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Latest Reserve Bank Headlines
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 >>
On Luxon’s Landlord Myths, And The Needless Nightmare Of High Interest Rates
Tue, 12 Mar 2024 11:05:09 +1300 | Gordon Campbell
During the PM’s post-Cabinet press conference yesterday, Christopher Luxon claimed that renters will be feeling “grateful” for the way the government is putting “downward pressure“ on rents. Really. Allegedly, the coalition government is ...More >>
New Zealand One Step Closer To Depositor Compensation Scheme
Mon, 11 Mar 2024 10:34:15 +1300 | Reserve Bank
The Reserve Bank of New Zealand - Te Pūtea Matua is one step closer to launching the Depositor Compensation Scheme (DCS) which will operate under the new Deposit Takers Act (DTA). Following consultation and engagement with the deposit taking sector ...More >>
ESAS Access Review - March 2024 Update
Wed, 6 Mar 2024 10:41:27 +1300 | The Reserve Bank of New Zealand
Banks, other major institutions, and the Reserve Bank - Te Pūtea Matua use the Exchange Settlement Account System (ESAS) to settle transactions between us. We are part-way through a review of access eligibility criteria to use ESAS. This is an ...More >>
The Use Of Credit Risk Weights For Climate-related Purposes – Bulletin Article
Tue, 5 Mar 2024 10:40:34 +1300 | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua has published a Bulletin article discussing the use of credit risk weights for climate-related purposes. Te Pūtea Matua is responsible for maintaining a stable financial system to promote the prosperity ...More >>
New Measures To Build Cyber Resilience
Mon, 4 Mar 2024 11:08:23 +1300 | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua has published consultation feedback and decisions on collecting data to support cyber resilience. Cyber risks – both malicious and non-malicious – can impact financial stability, and managing them ...More >>
