Posts Tagged ‘OCR Announcement’
The OCR announcement – what do rising interest rates mean for you?
The Reserve Bank of New Zealand (RBNZ) are trying to force a recession to combat increasing inflation. At the end of November, they raised the Official Cash Rate (OCR) – the biggest increase they’ve ever done: a .75% increase. So, what is the OCR? Essentially it is a benchmark interest rate in New…
Read More