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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

5 May 2023 SMP – May 2023
Economic Outlook | Statement on Monetary Policy – May 2023
https://www.rba.gov.au/publications/smp/2023/may/economic-outlook.html

Statement on Monetary Policy

10 May 2003 Bulletin – May 2003
The only industrial country increasing interest rates is Canada. The Bank of Canada raised its policy interest rate by a further 50 basis points to 3.25 per cent in two ... Interest rates have been broadly stable at low levels in Asian emerging markets.
https://www.rba.gov.au/publications/bulletin/2003/may/1.html

Statement by the Governor, Mr Ian Macfarlane: Reduction in Interest Rates

30 Jul 1997 Media Releases
Announcement of reduction in the cash rate by 50 basis points, to 5.0 per cent
https://www.rba.gov.au/media-releases/1997/mr-97-15.html

Investing in a Low Interest Rate World

21 Oct 2014 Speech
Philip Lowe
Address to the Commonwealth Bank of Australia's 7th Annual Australasian Fixed Income Conference, Sydney
https://www.rba.gov.au/speeches/2014/sp-dg-211014.html

Box D: Enhancing the Transparency of Interest Rates

6 Feb 2020 SMP – February 2020
Statement on Monetary Policy – February 2020 Box D. Enhancing the Transparency of Interest Rates. ... Mortgage rates vary across interest-only and principal-and-interest repayments, variable- and fixed-rate loans, loan sizes and loan-to-valuation
https://www.rba.gov.au/publications/smp/2020/feb/box-d-enhancing-the-transparency-of-interest-rates.html

Risk Management

27 Oct 2022 RBA Annual Report – October 2022
The value of the Reserve Banks financial assets is also exposed to movements in market interest rates. ... The Reserve Bank is also exposed to interest rate risk owing to a maturity mismatch between assets and liabilities.
https://www.rba.gov.au/publications/annual-reports/rba/2022/risk-management.html

The Consequences of Low Interest Rates for the Australian Banking Sector

21 Dec 2022 RDP 2022-08
Anthony Brassil
In jurisdictions with a negative policy rate, retail deposit interest rates remained close to zero (albeit negative). ... rate. So cash rate reductions remain an effective policy tool during large downturns and at low interest rates.
https://www.rba.gov.au/publications/rdp/2022/2022-08/full.html

Statement by the Governor, Mr Bernie Fraser: Further Interest Rate Reductions

16 May 1991 Media Releases
Announcement of reduction in the cash rate by 1 percentage point to around 10.50 per cent
https://www.rba.gov.au/media-releases/1991/mr-91-08.html

Evaluating Simple Monetary-policy Rules for Australia | Conference – 1997

21 Jul 1997 Conferences
Gordon de Brouwer and James O'Regan
The appreciation of the nominal exchange rate induced by higher local interest rates also directly lowers inflation by reducing the Australian dollar price of imports. ... This is not the case with the Taylor rule, indicating that the level of the
https://www.rba.gov.au/publications/confs/1997/de-brouwer-oregan.html

Semi-Annual Statement on Monetary Policy

10 Nov 1998 Bulletin – November 1998
The move aimed to profit either from a fall in the exchange rate or, more likely, a weakening in the share market as interest rates rose in response to exchange rate ... A similar pattern of short-term interest rates was evident in late August and early
https://www.rba.gov.au/publications/bulletin/1998/nov/1.html