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Latest Reserve Bank Headlines
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 >>
New Zealand’s Financial System Resilience Compares Well With Advanced Economies’
Mon, 30 Oct 2023 10:27:05 +1300 | Reserve Bank
Advanced economies’ financial systems have been largely resilient to risks arising from higher interest rates so far. However, the full impact is still to be seen and some areas of concern are emerging, according to an extract from the upcoming Reserve ...More >>
ESAS Access Review - Summary Of Submissions And Reserve Bank Response
Thu, 19 Oct 2023 13:50:38 +1300 | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand - Te Pūtea Matua is part-way through a review of access eligibility criteria to use our Exchange Settlement Account System (ESAS). Banks, other major institutions, and the Reserve Bank use ESAS to settle transactions ...More >>
RBNZ Releases Annual Report 2023
Thu, 12 Oct 2023 10:12:52 +1300 | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua has today published its Annual Report covering the year from 1 July 2022 to 30 June 2023. Board Chair Professor Neil Quigley says the past year marked a significant turning point in the history ...More >>
OCR At 15-year High Spells More Mortgage Misery
Wed, 4 Oct 2023 15:29:00 +1300 | New Zealand National Party
The Reserve Bank’s decision today to hold the Official Cash Rate at a 15-year record high is bad news for Kiwi mortgage holders, National’s Finance spokesperson Nicola Willis says. “The decision today to keep the OCR at 5.5 per cent means New ...More >>
ACT Is The Only Party Serious About Tackling Inflation
Wed, 4 Oct 2023 14:15:13 +1300 | ACT New Zealand
“New Zealand’s economy is stuck in the mud. The Reserve Bank has decided to hold the Official Cash Rate for this cycle, but until there’s a government which cuts wasteful spending and eases the pressure on inflation there will be no relief ...More >>
Kiwis Still Paying The Price For Years Of Government Mismanagement
Wed, 4 Oct 2023 14:12:09 +1300 | New Zealand Taxpayers' Union
Responding to news that the OCR has remained at 5.5%, Taxpayers’ Union Policy Adviser, James Ross, said: “Kiwis struggling under the cost-of-living crisis will be hurting today after hearing that the Official Cash Rate (OCR) is still frozen ...More >>
Liquidity: One Word, Three Meanings
Wed, 13 Sep 2023 11:05:38 +1200 | The Reserve Bank of New Zealand
There are at least 3 types of liquidity and we at Te Pūtea Matua have an interest in all of them, Reserve Bank of New Zealand, Assistant Governor Karen Silk said today. In a speech delivered at the ANZ-KangaNews New Zealand Capital Market Summit in Auckland, ...More >>
RBNZ And FMA Governance Thematic Review Outlines Good Practices And Areas For Improvement
Tue, 5 Sep 2023 09:32:21 +1200 | Reserve Bank
A cross-sector thematic review of regulated entities’ governance practices by the Reserve Bank of New Zealand (RBNZ) – Te Pūtea Matua and the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko has highlighted the need for boards to ...More >>
Evolving Financial Services Regulation Brings RBNZ Closer To International Best Practice
Mon, 4 Sep 2023 10:58:53 +1200 | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua has been part of a seismic shift in financial services regulation, Director of Enforcement and Resolution Kerry Beaumont says in a speech published today. Central banks emerged from being the strongest ...More >>
On Using Contractors As An Election Bogey
Tue, 29 Aug 2023 11:58:01 +1200 | Gordon Campbell
The demonising of consultants and contractors in the public service assumes that their functions can readily be added to the work burdens of the existing permanent public sector staff without there being any cuts to the range or the quality of social ...More >>
