Buying guide
What is the Official Cash Rate (OCR)?
These three little letters are kind of a big deal
AI summary
The Official Cash Rate (OCR) is the Reserve Bank's primary tool for managing inflation in New Zealand. It's the interest rate at which banks borrow, directly influencing mortgage, savings, and lending rates for consumers and businesses.
A higher OCR aims to curb spending and lower inflation but can risk a recession. A lower OCR stimulates the economy but can inflate asset prices. To manage risk, homeowners can use interest rate averaging by splitting their mortgage into multiple fixed-term portions.
What is the OCR?
First, what exactly is the Reserve Bank?
What is the OCR?
Jeanette Thomas explains the OCR
The OCR is a tool for controlling inflation
The OCR influences the supply of money in the economy.
The problem with the OCR
All debt is affected by the OCR.
How mortgage holders can protect themselves against OCR increases
Author
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