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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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Bulletin

18 Apr 2024 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/

April | 2024

18 Apr 2024 Bulletin
Insights into the economy and financial system from teams throughout the Reserve Bank of Australia
https://www.rba.gov.au/publications/bulletin/2024/apr/

Cash Rate Pass-through to Outstanding Mortgage Rates

18 Apr 2024 Bulletin – April 2024
Benjamin Ung
The interest rate paid by outstanding mortgage borrowers increased by around 320 basis points between May 2022 and December 2023, around 105 basis points less than the cumulative increase in the cash rate over this period.
https://www.rba.gov.au/publications/bulletin/2024/apr/cash-rate-pass-through-to-outstanding-mortgage-rates.html

Bank Funding and the Recent Tightening of Monetary Policy

18 Apr 2024 Bulletin – April 2024
Venura De Zoysa, Jessica Dunphy and Christopher Schwartz
Banks’ funding costs have risen substantially since early 2022, driven by increases in the cash rate.
https://www.rba.gov.au/publications/bulletin/2024/apr/bank-funding-and-the-recent-tightening-of-monetary-policy.html

China's Monetary Policy Framework and Financial Market Transmission

18 Apr 2024 Bulletin – April 2024
William Maher
While it has evolved significantly over the years, China’s monetary policy framework continues to differ in some important respects to those in most advanced economies.
https://www.rba.gov.au/publications/bulletin/2024/apr/chinas-monetary-policy-framework-and-financial-market-transmission.html

The Effect of Least-cost Routing on Merchant Payment Costs

18 Apr 2024 Bulletin – April 2024
Boston Dobie and Benjamin Watson
The RBA supports all merchants being able to choose the card network used to process debit transactions – a functionality known as least-cost routing (LCR) – with the aim of increasing competition and reducing the cost of accepting card payments.
https://www.rba.gov.au/publications/bulletin/2024/apr/the-effect-of-least-cost-routing-on-merchant-payment-costs.html

Assessing Physical Climate Risk in Repo-eligible Residential Mortgage-backed Securities

18 Apr 2024 Bulletin – April 2024
Ronan McCarthy and Geordie Reid
This article assesses physical climate risk in Australian residential mortgage-backed securities (RMBS) using two risk metrics.
https://www.rba.gov.au/publications/bulletin/2024/apr/assessing-physical-climate-risk-in-repo-eligible-residential-mortgage-backed-securities.html

Migration to Public Cloud: Risks and Regulatory Requirements for Clearing and Settlement Facilities

18 Apr 2024 Bulletin – April 2024
Oscar Douglas, Elizabeth Kandelas and Ed Orum
Public cloud technologies are increasingly being adopted by firms in the financial industry, including clearing and settlement facilities (CS facilities).
https://www.rba.gov.au/publications/bulletin/2024/apr/migration-to-public-cloud-risks-and-regulatory-requirements-for-clearing-and-settlement-facilities.html

Cash Rate Pass-through to Outstanding Mortgage Rates

17 Apr 2024 Bulletin - April 2024 PDF 736KB
https://www.rba.gov.au/publications/bulletin/2024/apr/pdf/cash-rate-pass-through-to-outstanding-mortgage-rates.pdf

Bulletin

17 Apr 2024 Bulletin - April 2024 PDF 7253KB
https://www.rba.gov.au/publications/bulletin/2024/apr/pdf/bulletin-2024-04.pdf