Reserve Bank - Latest News [Page 1]

Proposed Approach To Liquidity Policy Review Receives Broad Support

Tuesday, 14 June 2022, 10:15 am | Reserve Bank

The first stage of the Reserve Bank’s Liquidity Policy Review has shown broad support for the review. The objective of our liquidity policy is to strengthen financial stability by lowering the likelihood of liquidity problems affecting the deposit ... More >>

Reserve Bank Details Planned Sales Of New Zealand Government Bonds

Thursday, 9 June 2022, 9:12 am | Reserve Bank

This Financial Markets Statement outlines the operational details of the sales of New Zealand Government Securities purchased under the Large Scale Asset Purchase (LSAP) Programme. On 23 February 2022, the Monetary Policy Committee (MPC) agreed ... More >>

End Of Dividend Restriction Requires Ongoing Prudence

Thursday, 2 June 2022, 10:47 am | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua is normalising the process for banks setting dividend payments, by removing the restrictions placed on the country’s registered trading banks at the height of the COVID-19 pandemic. The removal of restrictions ... More >>

Interim Insurance Solvency Standard Further Refined

Tuesday, 31 May 2022, 3:35 pm | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua is today publishing a ‘review version’ of the insurance interim solvency standard, which determines the minimum amounts of capital that insurers must hold. A review of the insurance solvency standards ... More >>

Independent Report Finds Improvement In Westpac NZ’s Liquidity Management

Monday, 30 May 2022, 5:13 pm | Reserve Bank

An independent report into Westpac NZ’s liquidity risk management has found that it is moving in the right direction as it builds a proactive risk culture. In March 2021 the Reserve Bank of New Zealand - Te Pūtea Matua required Westpac NZ to commission ... More >>

Monetary Conditions Tighten By More And Sooner

Wednesday, 25 May 2022, 2:27 pm | Reserve Bank

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.0 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability and support maximum sustainable employment. ... More >>

Insurance Policyholder Protection Consultation Helps Shape Future Policy

Tuesday, 24 May 2022, 10:14 am | Reserve Bank

Feedback from our consultation on the rules governing policyholder security in our insurance legislation will help to shape the final policy. An important purpose of New Zealand’s insurance legislation is to promote a financially sound insurance ... More >>

Impact Of Russia Sanctions On AML/CFT Reporting Entities

Friday, 18 March 2022, 4:47 pm | Reserve Bank

This morning the Ministry of Foreign Affairs and Trade (MFAT) detailed the individuals, entities, and classes of persons impacted by the Russia Sanctions Act 2022 (the Sanctions Act) that was passed by Parliament on 9 March in response to Russia’s illegal invasion ... More >>

RBNZ Appoints New Director Of Economics And Chief Economist

Thursday, 10 March 2022, 1:13 pm | Reserve Bank

Paul Conway will join the Reserve Bank of New Zealand – Te Pūtea Matua as Chief Economist/ Director of Economics, Governor Adrian Orr announced today. “I’m delighted to have Paul join the Reserve Bank. He brings a wealth of leadership and experience ... More >>

Interim Insurance Solvency Standard Refined By Feedback

Wednesday, 9 March 2022, 10:08 am | Reserve Bank

The Reserve Bank – Te Pūtea Matua – has published its feedback to responses received on the draft interim solvency standard for insurers, which determines the minimum amounts of capital that insurers must hold. The interim standard is needed ... More >>

Cash System Redesign Essential To Support Changing Usage

Thursday, 3 March 2022, 10:28 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua says its latest survey underscores the need for deliberate changes to the cash system to keep it resilient and efficient while needed and wanted by New Zealanders. Read the Summary Report: 2021 Cash Use ... More >>

Feedback Sought On Liquidity Policy Review

Monday, 28 February 2022, 10:22 am | Reserve Bank

The Reserve Bank of New Zealand - Te Pūtea Matua is seeking feedback on proposed changes to our liquidity policy for registered banks. Liquidity is a measure of the cash and other assets that can be quickly sold at a reliable price to pay bills and ... More >>

Tackling Inflation During A Pandemic

Friday, 25 February 2022, 9:10 am | Reserve Bank

Central banks around the world are currently being confronted by a challenge we have not experienced for some time: high and sustained inflationary pressure, Reserve Bank of New Zealand – Te Pūtea Matua – Governor Adrian Orr says in a speech ... More >>

More Tightening Needed

Wednesday, 23 February 2022, 2:15 pm | Reserve Bank

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 1 percent. The Committee also agreed to commence the gradual reduction of the Reserve Bank’s bond holdings under the Large Scale Asset Purchase (LSAP) programme - through ... More >>

Reserve Bank Monetary Policy Committee Reappointments; New Members

Tuesday, 22 February 2022, 3:04 pm | Reserve Bank

Bob Buckle and Peter Harris have been reappointed as external members of the Reserve Bank of New Zealand’s Monetary Policy Committee (MPC), Grant Robertson said. The MPC is responsible for the monetary policy decisions needed to support maximum sustainable ... More >>

Reserve Bank Invites Feedback On Dual Reporting Requirements

Tuesday, 22 February 2022, 10:13 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua is inviting feedback on the dual reporting requirements that follow the Capital Review. We launched our fundamental review of the capital adequacy framework for New Zealand registered banks (the ‘Capital ... More >>

Innovation Key To The Future Of Money And Cash

Tuesday, 8 February 2022, 4:20 pm | Reserve Bank

New Zealand’s money and cash system is at a “cross road” and innovation is necessary to build a sustainable future, Adrian Orr, Governor of the Reserve Bank of New Zealand – Te Pūtea Matua told a conference of Angel Investors in Wellington ... More >>

Monetary Policy Easing And The Distribution Of Wealth In New Zealand

Friday, 4 February 2022, 9:30 am | Reserve Bank

Analytical Note - key findings The paper investigates the effect of monetary policy shocks on the distribution of wealth using a stylised model of the New Zealand economy. We find that a 50 basis point reduction in the OCR leads to a more equal distribution ... More >>

New Reserve Bank Assistant Governor Appointed, Completing Executive Leadership Team

Thursday, 27 January 2022, 12:38 pm | Reserve Bank

Karen Silk has been appointed as the Assistant Governor / General Manager of Economics, Financial Markets and Banking at the Reserve Bank of New Zealand – Te Pūtea Matua. Ms Silk is a highly experienced financial services executive, currently a general ... More >>

Reserve Bank And FMA Finalise FMI Regulatory Framework

Thursday, 20 January 2022, 10:14 am | Reserve Bank

The Reserve Bank of New Zealand – Te Pūtea Matua and the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko have released their finalised framework for assessing the systemic importance of Financial Market Infrastructures (FMIs) following consultation ... More >>

 

 
 
 
 
 

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