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Reserve Bank - Latest News [Page 3]
Reserve Bank Proposes To Ease LVR Restrictions
Wednesday, 26 April 2023, 9:08 am | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua is proposing to ease mortgage loan-to-value ratio (LVR) restrictions. LVR restrictions promote financial stability by limiting high-risk mortgage lending. This is done with the aim of reducing the ... More >>
Risk-Weights For Business Growth Fund Released
Monday, 24 April 2023, 10:37 am | Reserve Bank
The Reserve Bank – Te Pūtea Matua has released its finalised risk weighting under bank capital adequacy rules for exposures to the Business Growth Fund (BGF). The BGF was announced in Budget 2022 to help small and medium businesses access finance. ... More >>
Central Banking And Financial Inclusion
Friday, 21 April 2023, 12:10 pm | Reserve Bank
Remarks by Deputy Governor Christian Hawkesby to the Institute of Directors, Canterbury Branch There is no shortage of challenges as a central banker in the current environment, with domestic and global inflation too high and persistent, and the recent fragilities ... More >>
Demand For Better Housing One Factor In Creating Unsustainable House Prices — Discussion Paper
Thursday, 13 April 2023, 11:57 am | Reserve Bank
The unique nature of housing markets makes them prone to periods of temporarily high price surges followed by price declines, a Discussion Paper says. This Reserve Bank of New Zealand – Te Pūtea Matua research paper examines the reason why housing ... More >>
Official Cash Rate Increased To 5.25
Wednesday, 5 April 2023, 2:02 pm | Reserve Bank
The Monetary Policy Committee today increased the Official Cash Rate (OCR) by 50 basis points, from 4.75 percent to 5.25 percent. The Committee agreed the OCR needs to increase, as previously indicated, to return inflation to the 1-3 percent target ... More >>
Stats Alert: Interim Suspension Of Insurance Sector Data, And New Statistics Highlights Widget On RBNZ Homepage
Wednesday, 29 March 2023, 2:51 pm | Reserve Bank
Interim suspension of insurance sector data On 29 March, the Reserve Bank of New Zealand - Te Pūtea Matua, will discontinue the following Quarterly Insurance Survey publications: Insurance companies: Income statement (J10) and Insurance companies: ... More >>
Feedback Sought On Guidance For Managing Climate-related Risks
Wednesday, 29 March 2023, 9:50 am | Reserve Bank
The Reserve Bank of New Zealand - Te Pūtea Matua is seeking feedback on proposed new guidance for the financial sector on managing climate-related risks. Deputy Governor Christian Hawkesby says the recent upper North Island floods and Cyclone Gabrielle ... More >>
Bank Flooding Risk Assessment Builds Capability And Highlights Climate Data Gaps
Monday, 27 March 2023, 11:03 am | Reserve Bank
An assessment of our largest banks’ residential mortgage exposures to flooding risk has advanced our understanding of the financial stability risks posed by climate change. The results furthered the initial findings published in our November 2022 ... More >>
Reserve Bank Increases Official Cash Rate
Wednesday, 22 February 2023, 2:05 pm | Reserve Bank
The Committee agreed that the OCR still needs to increase, as indicated in the November Statement, to ensure inflation returns to within its target range over the medium term. While there are early signs of price pressure easing, core consumer price inflation ... More >>
Money Creation In New Zealand - Bulletin Article
Tuesday, 31 January 2023, 9:15 am | Reserve Bank
Money plays an essential role in the economy. It allows people to store value over time, exchange with each other, and measure the relative value of things. This Bulletin article describes the monetary base, explains how broad money is created through ... More >>
New Enforcement Framework Completed
Thursday, 26 January 2023, 10:09 am | Reserve Bank
The Reserve Bank of New Zealand - Te Pūtea Matua has published its Enforcement Guidelines and Investigation Guidelines, completing its enhanced Enforcement Framework. Deputy Governor and General Manager of Financial Stability Christian Hawkesby says ... More >>
New Foreign Reserves Framework Agreed By RBNZ And Minister Of Finance
Wednesday, 25 January 2023, 9:20 am | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua and the Minister of Finance have agreed to a new framework for managing foreign reserves. We hold and manage foreign reserves in order to be able to intervene in the New Zealand dollar (NZD) ... More >>
Connected Exposures Policy Review Receives Broad Support
Tuesday, 24 January 2023, 1:22 pm | Reserve Bank
Proposed changes to our policy on exposures of banks we supervise to connected entities have been progressed after a public consultation. Connected exposures are a bank’s exposures to those who are closely related to the bank, such as a bank’s owners ... More >>
Update On Bank Disclosure Statements Assurance Reports
Wednesday, 14 December 2022, 9:50 am | Reserve Bank
On 8 September 2022, we announced that we had made changes to the assurance reports that are required to accompany registered banks’ public disclosure statements. The changes come into force for disclosure statements with reporting dates starting ... More >>
Updated Weights For Trade-Weighted Index
Monday, 12 December 2022, 3:44 pm | Reserve Bank
The annual re-weighting of the Trade-Weighted Index (TWI) takes effect on Tuesday 13 December 2022. The TWI is a measure of the value of the New Zealand dollar relative to the currencies of New Zealand’s major trading partners. There are 17 currencies ... More >>
Retailers Reminded To Train Cash Handlers On Fake Note Detection
Monday, 12 December 2022, 10:05 am | Reserve Bank
“Counterfeit banknotes represent theft from retailers and other everyday Kiwis,” says Graeme Denny, Senior Manager of Cash Services at the Reserve Bank of New Zealand – Te Pūtea Matua, “and sometimes scammers take advantage of busy holiday seasons ... More >>
Preferred Capital Instrument For Mutual Banks Identified
Wednesday, 7 December 2022, 2:27 pm | Reserve Bank
Following a public consultation, we have identified our preferred policy option for mutual banks to issue capital instruments. In December 2019, we published the final decisions from the Capital Review, which focused on improving the quality and ... More >>
Higher Interest Rates Necessary
Wednesday, 23 November 2022, 2:11 pm | Reserve Bank
The Monetary Policy Committee today increased the Official Cash Rate (OCR) from 3.5 percent to 4.25 percent. The Committee agreed that the OCR needs to reach a higher level, and sooner than previously indicated, to ensure inflation returns to within ... More >>
Feedback Sought On Insurance Governance And Supervisory Processes
Tuesday, 15 November 2022, 10:23 am | Reserve Bank
We are seeking feedback on a range of issues relating to how we supervise insurers. This consultation is the last of four topic-specific consultations as part of our review of the Insurance (Prudential Supervision) Act 2010 (IPSA). The review will ... More >>
Monetary Policy In Review 2017-2022
Thursday, 10 November 2022, 9:38 am | Reserve Bank
The Reserve Bank’s review of its monetary policy decisions for the period 2017-2022 was published today, including reports from two independent international experts. Reserve Bank chairman Professor Neil Quigley says the report is robust, identifying ... More >>
