Definitions for "Official Cash Rate"
The overnight base interest rate at which the Reserve Bank of NZ lends to, or borrows from Registered Banks.
the rate at which the Reserve Bank will transact with authorised dealers on an overnight basis. See also monetary policy
the Official Cash Rate is the interest rate set by the Reserve Bank of Australia and used to influence the general level of interest rates in banking and the economy. Changes to the cash rate, also termed "official interest rates", flow on to variable home loan, personal loan and credit card rates within weeks.