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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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Statement by Philip Lowe, Governor: Monetary Policy Decision
1 Jun 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; the parameters of the government bond purchase
https://www.rba.gov.au/media-releases/2021/mr-21-09.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
4 Aug 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-20-18.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
5 Apr 2022
Media Releases
At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent.
https://www.rba.gov.au/media-releases/2022/mr-22-11.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
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 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
Statement by Glenn Stevens, Governor: Monetary Policy
4 Nov 2008
Media Releases
Announcement to lower the cash rate by 75 basis points to 5.25 per cent
https://www.rba.gov.au/media-releases/2008/mr-08-25.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
Statement by Philip Lowe, Governor: Monetary Policy Decision
2 Mar 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-21-03.html
Statement by Philip Lowe, Governor: Monetary Policy Decision
1 Oct 2019
Media Releases
At its meeting today, the Board decided to lower the cash rate by 25 basis points to 0.75 per cent.
https://www.rba.gov.au/media-releases/2019/mr-19-27.html