Official Cash Rate
E298099
The Official Cash Rate is New Zealand’s key benchmark interest rate used by the Reserve Bank of New Zealand to influence inflation, economic activity, and overall monetary conditions.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Official Cash Rate canonical | 4 |
How this entity was disambiguated
This entity first appeared as the object of triple T2784931 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
NED1
Entity disambiguation (via context triple)
gpt-5-mini-2025-08-07
Target entity: Official Cash Rate Context triple: [Reserve Bank of New Zealand, sets, Official Cash Rate]
-
A.
Bank Rate
Bank Rate is the United Kingdom’s official policy interest rate set by the Bank of England to influence borrowing costs, inflation, and overall economic activity.
-
B.
Guaranteed Rate
Guaranteed Rate is a U.S.-based mortgage lending company known for providing home loans and related financial services nationwide.
-
C.
Regulation Q
Regulation Q was a former Federal Reserve regulation that prohibited banks from paying interest on demand deposits and capped interest rates on other deposit accounts, significantly shaping U.S. banking practices until its repeal.
-
D.
Marginal standing facility rate
The marginal standing facility rate is an overnight borrowing rate at which the Reserve Bank of India lends funds to commercial banks, serving as a tool to manage short-term liquidity and signal the upper bound of the interest rate corridor in its monetary policy framework.
-
E.
able rate
Able rate was a junior enlisted sailor rank in the Royal Navy, historically denoting a seaman with proven competence and experience above ordinary seamen.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
NED2
Entity disambiguation (via description)
gpt-5-mini-2025-08-07
Target entity: Official Cash Rate Target entity description: The Official Cash Rate is New Zealand’s key benchmark interest rate used by the Reserve Bank of New Zealand to influence inflation, economic activity, and overall monetary conditions.
-
A.
Bank Rate
Bank Rate is the United Kingdom’s official policy interest rate set by the Bank of England to influence borrowing costs, inflation, and overall economic activity.
-
B.
Guaranteed Rate
Guaranteed Rate is a U.S.-based mortgage lending company known for providing home loans and related financial services nationwide.
-
C.
Regulation Q
Regulation Q was a former Federal Reserve regulation that prohibited banks from paying interest on demand deposits and capped interest rates on other deposit accounts, significantly shaping U.S. banking practices until its repeal.
-
D.
Marginal standing facility rate
The marginal standing facility rate is an overnight borrowing rate at which the Reserve Bank of India lends funds to commercial banks, serving as a tool to manage short-term liquidity and signal the upper bound of the interest rate corridor in its monetary policy framework.
-
E.
able rate
Able rate was a junior enlisted sailor rank in the Royal Navy, historically denoting a seaman with proven competence and experience above ordinary seamen.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
benchmark interest rate
ⓘ
monetary policy instrument ⓘ |
| administeredBy | Reserve Bank of New Zealand ⓘ |
| affects |
deposit rates
ⓘ
domestic demand ⓘ exchange rate of New Zealand dollar ⓘ inflation expectations ⓘ lending rates ⓘ mortgage rates ⓘ short-term interest rates ⓘ |
| announcedBy | Monetary Policy Committee of the Reserve Bank of New Zealand ⓘ |
| appliesTo | overnight cash market ⓘ |
| belongsToSystem | New Zealand monetary policy framework ⓘ |
| country | New Zealand ⓘ |
| currency | New Zealand dollar ⓘ |
| decisionFrequency | seven or eight times per year ⓘ |
| decisionType | monetary policy decision ⓘ |
| framework | inflation targeting ⓘ |
| goal |
price stability
ⓘ
supporting maximum sustainable employment ⓘ |
| implementedThrough |
open market operations
ⓘ
settlement cash management ⓘ standing facilities ⓘ |
| influences |
bank funding costs
ⓘ
business investment ⓘ credit conditions ⓘ household consumption ⓘ housing market activity ⓘ |
| introducedBy | Reserve Bank of New Zealand ⓘ |
| introducedInYear | 1999 ⓘ |
| legalBasis | Reserve Bank of New Zealand Act 1989 ⓘ |
| monitoredBy |
businesses
ⓘ
commercial banks ⓘ financial markets ⓘ households ⓘ |
| region | Oceania ⓘ |
| replaced | previous monetary policy operating regime based on monetary conditions index ⓘ |
| sector | banking system ⓘ |
| setIn | New Zealand dollars overnight interbank market ⓘ |
| shortName | OCR ⓘ |
| targetInflationMeasure | consumer price inflation ⓘ |
| targetInflationMidpoint | 2 percent per annum ⓘ |
| targetInflationRange | 1 to 3 percent per annum ⓘ |
| usedFor |
anchoring short-term interest rates
ⓘ
inflation control ⓘ influencing economic activity ⓘ influencing monetary conditions ⓘ signalling monetary policy stance ⓘ |
How these facts were elicited
The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.
Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Input
Subject: Official Cash Rate Description of subject: The Official Cash Rate is New Zealand’s key benchmark interest rate used by the Reserve Bank of New Zealand to influence inflation, economic activity, and overall monetary conditions.
Referenced by (4)
Full triples — surface form annotated when it differs from this entity's canonical label.
Monetary Policy Committee of the Reserve Bank of New Zealand
→
usesInstrument
→
Official Cash Rate
ⓘ