About Reserve Bank of New Zealand Official Cash Rate A target interest rate set by the central bank in its efforts to influence short-term interest rates as part of its monetary policy strategy. Official Cash Rate decisions and current rate What the OCR does The OCR influences the price of borrowing money in New Zealand and provides the Reserve Bank with a means of influencing the level of economic activity and inflation.

New projections for the overnight cash rate continue to signal some chance of a cut next year, according to the central bank’s policy statement. The projections show the average OCR dropping to Monetary policy About monetary policy What is the Official Cash Rate? What is the Official Cash Rate? 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. Reserve Bank of New Zealand holds overnight cash rate at 1.75%, says stance neutral. The Reserve Bank of New Zealand on Thursday held its overnight cash rate at a record low 1.75 percent as expected and said the stance for monetary policy is neutral though it would adjust policy if new conditions warrant. Reserve Bank of New Zealand Wholesale Interest Rates. Published in Alternative Indices. Overnight interbank cash rate – The weighted average interest rate of secured and unsecured overnight cash transactions that the markets (price makers) quote each other for the purposes of lending and borrowing short-term Interbank Rate in New Zealand increased to 1.53 percent in September from 1.25 percent in August of 2019. Interbank Rate in New Zealand averaged 6.86 percent from 1986 until 2019, reaching an all time high of 24.25 percent in April of 1987 and a record low of 1.25 percent in August of 2019. The one-month overnight cash rate slipped to 0.795% after the survey, from 0.839% on Monday to now imply a 77% chance of a 25 basis point cut in November. The kiwi has been trading in a tight band the uncollateralised overnight call rate, and in Australia, it is the interbank overnight cash rate. The central banks of all three nations use open market operations to try to match these overnight rates with their policy target rates. In the euro area and in the United Kingdom, the reference rate is again a volume-weighted average

The cash rate is the interest rate on unsecured overnight loans between banks. Monetary policy decisions are expressed in terms of a target for the cash rate.

Reserve Bank of New Zealand holds overnight cash rate at 1.75%, says stance neutral. The Reserve Bank of New Zealand on Thursday held its overnight cash rate at a record low 1.75 percent as expected and said the stance for monetary policy is neutral though it would adjust policy if new conditions warrant. Reserve Bank of New Zealand Wholesale Interest Rates. Published in Alternative Indices. Overnight interbank cash rate – The weighted average interest rate of secured and unsecured overnight cash transactions that the markets (price makers) quote each other for the purposes of lending and borrowing short-term Interbank Rate in New Zealand increased to 1.53 percent in September from 1.25 percent in August of 2019. Interbank Rate in New Zealand averaged 6.86 percent from 1986 until 2019, reaching an all time high of 24.25 percent in April of 1987 and a record low of 1.25 percent in August of 2019. The one-month overnight cash rate slipped to 0.795% after the survey, from 0.839% on Monday to now imply a 77% chance of a 25 basis point cut in November. The kiwi has been trading in a tight band the uncollateralised overnight call rate, and in Australia, it is the interbank overnight cash rate. The central banks of all three nations use open market operations to try to match these overnight rates with their policy target rates. In the euro area and in the United Kingdom, the reference rate is again a volume-weighted average

2 Aug 2019 The RBNZ is widely expected to cut its overnight cash rate by 0.25% to a new record low of 1.25% on Wednesday amid a worsening of the 

New Zealand markets - Made up of financial institutions that will trade, both New Zealand cash, and financial instruments. They will quote both bid and offer rates. Official Cash Rate (OCR) - The Official Cash Rate (OCR) is an interest rate set by the Reserve Bank to implement monetary policy, so as to maintain price stability. New projections for the overnight cash rate continue to signal some chance of a cut next year, according to the central bank’s policy statement. The projections show the average OCR dropping to Monetary policy About monetary policy What is the Official Cash Rate? What is the Official Cash Rate? 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. Reserve Bank of New Zealand holds overnight cash rate at 1.75%, says stance neutral. The Reserve Bank of New Zealand on Thursday held its overnight cash rate at a record low 1.75 percent as expected and said the stance for monetary policy is neutral though it would adjust policy if new conditions warrant. Reserve Bank of New Zealand Wholesale Interest Rates. Published in Alternative Indices. Overnight interbank cash rate – The weighted average interest rate of secured and unsecured overnight cash transactions that the markets (price makers) quote each other for the purposes of lending and borrowing short-term Interbank Rate in New Zealand increased to 1.53 percent in September from 1.25 percent in August of 2019. Interbank Rate in New Zealand averaged 6.86 percent from 1986 until 2019, reaching an all time high of 24.25 percent in April of 1987 and a record low of 1.25 percent in August of 2019.

8 Mar 2018 Because banks' overnight settlement balances bore an opportunity cost under However, the steps it took to cash-up the New Zealand banking Like floor systems elsewhere, New Zealand's involved a deposit rate equal to 

A guide to how the Reserve Bank of New Zealand releases information including Monetary Policy Statements, Financial Stability Reports and associated media  For the banks that are short of cash, the Bank offers to lend to them overnight at an interest rate 0.50 per cent higher than the OCR. This is called the Overnight  Overnight interbank cash rate – The weighted average interest rate of secured and unsecured overnight cash transactions that the markets (price makers) quote  

The Reserve Bank of New Zealand manages monetary policy to maintain price stability, promotes the maintenance of a sound and efficient financial system, and supplies New Zealand banknotes and coins.

New Zealand's Interbank Cash Rate: Overnight data was reported at 0.890 % pa in Feb 2020. This records a decrease from the previous number of 0.960 % pa 

17 Jul 2019 lag between the announcement of the new rate and the day it becomes effective. from 7 Apr 1976 to 22 Jan 1990: interbank overnight cash rate. bank funding rate. New Zealand. NZ. Compilation. From 17 Mar 1999