Latest Reserve Bank Headlines

Reserve Bank Retains Some Dividend Restrictions And Expects Banks To Be Prudent

Wed, 31 Mar 2021 09:35:53 +1300 | The Reserve Bank of New Zealand

The Reserve Bank of New Zealand - Te Pūtea Matua - is easing the dividend restrictions placed on retail banks at the height of the COVID-19 pandemic. The changes will allow banks to pay up to a maximum of 50% of their earnings as dividends to their shareholders. ...More >>

RBNZ Takes Action Over Weaknesses In Westpac NZ’s Risk Governance

Wed, 24 Mar 2021 09:38:45 +1300 | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua has raised concerns around Westpac New Zealand’s risk governance processes and has instructed the bank to commission two independent reports to address them. “We have experienced ongoing compliance ...More >>

Latest Statistics Update

Tue, 23 Mar 2021 14:23:55 +1300 | Reserve Bank

The RBNZ has further updated our statistics release calendar to reinstate publications throughout March and April. We continue to return towards our normal schedule for banking and other financial data. We can now confirm a new publication date for the ...More >>

Minding Our Business: Drivers Of New Zealand Business Investment Over The Last 20 Years

Wed, 10 Mar 2021 15:11:37 +1300 | The Reserve Bank of New Zealand

This Analytical Note aims to understand the drivers of business investment in New Zealand over the past 20 years. Business investment is important because it is a significant component of New Zealand’s economy and a key determinant of our economy’s ...More >>

Some Temporary Liquidity Facilities To Be Removed

Wed, 10 Mar 2021 11:23:56 +1300 | Reserve Bank

The Reserve Bank – Te Pūtea Matua today announced that it will be removing some of the temporary liquidity facilities put in place during the COVID-19 pandemic. The specific measures include: The removal of the Term Auction Facility (TAF) where ...More >>

Insurance Solvency Standards Refined By Feedback

Thu, 4 Mar 2021 11:06:58 +1300 | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua has released its decisions in response to submissions received on the Insurance Solvency Standards Principles and Timeline consultation launched late last year. The Reserve Bank commenced the Insurance ...More >>

Some Policy Lessons From A Year Of COVID-19

Thu, 4 Mar 2021 09:39:11 +1300 | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing ...More >>

How Are Policymakers Dealing With Red-Hot Property Bubble?

Thu, 4 Mar 2021 06:51:30 +1300 | Kalkine

Summary The government and the Reserve Bank are leaving no stone unturned to calm the overheating housing market fuelled by record-high property prices. The policymakers are adopting various methods to tackle the housing crisis, like adding housing to ...More >>

Robertson Adopts ACT Policy

Thu, 25 Feb 2021 10:37:22 +1300 | ACT New Zealand

“ Four months ago ACT suggested the Reserve Bank should be made to use monetary policy to impact house price inflation and today the Government agreed,” says ACT Housing spokesperson Brooke van Velden. “ACT led this debate, followed by the National ...More >>

RBNZ Supports Focus On Housing

Thu, 25 Feb 2021 09:57:13 +1300 | The Reserve Bank of New Zealand

The Reserve Bank – Te Pūtea Matua welcomes the direction it has received today from the Minister of Finance. The Bank is tasked with considering how it can contribute to the Government’s housing policy objectives, consistent with its financial stability ...More >>

Reserve Bank Bets Against The Economy

Wed, 24 Feb 2021 14:59:57 +1300 | ACT New Zealand

“Reserve Bank Governor Adrian Orr clearly doesn’t share this Government’s confidence in the economy,” says ACT Leader David Seymour. “By announcing today that he will maintain the current stimulatory level of monetary settings the Governor ...More >>

Prolonged Monetary Stimulus Necessary

Wed, 24 Feb 2021 14:07:13 +1300 | The Reserve Bank of New Zealand

The Monetary Policy Committee agreed to maintain the current stimulatory level of monetary settings in order to meet its consumer price inflation and employment remit. The Committee will keep the Official Cash Rate (OCR) at 0.25 percent, and the Large ...More >>

Financial Stability Strengthened By Firmer LVR Restrictions

Tue, 9 Feb 2021 10:02:06 +1300 | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua is putting in place more stringent loan-to-value ratio (LVR) restrictions to reduce the risks to financial stability caused by high-risk mortgage lending. The LVR restrictions do not apply to new residential ...More >>

Terms Of Reference For Independent Review Of Data Breach

Fri, 29 Jan 2021 10:13:29 +1300 | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua has released the Terms of Reference for an independent KPMG review of Bank processes following the malicious illegal breach of a third-party file sharing application. Governor Adrian Orr says the review ...More >>

Strong And Growing Māori Economy

Thu, 28 Jan 2021 09:36:19 +1300 | BERL

The Māori economy is integral to the economic ecosystem of Aotearoa, with business activity, employment, and assets across a wide range of industries and sectors, a report produced by Business and Economic Research Limited (BERL) in partnership with ...More >>

E Hauora Ana, E Matahuhua Ana Te Ōhanga Māori, E Ai Ki Ngā Rangahau

Thu, 28 Jan 2021 09:26:58 +1300 | Reserve Bank

Ka nui te āhua matahuhua o te ōhanga Maori, waihoki he maha hoki ngā whāinga wāhi e tupu tonu ai ia ki tōna tino teitei, e ai ki ngā kitenga a tētahi pūrongo nā Te Pūtea Mātua The Reserve Bank of New Zealand rāua ko tana hoa kōtui, a ...More >>

Reserve Bank Of New Zealand Making Good Progress On Addressing Data Breach

Fri, 22 Jan 2021 13:05:25 +1300 | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua investigation into the malicious illegal breach of a third-party file sharing application has significantly progressed. Governor Adrian Orr says the investigation remains the Bank’s highest priority, ...More >>

Orr’s 3pm Friday Apology For Data Snafu Anything But Upfront

Fri, 15 Jan 2021 15:39:57 +1300 | New Zealand Taxpayers' Union

The Reserve Bank Governor’s apology and claim he will ‘own the issue’ is laughable given the lack of answers and timing of its release. Jordan Williams, a spokesman for the Taxpayers’ Union said: “It’s been five days since they came clean, ...More >>

Reserve Bank Of New Zealand Committed To Action As It Responds To Data Breach

Fri, 15 Jan 2021 14:06:37 +1300 | Reserve Bank

The Governor of the Reserve Bank of New Zealand, Adrian Orr, says the recent malicious and illegal breach of a file sharing application used by the Bank is significant, and has our full attention. Mr Orr says New Zealand’s financial system and institutions ...More >>

Gordon Campbell On The Excessive Secrecy Surrounding Cyber Hacks, And Some Lost Soul Legends

Mon, 11 Jan 2021 11:39:37 +1300 | Gordon Campbell

W ell, apart from the who, why and how of it, the recent hack of the Reserve Bank’s computer security defences seems crystal clear. It happened. It happened about five months or so after the computer systems at the New Zealand Stock Exchange and several ...More >>


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