Latest Reserve Bank Headlines

Video explains how we test banks’ safety

Mon, 19 Dec 2016 10:06:21 +1300 | Reserve Bank

Stress testing is a tool to assess how banks might cope with a severe economic downturn. More >>

NZ economy probably recorded 5th straight quarter of growth

Fri, 16 Dec 2016 16:40:13 +1300 | BusinessDesk

Dec. 16 (BusinessDesk) - New Zealand's economy may have extended its steady rate of growth for a fifth straight quarter with buoyant retailing lifting the services sector and construction on a tear, making up for a weaker primary sector.More >>

Kaikoura Main Highway Rebuild A Unique Economic Opportunity

Thu, 15 Dec 2016 12:51:06 +1300 | Democrats for Social Credit

Democrats for Social Credit Finance Spokesman Chris Leitch is calling on the Government not to borrow the money needed to rebuild the main highway through Kaikoura. More >>

Bulletin article takes a closer look at banknote images

Tue, 13 Dec 2016 14:51:17 +1300 | The Reserve Bank of New Zealand

The Reserve Bank today released a Bulletin article exploring the development of design themes in New Zealand’s banknotes. More >>

Reserve Bank issues warning to Aotearoa Credit Union

Mon, 12 Dec 2016 15:06:22 +1300 | The Reserve Bank of New Zealand

The Reserve Bank has today issued a formal warning to Aotearoa Credit Union under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act. More >>

NZ Banks now lending on income over equity

Fri, 9 Dec 2016 12:03:35 +1300 | LoanPlan Mortgages and Finance

While your house may be worth a fortune, it’s now harder than ever to convert property assets into cash because New Zealand’s major banks are assessing mortgage and loan applications against income over equity.More >>

RBNZ's Wheeler sees 'continued strong economic growth'

Thu, 8 Dec 2016 12:40:24 +1300 | BusinessDesk

Dec. 8 (BusinessDesk) - Reserve Bank governor Graeme Wheeler says the prospects are good for "continued strong growth" in the New Zealand economy in the next 18 months, with monetary policy accommodative enough to ensure inflation picks up ...More >>

Why is NZ still the exception on deposit protection?

Thu, 8 Dec 2016 12:18:42 +1300 | Green Party

Yesterday, in front of Parliament’s Finance & Expenditure select committee, Reserve Bank Governor Graeme Wheeler continued to defend New Zealand’s record of exceptionalism on deposit insurance. More >>

NZ dollar gains ahead of Wheeler speech

Thu, 8 Dec 2016 12:01:25 +1300 | BusinessDesk

Dec. 8 (BusinessDesk) - The New Zealand dollar rose ahead of a speech by Reserve Bank Governor Graeme Wheeler and before the government's fiscal and economic update, which may paint a more upbeat picture of the outlook.More >>

Growth prospects look promising in face of int'l risks

Thu, 8 Dec 2016 10:39:42 +1300 | The Reserve Bank of New Zealand

The prospects look promising for New Zealand’s economic expansion to continue in the face of considerable international uncertainties, Reserve Bank Governor Graeme Wheeler said today.More >>

Reserve Bank's Wheeler says immigration forecasts were wrong

Thu, 8 Dec 2016 08:32:00 +1300 | BusinessDesk

Dec. 7 (BusinessDesk) - Reserve Bank Governor Graeme Wheeler said he accepts the central bank got its migration forecasts wrong but it was hard to know how much inward migration New Zealand would attract under current policies.More >>

Wheeler not keen on bank deposit insurance

Wed, 7 Dec 2016 17:18:30 +1300 | BusinessDesk

Dec. 7 (BusinessDesk) - The Reserve Bank is unlikely to introduce state-backed insurance on bank deposits, saying the moral hazard is too high and it prefers the option of protecting those with small balances through guaranteed repayments.More >>

NZ home values rise at slowest annual pace in six months

Thu, 1 Dec 2016 15:50:05 +1300 | BusinessDesk

Dec. 1 (BusinessDesk) - New Zealand residential property values increased at the slowest annual pace in six months in November, as tougher lending restrictions constrain buyers.More >>

Graeme Wheeler is wrong

Thu, 1 Dec 2016 12:49:48 +1300 | Democrats for Social Credit

Democrats for Social Credit Finance Spokesman Chris Leitch is calling on Reserve Bank Governor Graeme Wheeler to correct statements made in the Bank’s Financial Stability Report released yesterday.More >>

Reserve Bank again highlights National's housing failure

Wed, 30 Nov 2016 11:59:51 +1300 | New Zealand Labour Party

National’s failure to deal with the housing crisis in New Zealand is once again being exposed by the Reserve Bank today, in a scathing assessment of the Government’s response, says Labour Finance spokesperson Grant Robertson More >>

Financial system continues to face housing and dairy risks

Wed, 30 Nov 2016 11:12:04 +1300 | The Reserve Bank of New Zealand

New Zealand’s financial system is sound but continues to face risks, Reserve Bank Governor, Graeme Wheeler, said today when releasing the Bank’s November Financial Stability Report .More >>

NZ dollar little changed as financial stability report

Mon, 28 Nov 2016 12:19:28 +1300 | BusinessDesk

Nov. 28 (BusinessDesk) - The New Zealand dollar was little changed ahead of the Reserve Bank's financial stability report and testimony from Reserve Bank governor Graeme Wheeler on Wednesday and US labour market figures at the end of the week.More >>

Reserve Bank delays bank disclosure reforms

Fri, 25 Nov 2016 11:15:54 +1300 | BusinessDesk

Nov. 24 (BusinessDesk) - The Reserve Bank of New Zealand has extended for two weeks its deadline for feedback on a proposed new Dashboard approach for banks’ financial disclosure aimed at making it easier for retail investors to compare how sound the ...More >>

Changes in household behaviour help explain low inflation

Wed, 23 Nov 2016 09:41:48 +1300 | The Reserve Bank of New Zealand

The Reserve Bank is taking account of changing household saving and spending behaviours in its inflation forecasts, Deputy Governor Geoff Bascand said in a speech to the Australia National University in Canberra this evening.More >>

Suncorp NZ sells Autosure, enters partnership with Turners

Tue, 22 Nov 2016 12:31:38 +1300 | Suncorp

Suncorp New Zealand sells Autosure business, enters into corporate partnership with Turners Limited Suncorp New Zealand today announced the sale of the majority of its Autosure motor insurance business to Turners Limited, and the start of a new corporate ...More >>

 

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