 Monetary Policy Statements are issued with the OCR on four of those occasions.Unscheduled adjustments to the OCR may occur at other times in response to unexpected or sudden developments, to date this has occurred only twice; following the September 11 attacks and on March 16, 2020 during the COVID-19 pandemic.The OCR influences the price of borrowing money in New Zealand and provides the Reserve Bank with a means of influencing the level of economic activity and inflation.