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 interest rate the Reserve Bank of New Zealand (RBNZ) charges retail banks. It's the RBNZ's main tool for controlling inflation by influencing borrowing and saving rates for consumers.
A higher OCR increases borrowing costs to slow spending and curb inflation, while a lower OCR stimulates the economy. To manage the impact on their home loan, 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
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