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
Data are not necessarily observed but calculated from reference points.
For a financial asset or product, an ‘indicative’ price may
not necessarily correspond to the price at which dealers in that market
would execute transactions; for an example see Notes for Table F11.
Metadata is the information that defines and describes data.
An original time series shows the actual movements in the data over time,
not seasonally adjusted.
Date when the data series was last updated.
A seasonally adjusted series involves estimating and removing seasonal patterns
from the original data. This series is usually provided by the Australian
Bureau of Statistics.
A trend series is a seasonally adjusted series that has been further adjusted
to remove irregular effects and ‘smooth’ out the series to
show the overall ‘trend’ of the data over time. This series
is usually provided by the Australian Bureau of Statistics.