enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  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 bank's main policy role is to control inflation levels within a target range of 2–3%, by controlling the unemployment rate according to the 'non-accelerating inflation rate of unemployment' by controlling the official cash rate. The NAIRU was implemented in most western nations after 1975, and has been maintained at a target of 5–6% ...

  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. Bank rate - Wikipedia

    en.wikipedia.org/wiki/Bank_rate

    Bank rate, also known as discount rate in American English, [1] and (familiarly) the base rate in British English, [2] is the rate of interest which a central bank charges on its loans and advances to a commercial bank. The bank rate is known by a number of different terms depending on the country, and has changed over time in some countries as ...

  6. 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 ...

  7. 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 ...

  8. Philip Lowe - Wikipedia

    en.wikipedia.org/wiki/Philip_Lowe

    Lowe has attracted controversies for a number of his comments during his tenure as Governor of the Reserve Bank of Australia. At the Australian Financial Review business summit in 2021, Lowe indicated that the RBA would not raise the Official cash rate until 2024 but this decision was changed in May 2022 when the cash rate target was raised by ...

  9. Interbank lending market - Wikipedia

    en.wikipedia.org/wiki/Interbank_lending_market

    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. These include issuing cash in exchange for bonds and paying banks to maintain excess reserves.