Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

December 2006 Reserve Bank Bulletin released

Reserve Bank of New Zealand

13 December 2006, 9:30am

December 2006 Reserve Bank Bulletin released


The Reserve Bank today released the December 2006 issue of the Reserve Bank of New Zealand Bulletin (www.rbnz.govt.nz/research/bulletin).

The first article of this issue considers the role of core inflation statistics and outlines a range of possible calculation methods. The article sets out some characteristics that a core inflation measure might ideally possess and then goes on to assess seven core inflation measures used at the Reserve Bank in light of these criteria. Whilst there are trade-offs involved, the article identifies three measures that appear to meet these criteria better than the others. The Bank intends to report regularly on these three measures in its future Monetary Policy Statements as well as publishing them on its website.

Under the Reserve Bank's local incorporation policy, systemically important banks are now required to incorporate locally to provide a degree of assurance that the Reserve Bank would have the ability to manage a failure affecting one of these banks. The second article provides an outline of this policy and the rationale for it.

The third article briefly discusses the Reserve Bank of New Zealand Amendment Act 2006, passed in October, which makes further amendments to the existing Reserve Bank Act passed in 1989.

The fourth article describes changes to the liquidity management regime that were implemented between July and October of this year, and notes that the system appears to have been functioning more smoothly since the changes.

Finally, this issue includes the Editors' summary of the policy forum held earlier this year to examine New Zealand's macro economic policy frameworks and consider whether alternative, possibly non-conventional, policy tools could be used to provide a smoother ride for the exposed sectors of the economy over the business cycle. The full conference proceedings and papers can be downloaded from the Bank's website (www.rbnz.govt.nz).


ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Panic In The Pacific Over China


For years, it has been no secret that China wants closer security and trade ties with the small nations of the Pacific region. All part of Beijing’s self-image as a global superpower. To that end this week, Chinese Foreign Minister Wang Yi embarked on an unprecedented 10-day tour of the Pacific, aimed at convincing his Pacific hosts to join a cross-Pacific agreement that would let Beijing provide them with high-level police training and security, shared data co-operation and other joint services ranging from agriculture to tourism...
More>>



 
 

Covid-19: Second Vaccine Booster For The Most Vulnerable
People who are at high-risk of getting very sick from a COVID-19 infection will soon be eligible to receive a second booster, COVID-19 Response Minister Chris Hipkins said today... More>>


Crime: Govt Helps Protect Shops From Ram Raids

The Government is providing further support to help Police protect small businesses affected by a spike in ram raids, Minister of Police Poto Williams says... More>>


Government: Investment Boosts Coastal Shipping In Aotearoa
New Zealand is a step closer to a more resilient, competitive, and sustainable coastal shipping sector following the selection of preferred suppliers for new and enhanced coastal shipping services, Transport Minister Michael Wood has announced today... More>>


PM Speech: Harvard University Commencement Speech - Democracy, Disinformation And Kindness

In Te Reo Māori, the language of the indigenous people of New Zealand, I paid tribute to all of the esteemed guests who stand here in this great forest of knowledge. It is a privilege to be here, and I thank you for the honour... More>>

Government: Independent Panel Appointed To Review Electoral Law
Justice Minister Kris Faafoi today announced appointments to the independent panel that will lead a review of New Zealand’s electoral law. “This panel, appointed by an independent panel of experts... More>>


Trade: Prime Minister To Visit United States
Prime Minister Jacinda Ardern is leading a trade mission to the United States this week as part of the Government’s reconnection strategy to support export growth and the return of tourists post COVID-19... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels