L5 - Monetary Policy (OCR)

What will changes in the ORR or changes in deposits trigger?

What are the accounts private banks hold at the Reserve bank called?

If a private bank doesn't have enough money in it's settlement account, it can borrow from the RBNZ at the OCR plus...?

Why does the OCR determine the call rate in which banks charge their customers?

Banks HOLDING settlement cash...

Banks BORROWING settlement cash ...

What happens when the RBNZ lowers the OCR?

What is the '90-day bill rate'?

What is the effect of increasing the money supply, vice versa

What is the stable 'inflation band'?

What is 'settlement cash'?

What is the difference between the interest on overnight loans vs settlement cash.

What happens when interest rates rise?

When the ORR falls, why would banks want to keep less in reserves at the RBNZ?

When the OCR rises, what do banks want to do?

What are 3 things that effect the economy as a whole when interest rates are increased by the RBNZ?

What is the Taylor Rule?

Whats the difference between 'dovish' and 'hawkish'?