The official cash rate (OCR) is the term used in Australia and New Zealand for the bank rate and is the rate of interest which the central bank charges on overnight loans between commercial banks.

2024年11月27日 · To keep prices stable, the Government has set us an inflation target between 1% and 3% over the medium term with a focus on the 2% midpoint. Increasing the OCR increases interest rates and helps bring inflation down. Learn about how the OCR has changed over time. What's happening in the economy?

The cash rate is the interest rate on unsecured overnight loans between banks. It is the (near) risk-free benchmark rate (RFR) for the Australian dollar and is also know by the acronym AONIA in financial markets.

6 小时之前 · The rate cut takes the Official Cash Rate (OCR) from 4.25% to 3.75%. While economists viewed a 50 basis point cut as highly likely, they were less certain about how far it will be cut in the ...

2024年11月27日 · The Monetary Policy Committee today agreed to reduce the Official Cash Rate by 50 basis points to 4.25 percent. Annual consumer price inflation has declined and is now close to the midpoint of the Monetary Policy Committee’s 1 to 3 percent target band.

2024年12月11日 · What is the cash rate? The cash rate is the interest rate that banks pay to borrow funds from other banks in the money market overnight. It influences all other interest rates, including mortgage and deposit rates. In technical terms, it is the interest rate on unsecured overnight loans between banks (loans banks use to manage their liquidity).

2022年11月23日 · Explainer - The Reserve Bank is expected to raise the official cash rate (OCR) by its largest margin ever today, and economists say it could rise further still. But what is the OCR? Why is it rising and what does that mean for homeowners? And how can a higher official cash rate help combat inflation? RNZ is here to clear it all up. What is the OCR?

Official Cash Rate. On 27 November 2024, the Monetary Policy Committee agreed to reduce the OCR to 4.25%.

1 天前 · At its meeting today, the Board decided to lower the cash rate target to 4.10 per cent and the interest rate paid on Exchange Settlement balances to 4 per cent. Underlying inflation is moderating. Inflation has fallen substantially since the peak in 2022, as higher interest rates have been working to bring aggregate demand and supply closer ...

2024年11月26日 · The Monetary Policy Committee today agreed to reduce the Official Cash Rate by 50 basis points to 4.25 percent. Annual consumer price inflation has declined and is now close to the midpoint of the Monetary Policy Committee’s 1 to 3 percent target band.