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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Recent Developments in the Cash Market
15 Jun 2023
Bulletin
– June 2023
Following the implementation of unconventional monetary policy measures during the COVID-19 pandemic, liquidity in the banking system rose significantly.
https://www.rba.gov.au/publications/bulletin/2023/jun/recent-developments-in-the-cash-market.html
Statement on Monetary Policy
10 May 2005
Bulletin
– May 2005
Statement on Monetary Policy-May 2005
https://www.rba.gov.au/publications/bulletin/2005/may/1.html
Statement on Monetary Policy
10 Nov 2000
Bulletin
– November 2000
Graph 8. Table 4: Policy Interest Rate Increases. Basis points. 6 months to Nov 1999. ... The 50-point increase in June, followed by 25 basis points in both September and October has narrowed the spread with the US to 175 basis points.
https://www.rba.gov.au/publications/bulletin/2000/nov/1.html
Recent Developments in Interest Rates on Bank Lending
10 Apr 1999
Bulletin
– April 1999
In June 1996, banks cut standard variable rates by around 75 basis points, independently of any move in monetary policy. ... A similar ‘competitive’ cut was made in February 1997, when banks reduced their standard rates by 70 basis points.
https://www.rba.gov.au/publications/bulletin/1999/apr/1.html
Semi-Annual Statement on Monetary Policy
10 Nov 1997
Bulletin
– November 1997
Graph A1. The spread between Australian 10-year bond yields and corresponding US yields has fallen to an average of about 10 basis points in recent months. ... the spread of 10-year bonds in Australia to US treasuries averaged about 4.5 percentage points
https://www.rba.gov.au/publications/bulletin/1997/nov/2.html
Banks' Funding Costs and Lending Rates
10 Mar 2012
Bulletin
– March 2012
basis points, relative to the cash rate, by the end of 2012 as maturing bonds and hedges are rolled over. ... Furthermore, in early 2012, most banks increased their standard variable rates by an average of about 10 basis points.
https://www.rba.gov.au/publications/bulletin/2012/mar/5.html
Bank Funding and the Recent Tightening of Monetary Policy
18 Apr 2024
Bulletin
– April 2024
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
Statement on Monetary Policy
10 May 2004
Bulletin
– May 2004
Graph 14. Table 4: Policy Interest Rate Changes. Cumulative. reductions. in down cycle Basis points. ... In the case of the US, yields rose by 90 basis points from their March low point, to reach 4.6 per cent – at the upper end of their range over
https://www.rba.gov.au/publications/bulletin/2004/may/1.html
The Reserve Bank's Collateral Framework
7 Dec 2017
Bulletin
– December 2017
The Reserve Bank, like other central banks, holds collateral to reduce the risk of financial loss in its domestic market operations. The Reserve Bank's collateral framework sets out how the diverse portfolio of collateral assets is managed and
https://www.rba.gov.au/publications/bulletin/2017/dec/2.html
Statement on Monetary Policy
10 Nov 2004
Bulletin
– November 2004
https://www.rba.gov.au/publications/bulletin/2004/nov/1.html