Reserve Bank - Latest News [Page 10]
Further Easing In Monetary Policy Delivered
Wednesday, 12 August 2020, 2:04 pm | Reserve Bank
Tēnā koutou katoa, welcome all. The Monetary Policy Committee agreed to expand the Large Scale Asset Purchase (LSAP) programme up to $100 billion so as to further lower retail interest rates in order to achieve its remit. The eligible assets remain ... More >>
New Assistant Governor To Join Reserve Bank Of New Zealand
Tuesday, 11 August 2020, 3:14 pm | Reserve Bank
The Reserve Bank today announced that Mrs Juliet Tainui-Hernandez has accepted the position of Assistant Governor and General Manager of Transformation and People. Mrs Tainui-Hernandez will complete the Bank’s Senior Leadership Team and be based ... More >>
Banking Post-COVID-19 Requires A Long-term View
Friday, 31 July 2020, 9:18 am | Reserve Bank
How the banking sector chooses to respond to the significant impact caused by the COVID-19 pandemic will have a major influence on how the financial system evolves over the next decade. The pandemic has posed significant challenges to both our economy ... More >>
Reserve Bank Paper Finds Unemployment In One Region Can Affect Another
Wednesday, 29 July 2020, 10:34 am | Reserve Bank
Studying changes in job levels in the Auckland and Waikato regions could provide a more accurate indicator of where the country’s labour market is heading, according to a new Reserve Bank paper. The Analytical Note Regional Labour Market Spillovers ... More >>
Introduction Of Bill Marks Exciting New Phase For Te Pūtea Matua
Tuesday, 28 July 2020, 2:03 pm | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua – has welcomed the introduction of a Bill that sets out the organisation’s future institutional and governance arrangements. The Reserve Bank of New Zealand Bill was introduced to Parliament today ... More >>
Stats Alert - 22 July 2020
Wednesday, 22 July 2020, 2:25 pm | Reserve Bank
In this Stats Alert, users are advised of additional time series to be published in Table B2: Wholesale interest rates . We also advise of a change in the publication date for the June 2020 quarter managed funds survey. Please provide feedback to stats-info@rbnz.govt.nz ... More >>
Reserve Bank Releases Credit Conditions Survey For June 2020
Tuesday, 14 July 2020, 3:06 pm | Reserve Bank
The Reserve Bank is today releasing the results of its Credit Conditions Survey for June 2020. The March Survey was collected in early March and thus reflects the views of respondents prior to the announcement of the COVID-19 alert level system ... More >>
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 >>