The Official Cash Rate (OCR) is the interest rate set by the Reserve Bank to meet the dual mandate specified in the Remit to the Monetary Policy Committee. Official Cash Rate (OCR) decisions and current rate. The Reserve Bank uses monetary policy to maintain price stability as defined in the Remit. The current The official cash rate now sits at an historic low of 0.25%. In a statement issued today, RBA Governor Philip Lowe said the move will help the economy regain its 6 days ago The Reserve Bank has cut its benchmark interest rate by three quarters of a percentage point, to support the economy against the impact of the The official cash rate is now 0.25% after an emergency meeting of the Reserve Bank. Read more… Richard Whitten. by Richard Whitten. 19 Mar 2020 The Reserve Bank of Australia slashed the cash rate by 25bps to a new record low of 0.25% in an emergency move as it responds to the global virus outbreak. 23 hours ago The Reserve Bank is tipped to make an emergency interest rate cut to a new low of 0.25 per cent today as it unleashes a quantitative easing
The Reserve Bank’s email Service is a free service that allows you to get the latest information from the Reserve Bank. Subscribers will be emailed Monetary Policy Statement news releases, OCR announcements and other public statements as they are posted on the website. Reserve Bank holds official cash rate at 0.75 per cent. Australia’s official interest rate remains at the historic low of 0.75 per cent – but experts claim it’s only a matter of time before Interest Rate Decisions – 2019. The Reserve Bank sets the target ‘cash rate’, which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations. Interest Rate Decisions – 2020. The Reserve Bank sets the target ‘cash rate’, which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations.
Interest Rate Decisions – 2019. The Reserve Bank sets the target ‘cash rate’, which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations. Interest Rate Decisions – 2020. The Reserve Bank sets the target ‘cash rate’, which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations.
Interest Rate Decisions – 2019. The Reserve Bank sets the target ‘cash rate’, which is the market interest rate on overnight funds. It uses this as the instrument for monetary policy, and influences the cash rate through its financial market operations. Unfortunately for the net interest margins of Commonwealth Bank of Australia and the rest of the big four, the Reserve Bank is widely expected to cut the cash rate to a record low of 0.25%. Reserve Bank governor Adrian Orr says coronavirus developments over the past few days prompted the Reserve Bank to cut the official cash rate to 0.25 per cent in an unscheduled announcement.
The Official Cash Rate (OCR) is the interest rate set by the Reserve Bank to meet the dual mandate specified in the Remit to the Monetary Policy Committee.