Reserve Bank - Latest News [Page 32]
New RBNZ Discussion Papers available on website
Wednesday, 10 June 2009, 10:55 am | Reserve Bank
We apply data-rich factor and shrinkage methods to understand how large international datasets can be used to improve forecasts of New Zealand GDP. We find that exploiting a large number of international predictors can improve forecasts compared to more ... More >>
Global financial crisis still affecting NZ - RBNZ
Wednesday, 13 May 2009, 9:32 am | Reserve Bank
"Despite the recent pick-up in world equity markets, New Zealand continues to be impacted by the global financial crisis," Deputy Governor, Grant Spencer, said today when releasing the Reserve Bank's May 2009 Financial Stability Report. "Major government ... More >>
OCR reduced to 2.5 percent
Thursday, 30 April 2009, 9:33 am | Reserve Bank
The Reserve Bank today reduced the Official Cash Rate (OCR) by 50 basis points to 2.5 percent. Reserve Bank Governor Alan Bollard said: "Overall, developments since March point to lower medium-term inflation than previously projected. The main factors ... More >>
Draft Insurance Bill released for consultation
Monday, 20 April 2009, 3:43 pm | Reserve Bank
The Reserve Bank today announced the release of a draft Insurance (Prudential Supervision) Bill for stakeholder consultation. More >>
Long-term interest rates out of line with RBNZ
Wednesday, 1 April 2009, 9:30 am | Reserve Bank
Reserve Bank Governor Alan Bollard today expressed concern over the recent strength of long-term wholesale interest rates. "As we said in our 12 March Monetary Policy Statement, the economic recovery is expected to be very gradual. Furthermore, the ... More >>
Ensuring the future health of the finance sector
Tuesday, 31 March 2009, 3:28 pm | Reserve Bank
Everyone including depositors, the Reserve Bank, trustees and non-bank deposit takers has a role in ensuring the future health of the finance sector, Reserve Bank Head of Prudential Supervision, Toby Fiennes, said today. Speaking to a business audience, ... More >>
Reserve Bank of New Zealand Bulletin - March 2009
Friday, 27 March 2009, 10:38 am | Reserve Bank
The Reserve Bank today released the March 2009 issue of the Reserve Bank of New Zealand Bulletin. The first article discusses the financial vulnerability in the household sector. Between 2001 and 2008, aggregate household debt more than doubled, alongside ... More >>
OCR reduced to 3 percent
Thursday, 12 March 2009, 9:31 am | Reserve Bank
The Reserve Bank today reduced the Official Cash Rate (OCR) by 50 basis points to 3 percent. More >>
Reserve Bank Monetary Policy Challenge
Monday, 9 March 2009, 2:55 pm | Reserve Bank
Entries have opened for the Reserve Bank of New Zealand 2009 Monetary Policy Challenge. The Challenge is open to all New Zealand senior secondary school economics students. It is designed to expand students' understanding of monetary policy and links to ... More >>
Dr Bollard's speech to the 2009 Job Summit
Friday, 27 February 2009, 10:50 am | Reserve Bank
Reserve Bank Governor Alan Bollard delivered a speech entitled "World recession and how we cope" to the 2009 Job Summit in Auckland today. More >>
Bollard: Coping with global economic stresses
Friday, 30 January 2009, 4:20 pm | Reserve Bank
Alan Bollard and Tim Ng1 An address to the Canterbury Employers’ Chamber of Commerce More >>
NZ needs to be ready for recovery
Friday, 30 January 2009, 2:28 pm | Reserve Bank
New Zealand will be better prepared for economic recovery if households, firms and banks do not "pull down the shutters", Reserve Bank Governor Alan Bollard said today. More >>
(OCR) reduced from 5.0 percent to 3.5 percent
Thursday, 29 January 2009, 9:25 am | Reserve Bank
Reserve Bank Governor Alan Bollard commented that "the news coming from our trading partners is very negative. The global economy is now in recession and the outlook for international growth has been marked down considerably since our December Monetary ... More >>
Live Video Feed: Reserve Bank OCR Press Conference
Wednesday, 28 January 2009, 10:47 pm | Reserve Bank
Live Video feed from Reserve Bank of New Zealand. A press conference to announce an OCR interest rate review will be carried here live shortly after 9am tomorrow morning NZT. More >>
December 2008 Reserve Bank Bulletin released
Friday, 19 December 2008, 12:19 pm | Reserve Bank
The Reserve Bank today released the December 2008 issue of the Reserve Bank of New Zealand Bulletin. More >>
Latest Reserve Bank Of NZ Discussion Papers
Thursday, 18 December 2008, 5:01 pm | Reserve Bank
Inheritances and their impact on housing equity withdrawal ; Does natural rate variation matter? Evidence from New Zealand ; Combining Forecast Densities from VARs and Uncertain Instabilities ; The evolution of the Forecasting and Policy System (FPS) at the Reserve ... More >>
OCR reduced to 5.0 percent
Thursday, 4 December 2008, 9:11 am | Reserve Bank
The Reserve Bank today reduced the Official Cash Rate (OCR) from 6.5 percent to 5.0 percent. Reserve Bank Governor Alan Bollard commented that "ongoing financial market turmoil and the marked deterioration in the outlook for global growth have played ... More >>
NZ's financial systems hold up well, says RBNZ
Wednesday, 12 November 2008, 10:49 am | Reserve Bank
New Zealand's financial and payments systems have held up well in the face of extreme disorder within the international financial markets, Governor Alan Bollard said today, when releasing the Bank's November 2008 Financial Stability Report. More >>
NZ Wholesale Funding Guarantee Facility
Saturday, 1 November 2008, 1:15 pm | Reserve Bank
Facilitate access to international financial markets by New Zealand financial institutions, in a global environment where international investors remain highly risk averse and where many other governments have offered guarantees on their banks’ wholesale ... More >>
Wholesale Guarantee Facility - Details
Saturday, 1 November 2008, 1:14 pm | Reserve Bank
Following the announcement by the Minister of Finance that the Crown will offer a wholesale funding guarantee facility to investment-grade financial institutions in New Zealand, the Treasury and the Reserve Bank have today released further details ... More >>