The Reserve Bank has no plans to drop the Official Cash Rate below zero
The Reserve Bank has no plans to drop the Official Cash Rate below zero
16 March 2020
It has today slashed 75 basis points off the OCR, taking it to a record low of point two five... where it will stay for at least a year.
Reserve Bank Governor Adrian Orr says people should be talking to their banks to discuss any concerts - and this is the time for over-communication.
Orr also reinforces the importance of listening to health experts as the situation unfolds.
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