Latest Reserve Bank Headlines

Govt spending on contractors millions more than thought

Thu, 15 Nov 2018 11:44:40 +1300 | RNZ

Government figures show some departments are spending up to 50 percent more on consultants this year than last. More >>

RBNZ begins second phase of review into new standard

Tue, 13 Nov 2018 17:04:37 +1300 | BusinessDesk

Nov. 13 (BusinessDesk) - The Reserve Bank has kicked off the second consultation into a new standard for mortgage-backed bonds to improve confidence and liquidity in the New Zealand markets.More >>

RBNZ evaluating whether to ease LVR restrictions

Tue, 13 Nov 2018 15:49:52 +1300 | BusinessDesk

Nov. 13 (BusinessDesk) - The Reserve Bank of New Zealand is evaluating whether to further ease mortgage curbs and will update the market in its upcoming financial stability report (FSR), deputy governor Geoff Bascand said. More >>

Reserve Bank consults on new mortgage bond standard

Tue, 13 Nov 2018 13:10:42 +1300 | Reserve Bank

The Reserve Bank today published a consultation paper proposing a new mortgage bond standard aimed at supporting confidence and liquidity in the New Zealand markets. This follows an initial consultation in November 2017 and ongoing discussion with ...More >>

Financial stability – risky, safe or just right?

Tue, 13 Nov 2018 11:57:41 +1300 | Reserve Bank

The challenge with financial stability is how to maintain a strong, resilient and efficient financial system in the face of changing and emerging risks said Deputy Governor and Head of Financial Stability Geoff Bascand in Sydney today.More >>

UPDATE: CBL Insurance placed in liquidation

Mon, 12 Nov 2018 20:26:08 +1300 | BusinessDesk

Nov. 12 (BusinessDesk) - CBL Insurance, a subsidiary of CBL Corp, has been placed in liquidation by the Auckland High Court, against the recommendation of the voluntary administrators. More >>

CBL Insurance placed in liquidation

Mon, 12 Nov 2018 19:35:43 +1300 | BusinessDesk

Nov. 12 (BusinessDesk) - CBL Insurance, a subsidiary of CBL Corporation, was put into liquidation by the Auckland High Court despite the recommendation of the voluntary administrators. More >>

Reserve Bank welcomes uncontested liquidation of CBL

Mon, 12 Nov 2018 16:01:24 +1300 | Reserve Bank

Reserve Bank welcomes uncontested liquidation of CBL Insurance The Reserve Bank of New Zealand welcomes placement of CBL Insurance Ltd into liquidation, without the need for a contested hearing. At a hearing in Auckland today, the High Court ...More >>

BNZ’s history making mortgage rate delivers confidence

Mon, 12 Nov 2018 12:47:45 +1300 | Bank of New Zealand

Bank of New Zealand is offering customers a two-year home loan rate not seen in at least a quarter of a century. More >>

Armistice Day coin decides kick-off for All Blacks game

Mon, 12 Nov 2018 12:38:53 +1300 | Reserve Bank

New Zealand’s Armistice Day 50 cent coin featured at Twickenham over the weekend – used for the ‘coin toss’ that decided the kick-off for the All Blacks vs England game on Armistice Day.More >>

UPDATE: 'Pigeon-like' RBNZ still firmly on hold

Thu, 8 Nov 2018 16:11:10 +1300 | BusinessDesk

Nov. 8 (BusinessDesk) - The central bank says that inflation pressures are rising in New Zealand but it continues to reiterate rates will be on hold until 2020 and a cut remains possible. More >>

RBNZ keeps rates on hold but drops talk of possible rate cut

Thu, 8 Nov 2018 12:25:44 +1300 | BusinessDesk

Nov. 8 (BusinessDesk) - Reserve Bank governor Adrian Orr kept the official cash rate at 1.75 percent as widely expected and while he said the central bank expects to keep it at this level into 2020, he pared back language around a possible rate cut.More >>

Governor delivers verdict on Government

Thu, 8 Nov 2018 10:32:59 +1300 | ACT New Zealand

“The Reserve Bank’s decision to leave the Official Cash Rate at 1.75 per cent is good news for mortgagees but a long-term indictment on the Government, showing a soft private sector propped up by Government spending”, says ACT Leader David ...More >>

Official Cash Rate unchanged at 1.75 percent

Thu, 8 Nov 2018 09:27:23 +1300 | Reserve Bank

The Official Cash Rate (OCR) remains at 1.75 percent. We expect to keep the OCR at this level through 2019 and into 2020. There are both upside and downside risks to our growth and inflation projections. As always, the timing and direction of any ...More >>

NZ businesses expect faster - but still muted - inflation

Wed, 7 Nov 2018 19:59:21 +1300 | BusinessDesk

Nov. 7 (BusinessDesk) - New Zealand businesses see inflation creeping up over the coming year, but their longer term expectations remain anchored around the middle of the central bank's target range.More >>

NZ dollar eases against Australian dollar

Tue, 6 Nov 2018 20:16:57 +1300 | BusinessDesk

Nov. 6 (BusinessDesk) - The New Zealand dollar eased against the Australian dollar after the Reserve Bank of Australia was slightly more upbeat about the economy More >>

PM's Post-Cabinet Press Conference 5/11/18: Banking, Czechs

Mon, 5 Nov 2018 18:16:03 +1300 | The Scoop Team

Prime Minister Jacinda Ardern was joined at her Monday post-cabinet press conference by Minister of Finace Grant Robertson and Minister of Commerce and Consumer Affairs Kris Faafoi to discuss banking.More >>

FMA and RBNZ report on bank conduct and culture

Mon, 5 Nov 2018 14:29:59 +1300 | Reserve Bank

The Financial Markets Authority and Reserve Bank of New Zealand have completed their joint review into the conduct and culture of 11 New Zealand banks. The review is the first of its kind in New Zealand.More >>

2 The Terrace building update

Fri, 2 Nov 2018 15:12:33 +1300 | Reserve Bank

Asbestos remediation work at 2 The Terrace is ahead of schedule with tenants starting to move back into the building from Monday 5 November along with the re-opening of the Museum and Education Centre.Asbestos remediation work will continue in parts ...More >>

Improvements to data released with the MPS

Fri, 2 Nov 2018 11:07:00 +1300 | Reserve Bank

The Reserve Bank will implement a change to improve the data released with the Monetary Policy Statement (MPS) from November. More >>

 
 
 
 
 
 
 

InfoPages News Channels