Latest Reserve Bank Headlines
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 >>
Changes To RBNZ Executive Leadership Team
Thu, 22 Feb 2024 09:56:12 +1300 | The Reserve Bank of New Zealand
Assistant Governor/General Manager Transformation, Innovation, People and Culture Juliet Tainui-Hernandez has resigned to focus on her governance career. She will be leaving RBNZ at the end of April 2024. Governor Adrian Orr said: “Juliet has ...More >>
On National Spreading Panic About The Economy
Tue, 20 Feb 2024 09:03:08 +1300 | Gordon Campbell
It is a political strategy as old as time. Scare the public with tales of disaster and stampede them into supporting your ideological agenda because they believe There Is No Alternative. Yet, if the NZ economy truly is as “fragile” as PM Christopher ...More >>
The Importance Of Quality Research And Data - A Speech By Chief Economist Paul Conway
Tue, 30 Jan 2024 09:15:36 +1300 | The Reserve Bank of New Zealand
The New Zealand and global economies have suffered a series of shocks that have changed the economic landscape in the past few years. In some respects, the economy is now significantly different from how it was before the COVID-19 pandemic, Reserve ...More >>
RBNZ Bulletin - In Retrospect: RBNZ’s Support Of Financial Market Functioning At The Onset Of COVID-19
Thu, 25 Jan 2024 10:33:19 +1300 | The Reserve Bank of New Zealand
This Bulletin discusses the drivers of dysfunction in key NZ dollar financial markets in 2020, and our actions to support financial market functioning during this time. Read the Bulletin The onset of the COVID-19 pandemic triggered a rapid deterioration ...More >>
Monetary Policy Remit Amended
Wed, 13 Dec 2023 16:28:58 +1300 | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua acknowledges the amended Remit for the Monetary Policy Committee (MPC) issued today by the Minister of Finance. The MPC Remit sets the operational objectives for monetary policy. The amended Remit ...More >>
Government Renews RBNZ Focus On Inflation
Wed, 13 Dec 2023 16:01:13 +1300 | New Zealand Government
With Parliament now having passed the Reserve Bank of New Zealand (Economic Objective) Amendment Bill, the coalition Government has met its 100-Day commitment to return the Reserve Bank to a single focus on inflation, Finance Minister Nicola Willis says. ...More >>
Too Little Too Late From Meddling Treasury Mandarins
Tue, 12 Dec 2023 11:18:00 +1300 | New Zealand Taxpayers' Union
Responding to comments from Treasury officials suggesting that returning the Reserve Bank of New Zealand to the single mandate could undermine faith in its political independence, Taxpayers’ Union Policy Adviser, James Ross, said: “RBNZ has failed ...More >>
LVR Restrictions Have Added To Resilience
Tue, 12 Dec 2023 11:14:24 +1300 | The Reserve Bank of New Zealand
This Bulletin reflects on a decade of using macroprudential policy and finds New Zealand’s loan-to-value ratio (LVR) restrictions on new mortgage lending have added to the resilience of the financial system. This analysis was produced for a study ...More >>
Households Tend To Pay More Attention To Inflation When It Is High - Analytical Note
Mon, 11 Dec 2023 13:30:23 +1300 | The Reserve Bank of New Zealand
Inflation expectations - what people think inflation will be in the future – are crucial for policymakers at the Reserve Bank of New Zealand, Te Pūtea Matua. That’s because these expectations affect everybody’s decisions about savings, spending, ...More >>
Major Banks Compliant With RBNZ Outsourcing Policy
Mon, 11 Dec 2023 11:13:47 +1300 | The Reserve Bank of New Zealand
In a significant milestone, the Reserve Bank of New Zealand - Te Pūtea Matua is pleased to confirm that New Zealand’s largest banks are now compliant with our Outsourcing Policy (BS11). BS11 is designed to manage risks that could arise when ...More >>
Key Liquidity Policy Review Decisions Announced
Tue, 5 Dec 2023 10:24:53 +1300 | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand - Te Pūtea Matua has announced two key decisions following the second round of public consultation on its liquidity policy review (C2). Director of Prudential Policy, Kate Le Quesne says our liquidity policy is ...More >>
Reserve Bank Community Cash Trials To Start Next Year
Mon, 4 Dec 2023 10:59:22 +1300 | The Reserve Bank of New Zealand
Rural New Zealand communities lacking commercial bank over-the-counter or ATM cash services will be invited to take part in trials starting next year of new ways to help individuals and retailers withdraw and deposit cash. The Reserve Bank of New ...More >>