Matches in DBpedia 2014 for { ?s ?p 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 to commercial banks. This allows the Reserve Bank of Australia and the Reserve Bank of New Zealand to adjust the interest rates in each of the nation's economies. The OCR cannot be changed by transactions between financial institutions as this does not change the supply of money, only its location.. }
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- Official_cash_rate comment "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 to commercial banks. This allows the Reserve Bank of Australia and the Reserve Bank of New Zealand to adjust the interest rates in each of the nation's economies. The OCR cannot be changed by transactions between financial institutions as this does not change the supply of money, only its location.".