OFC- Official Cash Rate New Zealand and Australian Central banks use this term to for the various country bank rate of interest whereby the RBNZ or the RBA central bank predetermines the amount of interest to be charged for overnight loans to commercial banks within the perspective country.
« Back to Glossary IndexBreaking News
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Ben Houchen victory bucks anti-Tory
Wins in East Midlands, North East and North Yorkshire
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Green party celebrates ‘really en
Co-leader Adrian Ramsay says party has won spread of
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Labour celebrates victories but los
Party did better in places it had lost since
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Conservatives crushed by ‘worst l
Spread of Tory losses leads former minister to say
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Detained asylum seekers given Home
Glossy promotional leaflet handed out to asylum seekers detained
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Labour’s Claire Ward elected firs
Party source describes region as ‘beating heart of general
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Lib Dems say council results show t
Ed Davey says ‘lifelong Conservative voters are backing the
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Jobs Data, Apple Earnings May Lead
The major U.S. index futures are currently pointing to
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Houchen re-elected as Tees Valley m
News comes as Labour’s Chris Webb wins back ‘red
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Key points as early local election
With more than a third of council elections declared,