Archive: 09/05/2019

dollar money cash3

OCR drops for first time in nearly 3 years

Posted 2 months ago by Pope & Co. Mortgages

The Reserve Bank has cut the Official Cash Rate by 0.25 points to 1.5 percent, an all-time low. This is the first change in the OCR since September 2016 when it was dropped to 1.75 percent.

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