Latest Reserve Bank Headlines

RBNZ approves Wolfstrike's purchase of lender FE investments

Fri, 26 May 2017 17:33:18 +1200 | BusinessDesk

May 26 (BusinessDesk) - The Reserve Bank has given the seal of approval to ASX-listed Wolfstrike Rentals Group to buy local financier FE Investments, the last hurdle the firms needed to cross in settling the deal. More >>

RBNZ and FMA welcome new Global Code of Conduct

Fri, 26 May 2017 10:18:13 +1200 | Reserve Bank

The Reserve Bank and Financial Markets Authority have welcomed the release of a new code to promote good practice in the international foreign exchange market. More >>

Reserve Bank renews currency swap facility with China

Fri, 19 May 2017 14:10:32 +1200 | Reserve Bank

The People's Bank of China (PBOC) and the Reserve Bank of New Zealand today announced the renewal of a reciprocal currency arrangement (swap line) to support the settlement of cross border transactions between New Zealand and Chinese businesses.More >>

Wheeler succeeds in rolling back market rate hike bets

Wed, 17 May 2017 15:53:26 +1200 | BusinessDesk

May 17 (BusinessDesk) - Reserve Bank governor Graeme Wheeler has prompted financial market traders to push back their bets for an interest rate hike by about three months with last week's dovish monetary policy statement but there is scepticism among economists ...More >>

New Zealand hosts EMEAP central bank governors

Tue, 16 May 2017 16:33:54 +1200 | The Reserve Bank of New Zealand

The Reserve Bank of New Zealand hosted the 22nd annual Executives' Meeting of East and Asia-Pacific (EMEAP) central banks in Auckland yesterday. More >>

NZ central bankers are not fortune tellers

Mon, 15 May 2017 21:05:16 +1200 | BusinessDesk

May 15 (BusinessDesk) - New Zealand's central bank monitors a wide range of data to gauge the current state of the economy and develop forecasts but "we are not fortune tellers," Reserve Bank assistant governor and head of economics ...More >>

The value of forecasting in an uncertain world

Mon, 15 May 2017 17:18:07 +1200 | Reserve Bank

Forecasting is a valuable part of the monetary policy process, helping the Bank plan for the future, communicate its current understanding and intentions, and react to unexpected events, Reserve Bank Assistant Governor and Head of Economics Dr John ...More >>

NZ dollar trades below key support level

Fri, 12 May 2017 20:40:43 +1200 | BusinessDesk

May 12 (BusinessDesk) - The New Zealand dollar is heading for a 0.5 percent weekly decline, having tumbled yesterday after a 'dovish' Reserve Bank statement and traders said the kiwi could extend its decline if it ends the week below a key support level.More >>

RBNZ sees slower credit growth as lenders compete

Fri, 12 May 2017 18:36:01 +1200 | BusinessDesk

May 12 (BusinessDesk) - The Reserve Bank expects credit growth to slow as banks fight more aggressively for deposits to fund their expanding loan books. More >>

Dollar falls after RBNZ unexpectedly sticks to rate track

Thu, 11 May 2017 21:50:40 +1200 | BusinessDesk

May 11 (BusinessDesk) - The New Zealand dollar dropped after the Reserve Bank surprised investors by keeping its interest rate track unchanged, despite recent data showing a spike in inflation and a strong labour market. More >>

RBNZ at odds with market economists over inflation outlook

Thu, 11 May 2017 21:48:34 +1200 | BusinessDesk

May 11 (BusinessDesk) - The Reserve Bank isn't convinced inflation pressures are building to such an extent that it needed to tinker with its flat interest rate track, putting it at odds with market economists. More >>

RBNZ's Wheeler keeps OCR at 1.75%

Thu, 11 May 2017 12:28:52 +1200 | BusinessDesk

May 11 (BusinessDesk) - Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent and also kept the rate track unchanged, saying the recent jump in consumer prices may only be temporary. The kiwi dollar fell on disappointment ...More >>

HiFX Data Update - RBNZ Official Cash Rate Decision

Thu, 11 May 2017 09:33:20 +1200 | HiFX

The RBNZ have maintained the Official Cash Rate (OCR) at 1.75%. The key points in the RBNZ statement are: Reserve Bank of NZ maintains the Official Cash Rate at 1.75% Monetary policy will remain accommodative for considerable period Developments since ...More >>

Official Cash Rate unchanged at 1.75 percent

Thu, 11 May 2017 09:09:12 +1200 | Reserve Bank

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. More >>

NZ dollar little changed near 69 US cents

Wed, 10 May 2017 20:46:38 +1200 | BusinessDesk

May 10 (BusinessDesk) - The New Zealand dollar was little changed near 69 US cents ahead of the Reserve Bank's monetary policy review tomorrow, where Reserve Bank governor Graeme Wheeler may bring forward the track of interest rate hikes.More >>

NZ dollar gains vs Aust dollar as investors rethink

Tue, 9 May 2017 20:54:10 +1200 | BusinessDesk

May 9 (BusinessDesk) - The New Zealand dollar hit a two-month high against its trans-Tasman counterpart after weaker than expected consumer spending in Australia saw investors rethink the interest rate paths for the two nations. More >>

Resilient NZ banking sector could use deeper capital buffers

Tue, 9 May 2017 16:47:53 +1200 | BusinessDesk

May 9 (BusinessDesk) - New Zealand's major banks should be able to withstand a severe economic downturn, with profits helping cushion the blow, but could use deeper capital buffers, says the International Monetary Fund. More >>

Westpac, BNZ see sense in RBNZ's capital review

Tue, 9 May 2017 13:11:29 +1200 | BusinessDesk

May 9 (BusinessDesk) - Westpac New Zealand and Bank of New Zealand are relatively sanguine about the need for the Reserve Bank's review of required capital levels to boost confidence in the solvency of the banking system, but see the regulator's ...More >>

National should act to protect New Zealanders’ savings

Tue, 9 May 2017 12:43:04 +1200 | Green Party

National should act to protect New Zealanders’ savings National should follow today’s advice from the International Monetary Fund (IMF) and implement deposit insurance to protect New Zealanders’ savings, the Green Party said. The IMF’s ...More >>

Executive Board Concludes 2017 NZ Article IV Consultation

Tue, 9 May 2017 10:24:51 +1200 | International Monetary Fund

On May 3, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation [1] with New Zealand. More >>