB
https://www.rba.gov.au/publications/smp/2023/aug/pdf/05-economic-outlook.pdf
The International Environment
4 Aug 2023
SMP
– August 2023
The International Environment | Statement on Monetary Policy – August 2023
https://www.rba.gov.au/publications/smp/2023/aug/the-international-environment.html
Inflation
20 Nov 2023
SMP
- November 2023
PDF
2189KB
https://www.rba.gov.au/publications/smp/2023/nov/pdf/04-inflation.pdf
The International Environment
10 Nov 2023
SMP
– November 2023
The International Environment | Statement on Monetary Policy – November 2023
https://www.rba.gov.au/publications/smp/2023/nov/the-international-environment.html
Domestic Economic Conditions
6 Dec 2023
SMP
- August 2023
PDF
1458KB
https://www.rba.gov.au/publications/smp/2023/aug/pdf/02-domestic-economic-conditions.pdf
Inflation
4 Aug 2023
SMP
– August 2023
Inflation | Statement on Monetary Policy – August 2023
https://www.rba.gov.au/publications/smp/2023/aug/inflation.html
Domestic Economic Conditions
20 Nov 2023
SMP
- November 2023
PDF
1238KB
https://www.rba.gov.au/publications/smp/2023/nov/pdf/02-domestic-economic-conditions.pdf
Overview
4 Aug 2023
SMP
– August 2023
Overview | Statement on Monetary Policy – August 2023
https://www.rba.gov.au/publications/smp/2023/aug/overview.html
Domestic Financial Conditions
6 May 2021
SMP
– May 2021
By lowering the structure of interest rates across the economy, the Reserve Bank's policy measures announced in 2020 have contributed to a lower exchange rate than otherwise. ... Interest rates on new fixed-rate loans have declined by around 90 basis
https://www.rba.gov.au/publications/smp/2021/may/domestic-financial-conditions.html
Domestic Financial Conditions
9 Aug 2019
SMP
– August 2019
Banks have passed through most of the reductions in the cash rate to housing interest rates and to retail deposit rates. ... This is consistent with lower interest rate swap rates, which are often used as a pricing benchmark.
https://www.rba.gov.au/publications/smp/2019/aug/domestic-financial-conditions.html