Latest Reserve Bank Headlines

RBNZ Strengthening Enforcement Framework

Wed, 18 May 2022 14:11:38 +1200 | The Reserve Bank of New Zealand

The Reserve Bank of New Zealand - Te Pūtea Matua has published its Enforcement Principles and Criteria Guidelines which are the foundation of our enhanced enforcement framework. “The principles and criteria are part of a broader initiative in which ...More >>

RBNZ Supports Proposals To Strengthen Climate-Related Disclosure

Tue, 10 May 2022 09:57:36 +1200 | The Reserve Bank of New Zealand

The Reserve Bank of New Zealand – Te Pūtea Matua continues to strongly support the External Reporting Board’s (XRB) plans to develop disclosure as a tool to understand and mitigate climate-related financial risks. The XRB is the independent Crown Entity ...More >>

Financial System Resilient To Heightened Challenges

Wed, 4 May 2022 09:49:10 +1200 | The Reserve Bank of New Zealand

New Zealand’s financial system remains robust in the context of significant global economic challenges, Governor Adrian Orr says in releasing the May 2022 Financial Stability Report . Globally the COVID-19 pandemic continues to pose complex economic ...More >>

Reserve Bank Pleased With Strong Public Interest In The Future Of Money

Fri, 29 Apr 2022 10:37:45 +1200 | The Reserve Bank of New Zealand

Three issues papers published by the Reserve Bank of New Zealand – Te Pūtea Matua have drawn strong support for ensuring cash remains available and accepted, and for the Reserve Bank taking on a broad stewardship role for money and cash. “Feedback ...More >>

Our Evolving View Of Macroprudential Policy

Thu, 28 Apr 2022 10:15:30 +1200 | The Reserve Bank of New Zealand

The approach to using macroprudential policy tools at the Reserve Bank of New Zealand - Te Pūtea Matua has evolved alongside our experience with them, Deputy Governor Christian Hawkesby says in a speech published today. As a full-service central bank, ...More >>

On Ukraine Virtue Signalling, And Our Inflation Spike

Fri, 22 Apr 2022 11:49:53 +1200 | Gordon Campbell

Inflation at 6.9% is a bad sign of the rising cost of living, and hidden within the headline numbers are some even grislier figures. As CTU economist Craig Renney has pointed out: Food prices rose nearly 7%, led by fruit and vegetables which rose ...More >>

How Are Inflation Expectations Shaping Up In New Zealand?

Wed, 20 Apr 2022 18:10:57 +1200 | Kalkine

Summary A range of global market forces has lifted inflation expectations in New Zealand. The RBNZ has embraced aggressive monetary policy tightening by raising the cash rate by 50 basis points. The central bank intends to maintain low and stable ...More >>

Is New Zealand Returning To Its Pre-Pandemic Settings?

Fri, 15 Apr 2022 05:50:15 +1200 | Kalkine

Summary New Zealand appears to be gradually returning to normalcy post the COVID-19 outbreak. The Reserve Bank of New Zealand recently conducted its fourth rate hike, taking the official cash rate to 1.50%. Reopening of international borders and easing ...More >>

OCR Hike Will Add To Inflation And Hurt Less Well Off

Thu, 14 Apr 2022 05:33:15 +1200 | Social Credit

The orthodox attempt by the Reserve Bank to control inflation by lifting the Official Cash Rate by 50 basis points will hurt beneficiaries, superannuitants, and the low paid with a double whammy effect as businesses recover their additional interest ...More >>

Monetary Tightening Brought Forward

Wed, 13 Apr 2022 14:44:39 +1200 | Bank of New Zealand

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 1.50 percent. The Committee agreed it is appropriate to continue to tighten monetary conditions at pace to best maintain price stability and support maximum sustainable employment. ...More >>

Māori, Pasifika, Young People And Small Regions Hardest Hit In Job Downturns

Thu, 31 Mar 2022 09:41:24 +1300 | The Reserve Bank of New Zealand

The Reserve Bank’s Monetary Policy Committee (MPC) uses monetary policy to maintain price stability and support maximum sustainable employment (MSE). This Analytical Note research builds on our understanding of dynamics in New Zealand’s labour market. ...More >>

ANZ NZ Director Attestation Review Finds Marked Improvement In Governance

Tue, 29 Mar 2022 09:27:50 +1300 | The Reserve Bank of New Zealand

A review of ANZ New Zealand’s (ANZ) Directors Attestation Framework has found that ANZ has taken appropriate steps to remedy concerns raised in an independent report. In June 2019 the Reserve Bank of New Zealand – Te Pūtea Matua requested ...More >>

RBNZ Launches Material Breach Register

Thu, 24 Mar 2022 09:37:35 +1300 | The Reserve Bank of New Zealand

To aid transparency of compliance with key bank prudential requirements, the Reserve Bank of New Zealand – Te Pūtea Matua has launched a public material breach register. New Zealand registered banks are required by the Reserve Bank to meet a number of ...More >>

Capital Instruments For Mutual Banks Being Considered

Wed, 16 Mar 2022 11:21:36 +1300 | The Reserve Bank of New Zealand

The Reserve Bank of New Zealand - Te Pūtea Matua is seeking feedback on policy options for mutual banks to issue capital instruments. In December 2019 we published the final decisions from the Capital Review which focused on improving the quality ...More >>

RBNZ Appoints New Director Of Economics And Chief Economist

Thu, 10 Mar 2022 13:13:11 +1300 | Reserve Bank

Paul Conway will join the Reserve Bank of New Zealand – Te Pūtea Matua as Chief Economist/ Director of Economics, Governor Adrian Orr announced today. “I’m delighted to have Paul join the Reserve Bank. He brings a wealth of leadership and experience ...More >>

Reserve Bank Seeks Feedback On Insurance Enforcement And Distress Management

Thu, 10 Mar 2022 10:08:10 +1300 | The Reserve Bank of New Zealand

The Reserve Bank of New Zealand – Te Pūtea Matua – is seeking feedback on the penalties and enforcement tools available when supervising insurers and on its powers to manage distressed insurers. This consultation is the third of five that we are ...More >>

Interim Insurance Solvency Standard Refined By Feedback

Wed, 9 Mar 2022 10:08:06 +1300 | Reserve Bank

The Reserve Bank – Te Pūtea Matua – has published its feedback to responses received on the draft interim solvency standard for insurers, which determines the minimum amounts of capital that insurers must hold. The interim standard is needed ...More >>

Cash System Redesign Essential To Support Changing Usage

Thu, 3 Mar 2022 10:28:20 +1300 | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua says its latest survey underscores the need for deliberate changes to the cash system to keep it resilient and efficient while needed and wanted by New Zealanders. Read the Summary Report: 2021 Cash Use ...More >>

Feedback Sought On Liquidity Policy Review

Mon, 28 Feb 2022 10:22:58 +1300 | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua is seeking feedback on proposed changes to our liquidity policy for registered banks. Liquidity is a measure of the cash and other assets that can be quickly sold at a reliable price to pay bills and ...More >>

Bank Shareholders Will Be Popping The Champagne Corks

Fri, 25 Feb 2022 12:33:42 +1300 | Social Credit

Bank shareholders will be popping the champagne corks and toasting the Reserve Bank for its decision to raise the Official Cash Rate. Banks currently have $40 billion in reserves sitting in their accounts at the Reserve Bank on which the Reserve Bank ...More >>

 
 
 
 
 
 
 

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