Search: basis point
RBA Glossary definition for basis point
basis point – A basis point is 1/100th of 1 per cent or 0.01 per cent, so 100 basis points (bps) is equal to 1 percentage point. The term is used in money and securities markets to define differences in interest or yield. If an interest rate were to increase from 2 per cent to 3 per cent, it is said to have risen by 100 basis points (bps) or one percentage point.
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Statement by Philip Lowe, Governor: Monetary Policy Decision
6 Apr 2021
Media Releases
At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding
https://www.rba.gov.au/media-releases/2021/mr-21-04.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
7 Jul 2020
Media Releases
At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points.
https://www.rba.gov.au/media-releases/2020/mr-20-17.html
Statement by Glenn Stevens, Governor: Monetary Policy
3 Feb 2009
Media Releases
Announcement of reduction in the cash rate by 100 basis points to 3.25 per cent
https://www.rba.gov.au/media-releases/2009/mr-09-01.html
List of tables
10 Nov 2007
SMP
– November 2007
As at 31 October 2007. Per cent of. outstanding loans. Change Basis points. ... a). As at 31 October 2007. Share Per cent. Change Basis points.
https://www.rba.gov.au/publications/smp/2007/nov/tables.html
Review of the Yield Target
22 Mar 2023
In March 2020, the Reserve Bank Board introduced a target for the yield on the three-year Australian Government bond which was discontinued in November 2021. This review examines the experience with the yield target and draws lessons from this
https://www.rba.gov.au/monetary-policy/reviews/yield-target/index.html
The Yield and Market Function Effects of the Reserve Bank of Australia's Bond Purchases
24 May 2022
RDP
2022-02
In sum, the yield on the 10-year AGS declined by around 30 basis points. ... AGS yields declined across the curve in response to the identified events, with the cumulative change largest at the 10-year point at around 30 basis points (Figure 5).
https://www.rba.gov.au/publications/rdp/2022/2022-02/full.html
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Statement By Philip Lowe, Governor: Monetary Policy Decision
2 Jul 2019
Media Releases
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 1.00 per cent.
https://www.rba.gov.au/media-releases/2019/mr-19-18.html
Statement by Glenn Stevens, Governor: Monetary Policy
2 Dec 2008
Media Releases
Announcement of reduction in the cash rate by 100 basis points to 4.25 per cent
https://www.rba.gov.au/media-releases/2008/mr-08-27.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
4 Jun 2019
Media Releases
Announcement that the Board decided to lower the cash rate by 25 basis points to 1.25 per cent.
https://www.rba.gov.au/media-releases/2019/mr-19-15.html
Statement by Glenn Stevens, Governor: Monetary Policy
8 Nov 2006
Media Releases
Announcement of increase in the cash rate by 25 basis points to 6.25 per cent
https://www.rba.gov.au/media-releases/2006/mr-06-11.html