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  2. Official cash rate - Wikipedia

    en.wikipedia.org/wiki/Official_Cash_Rate

    The official cash rate (OCR) is the term used in Australia and New Zealand for the bank rate and is the rate of interest which the central bank charges on overnight loans between commercial banks. This allows the Reserve Bank of Australia and the Reserve Bank of New Zealand to adjust the interest rates that apply in each country's economy. The ...

  3. List of sovereign states by central bank interest rates

    en.wikipedia.org/wiki/List_of_sovereign_states...

    Central bank interest rate (%) Change Effective date of last change Average inflation rate 2017–2021 (%) by WB and IMF [1] [2] as in the List Central bank interest rate minus average inflation rate (2017–2021) Afghanistan: 6.00 3.00: 24 July 2021 [3] 3.38 2.62 Albania: 2.75 0.25: 6 November 2024 [4] 1.78 0.97 Algeria: 3.00 0.25: 29 April ...

  4. Reserve Bank of Australia - Wikipedia

    en.wikipedia.org/wiki/Reserve_Bank_of_Australia

    The current governor of the Reserve Bank is Michele Bullock, who succeeded Philip Lowe as governor on 18 September 2023. [9] In May 2022, the bank increased the nation's interest rates for the first time in more than a decade. This move was designed to combat high rates of inflation.

  5. Australia's central bank raises rates by 50 bps in hawkish ...

    www.aol.com/news/australias-central-bank-raises...

    SYDNEY (Reuters) -Australia's central bank on Tuesday raised interest rates by the most in 22 years and flagged more tightening to come as it battles to restrain surging inflation, stunning ...

  6. These 10 Countries Offer the Highest Interest Rates in 2024 - AOL

    www.aol.com/countries-offer-highest-interest...

    Although foreign central bank interest rates might be higher, ... Here are the countries with the current highest interest rates: Zimbabwe: 110%. Argentina: 69.88^ Turkey: 43.5%.

  7. Australia's central bank to limit forward guidance on ...

    www.aol.com/news/australias-central-bank-limit...

    In a report published on Tuesday, the Reserve Bank of Australia (RBA) said forward guidance would now be more qualitative in nature and would not always contain an outlook for interest rates.