Reserve Bank - Latest News [Page 1]

Kua Whakatūria He Rōpū Kaipēke Māori Bankers Rōpū Established

Monday, 18 October 2021, 11:11 am | Reserve Bank

Māori Leaders From The Banking Sector Have Established The First Māori Bankers Rōpū (group), Known As Tāwhia, To Share Ideas And Deepen The Understanding Of Key Issues For Māori Within The More >>

Views Sought On Enforcement Framework

Wednesday, 13 October 2021, 10:19 am | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua is seeking views on its enforcement framework to promote confidence in compliance across the sectors we regulate. “The Reserve Bank’s Enforcement Department was established in March 2021 to help us ... More >>

RBNZ Senior Leadership Team Structure

Friday, 8 October 2021, 4:15 pm | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua is adjusting the structure of its Senior Leadership Team. Governor Adrian Orr says the Reserve Bank is well advanced in its transformation to meet its new mandate. “We are aware of our future governance ... More >>

Christian Hawkesby Appointed RBNZ Deputy Governor

Wednesday, 6 October 2021, 3:32 pm | Reserve Bank

Christian Hawkesby has been appointed as Deputy Governor of the Reserve Bank of New Zealand – Te Pūtea Matua - taking up the role in January 2022. Mr Hawkesby, who is currently the Assistant Governor / General Manager of Economics, Financial ... More >>

Monetary Stimulus Further Reduced - Official Cash Rate Raised To 0.50 Percent

Wednesday, 6 October 2021, 1:57 pm | Reserve Bank

The Monetary Policy Committee agreed to increase the Official Cash Rate (OCR) to 0.50 per cent. Consistent with their assessment at the time of the August Statement, it is appropriate to continue reducing the level of monetary stimulus so as to maintain ... More >>

Change Of Interim Solvency Standard Implementation Date

Tuesday, 5 October 2021, 2:39 pm | Reserve Bank

In July the Reserve Bank – Te Pūtea Matua ran a consultation on an interim Solvency Standard for insurers, which determines the minimum amounts of capital that insurers must hold. During our consultation we became aware that many insurers might find ... More >>

Maintaining Focus On Economic Wellbeing And Prosperity

Monday, 4 October 2021, 11:01 am | Reserve Bank

Over the past year Te Pūtea Matua - the Reserve Bank of New Zealand has delivered on its role as kaitiaki (guardian) of Aotearoa New Zealand’s financial system. Central to this has been meeting our ongoing mandates and growing our capabilities ... More >>

Reserve Bank Consults On The Future Of Money

Thursday, 30 September 2021, 9:14 am | Reserve Bank

“Commercial banks, the wider cash industry and Te Pūtea Matua (the Reserve Bank) need to seize opportunities and innovate to ensure that the cash, money and ways to pay continue to serve New Zealanders’ needs,” says Assistant Governor Christian ... More >>

Reserve Bank Tightens LVR Restrictions

Thursday, 23 September 2021, 10:10 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua will proceed with its proposal to tighten Loan-to-Value Ratio (LVR) restrictions on lending to owner-occupiers to reduce risky mortgage lending. From 1 November 2021, we will be restricting the amount ... More >>

A least regrets approach to uncertainty: Hawks, Doves and the White Heron (he Kōtuku)

Tuesday, 21 September 2021, 9:11 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua makes decisions about official interest rates in a way that is robust in the face of uncertainty about the economy, Reserve Bank Assistant Governor Christian Hawkesby says in a speech published today*. ... More >>

Thematic review of bank liquidity identifies areas for improvement

Wednesday, 8 September 2021, 2:00 pm | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua has undertaken a thematic review of banks’ compliance with our liquidity policy, identifying a range of system, controls and risk management weaknesses as well as areas of good practice that the ... More >>

Deputy Governor Geoff Bascand departing Bank in early 2022

Tuesday, 7 September 2021, 12:05 pm | Reserve Bank

Deputy Governor and General Manager Financial Stability Geoff Bascand will leave the Reserve Bank of New Zealand – Te Pūtea Matua in early 2022. More >>

Tighter LVRs proposed to reduce risky mortgage lending

Friday, 3 September 2021, 10:11 am | Reserve Bank

The Reserve Bank – Te Pūtea Matua – is seeking views on its proposal to reduce risky mortgage lending by further reducing the amount of high Loan-to-Value Ratio (LVR) lending to owner-occupiers. “We propose restricting the amount of lending ... More >>

Reserve Bank welcomes High Court decision penalising TSB

Tuesday, 31 August 2021, 11:38 am | Reserve Bank

The Reserve Bank - Te Pūtea Matua welcomes the High Court’s decision to impose a civil penalty on TSB Bank Limited for breaches of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act). More >>

Reserve Bank invites feedback on insurance protection

Tuesday, 31 August 2021, 10:01 am | Reserve Bank

The Reserve Bank – Te Pūtea Matua – is seeking engagement on its insurance policyholder security consultation which discusses whether the current legislation gives policyholders the protection that they expect. More >>

Mortgage rates move with official interest rates

Monday, 30 August 2021, 9:17 am | Reserve Bank

Home loan borrowers start to feel the initial impact of a rise or fall in official interest rates within a month, but the biggest impact on mortgage rates takes about six months. More >>

COVID-19 Level 4 Essential Services – Financial Sector

Thursday, 26 August 2021, 2:11 pm | Reserve Bank

New Zealand is at Alert Level 4. Financial services are not included as ‘Alert level 4 businesses or services’ in the Public Health Response (Alert Level Requirements) Order (No 9) 2021. However, the Director General of Health has declared that: Registered ... More >>

RBNZ’s Additional Monetary Policy toolkit- RAMPed up

Wednesday, 25 August 2021, 9:20 am | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua rapidly developed and introduced additional monetary policy (AMP) tools in the wake of the COVID-19 pandemic in 2020. This Reserve Bank Bulletin brings together details of the new tools and how they ... More >>

House prices above sustainable levels

Thursday, 19 August 2021, 9:36 am | Reserve Bank

House prices are above their sustainable level the Reserve Bank – Te Pūtea Matua – says. In comments prepared for a hearing of the Finance and Expenditure Committee, Reserve Bank Governor Adrian Orr said New Zealand’s house prices are above a level ... More >>

Official Cash Rate on hold at 0.25 percent

Wednesday, 18 August 2021, 2:00 pm | Reserve Bank

The Monetary Policy Committee agreed to retain the current stimulatory level of monetary settings, keeping the Official Cash Rate (OCR) at 0.25 per cent for now. Today’s decision was made in the context of the Government’s imposition of Level ... More >>