LazyKiwi

Category: Economy

  • OCR cut to 4.75%

    —

    by

    DBB
    in

    The reserve bank has cut the official cash rate by 50 basis points to 4.75%. The official cash rate is set by the reserve bank monetary review. This sets the cost that banks incur to borrow money from the reserve bank. These were previously called OCR (Official Cash Rate) announcements. This was changed to Monetary…