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Latest Reserve Bank Headlines
Second Round Of Consultation On Funding Strategy For Depositor Compensation Scheme
Mon, 6 May 2024 16:22:41 +1200 | The Treasury
Te Tai Ōhanga - The Treasury has opened the second round of public consultation on the funding strategy for the Depositor Compensation Scheme (DCS), known as the Statement of Funding Approach (SoFA). Consultation is open from 6 May to 31 May 2024.More >>
Rural Towns Invited To Apply For Cash Service Trials As Challenges For Cash Users Grow
Fri, 3 May 2024 14:16:42 +1200 | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua is opening applications for towns wanting to trial either local cash depots with automated cash banking facilities that work with all banks, or a security van service.More >>
FSF Responds To The Market Study Into Personal Banking Services - See Submission Highlights
Thu, 2 May 2024 07:44:27 +1200 | Financial Services Federation
“Without sufficient competition and disruption in banking services, New Zealand runs the risk of consumers missing out. We have highlighted our key concerns and recommendations to stop this from happening.”More >>
Financial System Robust To High Interest Rate Environment
Wed, 1 May 2024 09:44:51 +1200 | The Reserve Bank of New Zealand
New Zealand’s financial system remains strong as it continues to adjust to the higher interest rate environment, Deputy Governor Christian Hawkesby says in releasing the May 2024 Financial Stability Report.More >>
Dwelling Insurance Pricing Becoming More Risk-based
Mon, 29 Apr 2024 10:10:51 +1200 | The Reserve Bank of New Zealand
Insurance makes an important contribution to New Zealanders’ financial and economic wellbeing, by spreading the cost of adverse events across time and policyholders, Reserve Bank Director of Financial Stability Assessment & Strategy Kerry Watt says.More >>
RBNZ Releases Submission On Draft Commerce Commission Market Study
Tue, 23 Apr 2024 08:38:46 +1200 | The Reserve Bank of New Zealand
The draft report provides a useful analysis of the current market structure and makes some valuable recommendations to improve how competition could work better for consumers. More >>
Climate Stress Test Assesses Resilience Of Major NZ Banks
Mon, 22 Apr 2024 12:33:37 +1200 | The Reserve Bank of New Zealand
Climate-related risks need to be actively managed to protect the resilience of the financial system to other shocks, the results of the Reserve Bank of New Zealand’s (RBNZ) 2023 Climate Stress Test has found.More >>
Annual Inflation At 4.0 Percent
Wed, 17 Apr 2024 10:57:30 +1200 | Statistics New Zealand
New Zealand's consumers price index increased 4.0 percent in the 12 months to the March 2024 quarter, according to figures released by Stats NZ today. The 4.0 percent increase follows a 4.7 percent increase in the 12 months to the December 2023 quarter. ...More >>
Consultation Opens On A Digital Currency For New Zealand
Wed, 17 Apr 2024 09:47:40 +1200 | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua is continuing its exploration of a central bank digital currency. “We are calling this ’digital cash’. It would be a new type of money in addition to the banknotes and coins we have today, ...More >>
Finding Neutral: Estimates Of New Zealand’s Nominal Neutral Interest Rate
Mon, 15 Apr 2024 12:00:08 +1200 | The Reserve Bank of New Zealand
Due to New Zealanders’ high inflation expectations, the Official Cash Rate (OCR) would currently need to be about 3.9 percent to neither tap the brakes nor push on the accelerator of the economy, the Reserve Bank’s new Bulletin article shows.More >>
OCR 5.50% - Official Cash Rate Remains Unchanged
Wed, 10 Apr 2024 14:12:51 +1200 | The Reserve Bank of New Zealand
The Monetary Policy Committee today agreed to leave the Official Cash Rate (OCR) at 5.50 percent. More >>
RBNZ Welcomes Progress On Whenua Māori Lending
Tue, 2 Apr 2024 14:44:41 +1300 | The Reserve Bank of New Zealand
The Māori Land Court recently released a practice note in regard to lending on Māori freehold land - whenua Māori. The note provides guidance to assist landowners, lawyers and the banking sector with lending against Māori freehold land. As we noted ...More >>
Two New Monetary Policy Committee Members Appointed
Thu, 28 Mar 2024 16:09:46 +1300 | The Reserve Bank of New Zealand
Two new members of the Reserve Bank of New Zealand’s (RBNZ) Monetary Policy Committee (MPC), Carl Hansen and Professor Prasanna Gai have been appointed by the Minister of Finance, Nicola Willis, on the recommendation of the RBNZ’s Board. The 7-member ...More >>
Reserve Bank Appointments
Thu, 28 Mar 2024 15:40:59 +1300 | New Zealand Government
Hon Nicola Willis Minister of Finance Economists Carl Hansen and Professor Prasanna Gai have been appointed to the Reserve Bank Monetary Policy Committee, Finance Minister Nicola Willis announced today. The Monetary Policy Committee (MPC) is the independent ...More >>
On Labour’s Fear Of Commitment
Tue, 26 Mar 2024 11:59:45 +1300 | Gordon Campbell
For 20 years or more, the case for a meaningful capital tax gains has been mulled over and analysed to death, including by the tax working group chaired by Sir Michael Cullen. More than once, the International Monetary Fund has said a CGT would be a ...More >>
Guidance Issued On Managing Climate-related Risks
Tue, 26 Mar 2024 10:26:29 +1300 | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua has published Guidance for our regulated entities on managing climate-related risks. This follows our consultation on draft Guidance in March 2023 and is one of the actions set for us in the National ...More >>
On The Attack Of The Tax Cut Zombies, And A Music Playlist
Thu, 21 Mar 2024 09:48:12 +1300 | Gordon Campbell
As long ago as 2007, New Zealanders were telling pollsters that while they wanted tax cuts, a majority of the public opposed tax cuts if the funding for them required cuts to social services. Seventeen years later, we’re still in the same boat. Almost ...More >>
RBNZ Publishes Assessment Of Capital Review Implementation
Mon, 18 Mar 2024 10:13:36 +1300 | Reserve Bank
The Reserve Bank of New Zealand’s 2019 Capital Review focused on improving the quality and quantity of bank capital to make the banking system safer for New Zealanders and to ensure that bank owners have a meaningful stake in their businesses. We are ...More >>
Image Of King Charles III To Appear On New Zealand's Coins Confirmed
Fri, 15 Mar 2024 10:49:37 +1300 | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua has confirmed that New Zealand’s circulating and commemorative coins will bear the Commonwealth effigy (image) of King Charles III, King of New Zealand. <img src="https://img.scoop.co.nz/stories/images/2403/5e59c24c76e9a7e7ac68.jpeg" ...More >>
A Proportionality Framework Allows For Diversity While Promoting Financial Stability
Thu, 14 Mar 2024 10:29:15 +1300 | Reserve Bank
The Reserve Bank of New Zealand - Te Pūtea Matua has published the first legislative document setting out how it will take a proportionate approach when developing prudential standards for licensed deposit takers under the Deposit Takers Act 2023. Following ...More >>
