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).


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On How America’s Middle East Allies Are Poisoning The Ground Joe Biden Will Inherit

As even the US mainstream media has been reporting, the prime motive for the murder of Iran’s top nuclear scientist Dr. Mohsen Fakhrizadeh (by Israeli or Saudi operatives, or both) has been to poison the situation that the next US president will inherit. At best, there was only an outside chance that the incoming Biden administration and the outgoing liberal regime of Iranian PM Hassan Rouhani could have revived the Iran anti-nuclear deal that Rouhani had negotiated in 2015 with Barack Obama. Deliberately though, America’s allies have now made it impossible for Biden to pursue that option... More>>


Pill Testing: Govt Moves On Drug Checking To Keep Young New Zealanders Safer This Summer

The Government will pass time limited legislation to give legal certainty to drug checking services, so they can carry out their work to keep New Zealanders safer this summer at festivals without fear of prosecution, Health Minister Andrew Little ... More>>


WorkSafe: 13 Parties Charged Over Whakaari/White Island Tragedy

WorkSafe New Zealand today filed charges against 13 parties in relation to the Whakaari/White Island eruption in December last year. “22 people have lost their lives in this tragic event. WorkSafe is tasked with investigating workplace incidents to determine ... More>>


Pay Gap: Progress On Pay Equity For DHB Staff

Today’s initial agreement between DHBs and the PSA on pay equity for clerical and administration staff is an important step toward better, fairer pay for this crucial and largely female workforce, Health Minister Andrew Little says. More>>


Media: Stuff Holds Itself Accountable For Wrongs To Māori

Stuff has today published the results of an investigation into itself, and issued a public apology, for the way the media organisation has portrayed Māori, the indigenous people of Aotearoa New Zealand, from its first editions to now. Tā Mātou Pono | More>>


New Zealand Government: To Declare A Climate Emergency

The Government will declare a climate emergency next week, Climate Change Minister James Shaw said today. “We are in the midst of a climate crisis that will impact on nearly every aspect of our lives and the type of planet our children will inherit ... More>>


Economy: Crown Accounts Reflect Govt’s Careful Economic Management

The better-than-expected Crown accounts released today show the Government’s careful management of the COVID-19 health crisis was the right approach to support the economy. As expected, the Crown accounts for the year to June 2020 show the operating balance ... More>>





InfoPages News Channels