3 ms·Earlier in the year, you could get a 12 month CD in Australia for almost 6%.by Estragon 14y agoEarlier in the year, you could get a 12 month CD in Australia for almost 6%.refurb 14y agoThe inflation rate in Australia was pushing 4% last year. That's a nominal return of 2.X%.repsilat 14y agoIt's a real return of ~2%, it's a nominal return of 6%. "Nominal" in this case means "in name only" - it's the face-value of the return, not the actual value.