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Reserve Bank - Latest News [Page 31]
OCR remains unchanged at 2.5 percent
Thursday, 29 October 2009, 9:33 am | Reserve Bank
Reserve Bank Governor Alan Bollard said: "There are welcome signs that economic activity is growing again. More >>
Some crisis liquidity facilities to be removed
Wednesday, 14 October 2009, 10:43 am | Reserve Bank
Some temporary crisis liquidity facilities to be removed The Reserve Bank announced today that it will be removing and consolidating some of the temporary emergency liquidity facilities put in place during the financial crisis in 2008. The specific ... More >>
Reserve Bank releases 2008-09 Annual Report
Friday, 9 October 2009, 9:38 am | Reserve Bank
New Zealand has escaped major damage in the worst global financial crisis in decades, but the experience has highlighted imbalances and vulnerabilities, the Reserve Bank says in its 2008-2009 Annual Report released today. "Prior to the crisis, households ... More >>
Reserve Bank saves $60,000 through energy use
Wednesday, 30 September 2009, 2:09 pm | Reserve Bank
The Reserve Bank is saving at least $60,000 pa because of new energy efficiency solutions introduced at its Wellington office. More >>
Reserve Bank Bulletin released
Wednesday, 30 September 2009, 10:20 am | Reserve Bank
Strengthening the economy in light of the economic and financial crisis, and lessons that can be learned from history, are the focus of the September 2009 Reserve Bank of New Zealand Bulletin, released today. The issue opens with an article by Kevin ... More >>
Medals of Sir Edmund Hillary on display
Tuesday, 22 September 2009, 10:24 am | Reserve Bank
The Reserve Bank Museum is hosting an exhibition of the orders, decorations and medals of the late Sir Edmund Hillary, KG, ONZ, KBE. The exhibition reflects a lifetime of extraordinary achievements that included the first ascent of Mount Everest, the ... More >>
OCR unchanged at 2.5 percent
Thursday, 10 September 2009, 9:51 am | Reserve Bank
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: "There is more evidence that the decline in economic activity is coming to an end, and that a patchy recovery is underway. ... More >>
New Discussion Papers available on RBNZ website
Tuesday, 8 September 2009, 2:53 pm | Reserve Bank
The following Discussion Papers have been released on the Reserve Bank's website. The discussion papers are available at http://www.rbnz.govt.nz/research/discusspapers/ Abstract This paper estimates a medium-scale DSGE model with search unemployment ... More >>
New bank registered
Tuesday, 1 September 2009, 9:57 am | Reserve Bank
The Reserve Bank today announced that Baroda (New Zealand) Limited has been registered as a bank in New Zealand. The bank, which is a subsidiary of Bank of Baroda (India), will be changing its name to Bank of Baroda (New Zealand) Limited before it commences ... More >>
Developing stratified housing price measures
Friday, 7 August 2009, 10:52 am | Reserve Bank
Widely used measures of growth in mean or median housing prices will reflect changes in the composition of dwellings sold as well as changes in demand and supply conditions. Using a suburb-level dataset from the Real Estate Institute of New Zealand we use ... More >>
First exemption notice for deposit takers
Thursday, 6 August 2009, 5:04 pm | Reserve Bank
The Reserve Bank announced today that it is exempting certain deposit takers from having a mandatory credit rating, under Part 5D of the Reserve Bank of New Zealand Act 1989. More >>
OCR unchanged at 2.50 percent
Thursday, 30 July 2009, 9:52 am | Reserve Bank
Reserve Bank Governor Alan Bollard said: "Despite signs of a leveling off in economic activity, the economy remains weak. We continue to expect to see a patchy recovery get underway toward the end of the year, but it will be some time before growth returns ... More >>
75 years for the Reserve Bank of New Zealand
Wednesday, 15 July 2009, 2:42 pm | Reserve Bank
In August 2009 the Reserve Bank of New Zealand marks its 75th year of operations, three quarters of a century that span some of New Zealand's most tumultuous decades. The Reserve Bank was founded in response to developments in the early twentieth century. ... More >>
Potential impact of Swine 'Flu low
Tuesday, 14 July 2009, 1:20 pm | Reserve Bank
The Reserve Bank today released a paper on the potential impact of influenza A (H1N1) (Swine 'Flu) on the New Zealand economy. Reserve Bank Assistant Governor John McDermott said: "We appreciate there is a real human cost to influenza, as this strain is already ... More >>
Savings, investment key to recovery
Tuesday, 14 July 2009, 10:49 am | Reserve Bank
Household savings, investment in the tradable sector, and deeper funding markets are the key to New Zealand's economic recovery, Reserve Bank Governor Alan Bollard told a Hawke's Bay business audience today. "Early signs of global recovery have ... More >>
New Zealand bank funding costs and margins
Monday, 6 July 2009, 10:13 am | Reserve Bank
Reserve Bank Governor Alan Bollard said: "We have released this analysis to respond to a number of questions we have received regarding our stance on what room there still is for interest rate cuts. More >>
Prudential Liquidity policy for banks released
Tuesday, 30 June 2009, 4:34 pm | Reserve Bank
The Reserve Bank today announced the release of its prudential liquidity policy for banks. More >>
Reserve Bank Bulletin released 26/06/09
Friday, 26 June 2009, 12:40 pm | Reserve Bank
Forecasting the New Zealand economy is the main focus of the June 2009 Reserve Bank of New Zealand Bulletin, released today. The issue opens with an article by Kirdan Lees describing Kiwi Inflation Targeting Technology (KITT), the new Reserve Bank ... More >>
Downturn may be nearing end, recovery not assured
Wednesday, 17 June 2009, 1:56 pm | Reserve Bank
Households, businesses, banks and policy-makers should be thinking how they can influence recovery and ensure it is sustainable, Reserve Bank Governor Alan Bollard said today. More >>
OCR unchanged at 2.5 percent
Thursday, 11 June 2009, 9:39 am | Reserve Bank
Reserve Bank Governor Alan Bollard said: "The economic outlook remains weak both in New Zealand and in other countries. However, there are signs that international economic activity is stabilising, and international financial conditions are improving. ... More >>
