Encyclopedia > O > Official Cash Rate
Official Cash Rate
The Official Cash Rate (OCR) is the interest rate paid by banks in the overnight money market. Through the regulated use of Exchange Settlement Accounts a central bank is able to adjust the interest rates of a nation's economy.
Information are taken from Wikipedia, the open encyclopedia, to which contribute many volunteers from around the whole world. Texts are available under the following conditions GNU Free Documentation License.
Encyklopedie (cz) Encyklopédia (sk) Enzyklopädie (de)