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  2. Official cash rate - Wikipedia

    en.wikipedia.org/wiki/Official_Cash_Rate

    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 between commercial banks. This allows the Reserve Bank of Australia and the Reserve Bank of New Zealand to adjust the interest rates that apply in each country's economy. The ...

  3. Reserve Bank of Australia - Wikipedia

    en.wikipedia.org/wiki/Reserve_Bank_of_Australia

    The Reserve Bank is currently governed by the Reserve Bank Act 1959. [4] Section 10(2), commonly referred to as the Bank's charter, states that Bank's duty is "to ensure that the monetary and banking policy of the Bank is directed to the greatest advantage of the people of Australia" to be achieved by exercising its powers "to contribute to:

  4. List of sovereign states by central bank interest rates

    en.wikipedia.org/wiki/List_of_sovereign_states...

    This is a list of countries by annualized interest rate set by the central bank for charging commercial, ... Australia: 4.35 0.25: 8 November 2023 [9] 1.78 2.57

  5. European stocks dip, ignoring China rally, Aussie falls after RBA

    www.aol.com/china-stocks-jump-politburo-policy...

    The main scheduled events of the week are still to come, however, with U.S. inflation data due on Wednesday, and a meeting by the European Central Bank on Thursday. With an ECB rate cut all but ...

  6. Big year of central bank easing wraps up with dovish ... - AOL

    www.aol.com/news/big-central-bank-easing-wraps...

    The Reserve Bank of Australia held rates steady at a 12-year high of 4.35% last week but softened its tone on inflation, raising the market-implied probability of a quarter-point cut in February ...

  7. Interbank lending market - Wikipedia

    en.wikipedia.org/wiki/Interbank_lending_market

    The federal funds rate is the weighted average rate at which banks lend to each other in the overnight funds market, also known as the US overnight rate. The actual rate is determined daily by market conditions, but the Federal Reserve System uses various methods to influence the rate toward a target range.

  8. Federal Reserve cuts its key rate by a quarter-point but ...

    www.aol.com/federal-set-cut-key-rate-043226813.html

    The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it ...

  9. Banking in Australia - Wikipedia

    en.wikipedia.org/wiki/Banking_in_Australia

    Depending on the bank's assessment of the type of shortfall and costs, the bank may take out an overnight loan, the interest rate of which is based on the cash rate, which is set by the Reserve Bank (RBA) every month (currently 0.10%); [32] or else take out a "short duration loan", known as "prime bank paper", for a term of between one and six ...