official cash rate

February 2009: RBA cut official cash rate to 3.25%

The Reserve Bank of Australia has cut the cash rate by 100 basis points to 3.25 per cent, its lowest level since 1964.

This move by the Reserve Bank of following its board meeting in Sydney on Tuesday was in line with what most economist were expecting.

Feb 03, 2009

Press Release: Cash rates could plunge as low as in US

In an unprecedented move the US Federal Reserve has set key interest rates as low as zero to 0.25%.  These exceptionally low rates are expected to stick around for some time according to the Federal Reserve.

Dec 24, 2008

New Zealand axed official interest rate by 1.5%

New Zealand's Reserve Bank (NZRB) has cut the Official Cash Rate (OCR) by 1.5% today - the biggest single cut in the nation's history. The move, the fourth cut since July, took the official cash rate to 5.0%, the lowest since December 2003.

Related Topics:

Compare Products