Latest Reserve Bank Headlines

RBNZ's Spencer tipped to stand pat in final review next week

Fri, 16 Mar 2018 20:07:15 +1300 | BusinessDesk

March 16 (BusinessDesk) - Economists see no prospect of acting Reserve Bank governor Grant Spencer lifting the official cash rate in his final review next week and do not expect him to deviate from the line that rates are on hold for the foreseeable ...More >>

UPDATE: FMA rejected 2015 complaint on CBL prospectus

Tue, 13 Mar 2018 21:27:06 +1300 | BusinessDesk

March 13 (BusinessDesk) - The Financial Markets Authority was warned of potential issues at CBL Corp before the insurance services group went public in 2015 but dismissed the complaints from a businessman whose company was caught in a US probe over "fraudulent" ...More >>

Spencer calls for permanent macro-prudential framework

Tue, 13 Mar 2018 16:56:14 +1300 | BusinessDesk

March 13 (BusinessDesk) - Reserve Bank acting governor Grant Spencer says the government should consider a permanent structure for macro-prudential tools, which he attributes as helping the regulator meet its policy objectives. More >>

NZ dollar rises vs greenback on easing trade worries

Tue, 6 Mar 2018 20:16:35 +1300 | BusinessDesk

NZ dollar rises vs greenback on easing trade worries, falls vs Aussie after RBA stands pat More >>

New appointment to Reserve Bank board

Tue, 6 Mar 2018 17:04:04 +1300 | New Zealand Government

Hon Grant Robertson Minister of Finance 6 March 2018 MEDIA STATEMENT Dr Chris Eichbaum has been appointed to the Board of the Reserve Bank of New Zealand, Finance Minister Grant Robertson says. Dr Eichbaum is currently a Reader in Government at the Victoria ...More >>

Wells steps down as chair of Fisher Funds 'to focus on CBL'

Mon, 5 Mar 2018 18:10:35 +1300 | BusinessDesk

March 5 (BusinessDesk) - John Wells has retired as chair of Fisher Funds Management after 18 years on its board to focus on his role as chair of CBL Corp, which appointed voluntary administrators last month after the Reserve Bank sought to have the credit ...More >>

RBNZ sought interim liquidation after CBL breached orders

Thu, 1 Mar 2018 18:13:24 +1300 | BusinessDesk

March 1 (BusinessDesk) - The Reserve Bank of New Zealand says it asked for CBL Insurance (CBLI) to be put into an interim liquidation after the company paid $55 million to overseas companies, breaching the central bank's orders.More >>

RBNZ gets CBL Insurance interim liquidation order

Fri, 23 Feb 2018 22:22:21 +1300 | BusinessDesk

Feb. 23 (BusinessDesk) - The High Court has ordered CBL Insurance be placed into interim liquidation on an application by the Reserve Bank as the insurer's prudential supervisor. More >>

Interim liquidators appointed to CBL Insurance

Fri, 23 Feb 2018 21:15:26 +1300 | Reserve Bank

The High Court has placed CBL Insurance Limited into interim liquidation, following an application by the Reserve Bank of New Zealand. More >>

Spencer defends RBNZ's retail banking supervision

Wed, 21 Feb 2018 18:29:06 +1300 | BusinessDesk

Feb. 21 (BusinessDesk) - Acting Reserve Bank Governor Grant Spencer, who will leave the role next month to be replaced by Adrian Orr, defended the central bank's approach to supervision of the retail banking sector, though noted the government could seek ...More >>

NZ dollar falls vs greenback, Aussie as investors seek clues

Tue, 20 Feb 2018 20:31:36 +1300 | BusinessDesk

Feb. 20 (BusinessDesk) - The New Zealand dollar fell against the greenback and Australian dollar as investors unpick central bank meeting minutes for clues over increasingly divergent interest rate tracks. More >>

ASB Housing Confidence Survey

Tue, 20 Feb 2018 09:50:35 +1300 | ASB

• Fewer people think now is a bad time to buy a house. • South Island house price expectations more optimistic than in the North Island. • Most people expect interest rates to rise over the next year. More >>

NZ dollar gains in face of US, China holidays

Mon, 19 Feb 2018 20:55:14 +1300 | BusinessDesk

NZ dollar gains in face of US, China holidays, but may suffer on greenback strength More >>

Time to further soften LVRs, says realty head

Sun, 18 Feb 2018 13:28:55 +1300 | Century 21 Real Estate

“It’s time for the Reserve Bank to look at further softening its loan-to-value ratios, particularly for Auckland first-home buyers,” says Geoff Barnett, National Manager of Century 21 New Zealand.More >>

Taxpayers Being Fleeced Of $3 Billion

Thu, 15 Feb 2018 17:25:03 +1300 | Democrats for Social Credit

Yesterday’s release of the latest KPMG Financial Institutions Performance Survey review shows New Zealand taxpayers are being fleeced of more than $3 billion dollars annually. More >>

Cryptocurrency education not regulation the way to go

Thu, 15 Feb 2018 10:21:01 +1300 | Southern Cross Partners

Resilience and nature of cryptocurrencies will defy lawmakers South Korea’s recent attempt to regulate cryptocurrencies and calls for New Zealand to take the lead in this area are misguided because the very appeal of bitcoin is that it can’t be ...More >>

NZ dollar rises on growing inflation expectations

Wed, 14 Feb 2018 20:18:57 +1300 | BusinessDesk

Feb. 14 (BusinessDesk) - The New Zealand dollar rose after the Reserve Bank's survey of expectations showed firms are predicting inflationary pressures, and ahead of US inflation which may offer a steer on the Federal Reserve's interest rate track.More >>

NZ firms lift 2-year inflation expectations

Wed, 14 Feb 2018 19:25:37 +1300 | BusinessDesk

Feb. 14 (BusinessDesk) - New Zealand firms lifted their two-year inflation expectations and growth forecasts, pushing up the kiwi dollar by pointing to inflationary pressures emerging after a long hiatus. More >>

NZ Inflation Expectations Survey Release

Wed, 14 Feb 2018 15:18:02 +1300 | HiFX

The RBNZ just released the results of their Q1 Inflation Expectations Survey. The inflation expectations were higher when compared with Q4 2017 figures. 1 year inflation expectations +1.86% (compared with Q4 +1.87%) 2 year inflation expectations +2.11% ...More >>

NZ dollar gains as inflation comes into focus

Wed, 14 Feb 2018 11:38:33 +1300 | BusinessDesk

Feb. 14 (BusinessDesk) - The New Zealand dollar gained ahead of food price and inflation expectation reports locally and US inflation data tonight while the greenback weakened against the yen and the Swiss franc.More >>


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