Reserve Bank - Latest News [Page 1]

Reserve Bank Embraces Kaitiaki Role In Outlining Its Priorities

Monday, 29 June 2020, 1:14 pm | Reserve Bank

Reserve Bank of New Zealand – Te Pūtea Matua’s Statement of Intent (SOI) for 2020-2023, released today, highlights the Bank’s focus and commitment as the kaitiaki (guardians) of New Zealand’s financial system. Reserve Bank Governor Adrian Orr ... More >>

Monetary Policy Easing To Continue

Wednesday, 24 June 2020, 2:09 pm | Reserve Bank

The Monetary Policy Committee agreed to continue with the Large Scale Asset Purchase (LSAP) programme aimed at keeping interest rates low for the foreseeable future. The LSAP quantum remains set at $60 billion. The assets included are New Zealand ... More >>

Financial System Will Benefit Supporting Economic Recovery

Wednesday, 27 May 2020, 9:05 am | Reserve Bank

Tēnā koutou katoa, welcome all. The financial system is in a solid position to both weather the significant economic impact caused by the COVID-19 pandemic and support New Zealand’s recovery, Reserve Bank Governor Adrian Orr says in releasing ... More >>

Industrial And Commercial Bank Of China Limited Registered As Bank

Monday, 18 May 2020, 10:06 am | Reserve Bank

The Reserve Bank today announced that it has registered Industrial and Commercial Bank of China Limited (“ICBC”) to provide banking services in New Zealand. Industrial and Commercial Bank of China Limited is incorporated in the People’s Republic of ... More >>

Large Scale Asset Purchases Expanded

Wednesday, 13 May 2020, 2:13 pm | Reserve Bank

The Monetary Policy Committee has agreed to significantly expand the Large Scale Asset Purchase (LSAP) programme potential to $60 billion, up from the previous $33 billion limit. The LSAP programme includes NZ Government Bonds, Local Government ... More >>

Reserve Bank Proposes To Remove LVR Restrictions

Tuesday, 21 April 2020, 10:02 am | Reserve Bank

The Reserve Bank is proposing the removal of mortgage loan-to-value ratio (LVR) restrictions in line with the Bank’s financial stability mandate. The proposal is in response to the economic downturn caused by the COVID-19 pandemic. The LVR ... More >>

Longer-term Funding To Support Business Lending

Thursday, 2 April 2020, 9:39 am | Reserve Bank

The Reserve Bank is introducing a Term Lending Facility (TLF), a new longer-term funding scheme for the banking system, in support of the Government’s Business Finance Guarantee Scheme to help promote lending to businesses. The TLF is similar ... More >>

Cyber Incident Cost Estimates And The Importance Of Building Resilience

Tuesday, 25 February 2020, 1:15 pm | Reserve Bank

Cyber-attacks could cost New Zealand’s financial sector more than $100 million a year on average according to a new Reserve Bank bulletin article, highlighting the need for industry resilience to counter these threats. Part of an expanding programme ... More >>

Reserve Bank launches streamlined whistleblowing policy

Monday, 10 February 2020, 10:14 am | Reserve Bank

The Reserve Bank of New Zealand (RBNZ) has streamlined its external whistleblowing policy for those employed by regulated entities. More >>

MPS, OCR and FSR dates for 2021

Friday, 7 February 2020, 2:57 pm | Reserve Bank

The Reserve Bank today announced the 2021 dates for releasing its quarterly Monetary Policy Statements (MPS), Official Cash Rate (OCR) decisions, and the six-monthly Financial Stability Reports (FSR). More >>

RBNZ Monetary Policy Handbook recognised for transparency

Friday, 7 February 2020, 10:06 am | Reserve Bank

The Reserve Bank of New Zealand has won the ‘Transparency Award’ at the Central Banking Publications annual awards for its work on the Monetary Policy Handbook More >>

Employment and hours worked adjustment in NZ's labour market

Monday, 3 February 2020, 11:02 am | Reserve Bank

When economic growth slows or declines, firms often need to reduce the amount of labour that they utilise. Firms can make this adjustment either by reducing the number of people they employ, or by reducing the number of hours that their employees work. ... More >>

The Global Economy and New Zealand

Wednesday, 29 January 2020, 10:45 am | Reserve Bank

Understanding the impact of the global economy and its effects on New Zealand are critical to the Reserve Bank when it considers Monetary Policy. More >>

Using job transitions data as a labour market indicator

Tuesday, 28 January 2020, 10:57 am | Reserve Bank

The Reserve Bank of New Zealand (RBNZ) is now mandated to support the maximum sustainable level of employment. This new objective has lead us to look for new sources of data that allow us to better understand and predict labour market outcomes. More >>

Interest rate benchmark reform

Tuesday, 28 January 2020, 10:00 am | Reserve Bank

The Reserve Bank of New Zealand supports the selection of the Official Cash Rate (OCR) as New Zealand’s fall-back benchmark interest rate. More >>

Life insurance sector explored in latest Bulletin article

Wednesday, 22 January 2020, 10:09 am | Reserve Bank

The aggregate solvency ratio of New Zealand’s life insurance sector has declined in recent years, raising questions about the ability of some insurers to cope in the event of an adverse shock. More >>

Capital Review background papers and response to submissions

Thursday, 19 December 2019, 2:09 pm | Reserve Bank

The Reserve Bank of New Zealand has released background materials and papers to its final decisions on the Capital Review, along with its response to submissions on the fourth and final consultation paper,  How much capital is enough? More >>

Reserve Bank welcomes decision on future objectives

Wednesday, 18 December 2019, 11:19 am | Reserve Bank

The Reserve Bank welcomes the Government’s decisions on its future role and responsibilities as part of Phase 2 of the review of the Reserve Bank of New Zealand Act. More >>

Future of Cash Use - Summary of feedback published

Monday, 16 December 2019, 4:49 pm | Reserve Bank

The Reserve Bank – Te Pūtea Matua has published a summary of nearly 2300 items of feedback received on its issues paper “ The Future of Cash Use - Te Whakamahinga Moni Anamata ” which was open for public consultation between 19 June and 31 August ... More >>

Updated weights for Trade-Weighted Index

Thursday, 12 December 2019, 5:08 pm | Reserve Bank

The annual re-weighting of the Trade-Weighted Index (TWI) takes effect on Friday 13 December 2019. More >>

 

 
 
 
 
 

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