Liam Dann: An idiot’s guide to the Official Cash Rate

November 9, 2019 in DunedIn


Next Wednesday at 2pm, the nation’s media will pause briefly for the Reserve Bank’s call on the Official Cash Rate or, as we say in the game, the OCR.

But what is the OCR and why does it matter?

It’s a good question and one that I was asked to answer for an “explainer” video last week.

Nothing makes you feel more like an idiot than writing an idiot’s guide.

What is the OCR? What is an interest rate? What is money … Ahhh!

Business Editor at Large Liam Dann explains the Official Cash Rate, and how the Reserve Bank sets the OCR to influence the economy.

It’s easy to tie yourself in knots with ever-deeper definitions.

After 3000 years, philosophers still argue



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