Official cash rate
id:
official-cash-rate-309-14154697
title:
Official cash rate
text:
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. This allows the Reserve Bank of Australia and the Reserve Bank of New Zealand to adjust the interest rates that apply in each country's economy. The OCR cannot be changed by transactions between financial institutions as this does not change the supply of money, only its location. Only transfers betwee
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wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Official_cash_rate
date created:
date modified:
2023-12-22T02:58:40Z
main entity:
{"identifier":"Q7079583","url":"https://www.wikidata.org/entity/Q7079583"}
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fields total:
13
integrity:
13