Scoop has an Ethical Paywall
Work smarter with a Pro licence Learn More
 



Latest Reserve Bank Headlines

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 >>

There Must Be Accountability For A Reserve Bank Failing To Do Its Job

Wed, 29 Nov 2023 13:53:22 +1300 | Taxpayers' Union

Responding to the Reserve Bank of New Zealand’s decision to freeze the Official Cash Rate (OCR) at 5.5%, Taxpayers’ Union Policy Adviser, James Ross, said: “Times are tough for Kiwi families, and that’s not going to change anytime soon. With ...More >>

Monetary Policy To Remain Restrictive

Wed, 29 Nov 2023 13:51:15 +1300 | Reserve Bank

The Monetary Policy Committee today agreed to maintain the Official Cash Rate at 5.50 percent. Interest rates are restricting spending in the economy and consumer price inflation is declining, as is necessary to meet the Committee’s Remit . However, ...More >>

Building A Balance Sheet To Support Financial Stability - RBNZ Speech

Tue, 14 Nov 2023 12:43:24 +1300 | The Reserve Bank of New Zealand

Central banks can use their balance sheets to support not just monetary policy, but also financial stability objectives, Assistant Governor Karen Silk says. In a keynote speech delivered at the UBS Australasia Conference, in Sydney today, Karen ...More >>

RBNZ Announces Key Decisions On Review Of Policy For Branches Of Overseas Banks

Tue, 7 Nov 2023 10:31:55 +1300 | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua is nearing completion of its Branch Policy review and is now seeking views on implementation considerations. Branches of overseas banks can be an important link between our economy and global financial ...More >>

No Longer Tomorrow’s Problem: How The Reserve Bank Is Working With Its Stakeholders To Respond To Climate Change

Fri, 3 Nov 2023 08:45:19 +1300 | Reserve Bank

This morning Reserve Bank of New Zealand Governor, Adrian Orr, delivered a keynote speech at the Chapter Zero Breakfast in Auckland. Titled: No longer tomorrow’s problem: How the Reserve Bank is working with its stakeholders to respond to Climate ...More >>

Adrian Orr’s Priorities Demonstrate He Is No Longer Fit For The Job

Wed, 1 Nov 2023 14:10:09 +1300 | Taxpayers' Union

The Taxpayers’ Union is calling on Reserve Bank of New Zealand (RBNZ) Governor, Adrian Orr, to resign or be sacked following revelations of yet another engagement focused on issues completely outside of his responsibility of price stability. Orr’s ...More >>

Financial System Still Adjusting To Higher Interest Rates

Wed, 1 Nov 2023 09:02:50 +1300 | Reserve Bank

New Zealand’s financial system remains strong as it adjusts to a higher interest rate environment, Deputy Governor Christian Hawkesby says in releasing the November 2023 Financial Stability Report . The full impact of previous interest rate increases ...More >>

Westpac Economic Overview, October 2023 – Trick Or Treat?

Tue, 31 Oct 2023 08:58:16 +1300 | Westpac

Westpac has just released its latest Economic Overview. “Inflation is likely to remain above the Reserve Bank’s 1-3% target range for all of 2024,” noted Chief Economist Kelly Eckhold. “While we are seeing lower imported goods and food inflation, ...More >>

 
 
 
 
 
 

InfoPages News Channels