Although it starts out with the basics, it quickly moves to more advanced topics, including the application of trading tools and actionable trading setups.įrom there, students move right into the Tandem Trader, a 12-hour advanced day trading course. IU's Textbook Trading course was one of the first of its kind designed for those with only basic knowledge of trading. With a clear educational path at a fairly reasonable price, it's our choice as the best overall stock trading course. The first was following the 11 September 2001 attacks on the World Trade Center in New York, and the second was in response to the COVID-19 crisis.Investors Underground (IU) has the most complete offering by far. Unscheduled adjustments to the OCR and other tools may occur in response to unexpected or sudden developments. Monetary Policy Statements are issued on four of those occasions. The MPC reviews monetary policy seven times a year.

Read more about the monetary policy toolkit Reviewing the OCR The MPC implemented a Large-scale Asset Purchases (LSAP) programme and a Funding for Lending Programme (FLP).

We stopped using these tools when we introduced the OCR.Īs the Monetary Policy Committee's (MPC) ability to lower the OCR became constrained during the COVID-19 crisis, we expanded our monetary policy toolkit.

It is a conventional tool by international standards.īefore we had the OCR, we used a variety of tools to control inflation, including influencing the supply of money and indicating desired monetary conditions to the financial markets. The official cash rate (OCR) was introduced in New Zealand in March 1999.

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