Reserve Bank - Latest News [Page 8]
Monetary Stimulus Reduced
Wednesday, 14 July 2021, 2:01 pm | Reserve Bank
The Monetary Policy Committee agreed to reduce the current stimulatory level of monetary settings in order to meet its consumer price and employment objectives over the medium-term. The Reserve Bank will halt additional asset purchases under the ... More >>
Reserve Bank Confirms Consultations “Key To The Future Of How New Zealanders Pay And Save”
Wednesday, 7 July 2021, 5:09 pm | Reserve Bank
“The Reserve Bank of New Zealand – Te Pūtea Matua will be consulting extensively over the remainder of 2021 on issues key to the future of how New Zealanders pay and save, driven by its new stewardship mandate for cash and a broader currency system ... More >>
Tide Going Out On Pacific Banking Services
Thursday, 1 July 2021, 10:22 am | Reserve Bank
The tide is going out on international banking services for Pacific island nations, which could make trade, investment and sending money home more difficult and expensive. Trade, foreign investment and remittance payments for Pacific nations all rely on ... More >>
Reserve Bank Finalises Bank Capital Rules, Improves Format Of Banking Rules
Thursday, 17 June 2021, 9:59 am | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua has published the finalised bank capital adequacy requirements, outlined in the new, more user-friendly Banking Prudential Requirements (BPR) documents. The new rules implement the decisions made ... More >>
Debt Serviceability Restrictions Added To Policy Toolkit
Wednesday, 16 June 2021, 10:18 am | Reserve Bank
The Reserve Bank – Te Pūtea Matua and the Minister of Finance have agreed to update their shared Memorandum of Understanding (MoU) on macro-prudential policy and add debt serviceability restrictions to the list of potential tools available. ... More >>
Te Pūtea Matua Becomes Inaugural Member Of New, International Central Bank Network For Indigenous Inclusion
Thursday, 29 April 2021, 10:36 am | Reserve Bank
Along with Indigenous partners, Te Pūtea Matua (Reserve Bank of New Zealand), the Bank of Canada and the Reserve Bank of Australia have formed a voluntary network to foster ongoing dialogue and raise awareness of Indigenous economic and financial ... More >>
Monetary Stimulus Continued
Wednesday, 14 April 2021, 2:05 pm | Reserve Bank
The Monetary Policy Committee agreed to maintain the current stimulatory level of monetary settings in order to meet its consumer price inflation and employment objectives. The Committee will keep the Official Cash Rate (OCR) at 0.25 percent, and the Large ... More >>
Reserve Bank Launches Enforcement Department
Tuesday, 13 April 2021, 12:48 pm | Reserve Bank
The Reserve Bank - Te Pūtea Matua has established a new standalone Enforcement Department to promote confidence in compliance across regulated sectors. The Enforcement Department is operationally separate from the Bank’s Supervision team, but the ... More >>
RBNZ Takes Action Over Weaknesses In Westpac NZ’s Risk Governance
Wednesday, 24 March 2021, 9:38 am | Reserve Bank
The Reserve Bank of New Zealand - Te Pūtea Matua has raised concerns around Westpac New Zealand’s risk governance processes and has instructed the bank to commission two independent reports to address them. “We have experienced ongoing compliance ... More >>
Latest Statistics Update
Tuesday, 23 March 2021, 2:23 pm | Reserve Bank
The RBNZ has further updated our statistics release calendar to reinstate publications throughout March and April. We continue to return towards our normal schedule for banking and other financial data. We can now confirm a new publication date for the ... More >>
Reserve Bank's Payment And Settlement Systems Win International Award
Tuesday, 23 March 2021, 11:07 am | Reserve Bank
The Reserve Bank of New Zealand - Te Pūtea Matua has been named the winner of the ‘Payments and Market Infrastructure (Wholesale) Award’ at the Central Banking Publications annual awards . The award was given in recognition of the Reserve Bank’s ... More >>
Some Temporary Liquidity Facilities To Be Removed
Wednesday, 10 March 2021, 11:23 am | Reserve Bank
The Reserve Bank – Te Pūtea Matua today announced that it will be removing some of the temporary liquidity facilities put in place during the COVID-19 pandemic. The specific measures include: The removal of the Term Auction Facility (TAF) where ... More >>
Insurance Solvency Standards Refined By Feedback
Thursday, 4 March 2021, 11:06 am | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua has released its decisions in response to submissions received on the Insurance Solvency Standards Principles and Timeline consultation launched late last year. The Reserve Bank commenced the Insurance ... More >>
Some Policy Lessons From A Year Of COVID-19
Thursday, 4 March 2021, 9:39 am | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing ... More >>
Funding And Reserving Canterbury Earthquake Insurance Claims
Friday, 26 February 2021, 10:34 am | Reserve Bank
The 2010-11 Canterbury earthquakes are by far the most costly insurance event in New Zealand’s history with estimated property insurance claims costs of around $38 billion, and remain one of the most significant globally. The Funding and reserving ... More >>
Financial Stability Strengthened By Firmer LVR Restrictions
Tuesday, 9 February 2021, 10:02 am | Reserve Bank
The Reserve Bank of New Zealand - Te Pūtea Matua is putting in place more stringent loan-to-value ratio (LVR) restrictions to reduce the risks to financial stability caused by high-risk mortgage lending. The LVR restrictions do not apply to new residential ... More >>
Terms Of Reference For Independent Review Of Data Breach
Friday, 29 January 2021, 10:13 am | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua has released the Terms of Reference for an independent KPMG review of Bank processes following the malicious illegal breach of a third-party file sharing application. Governor Adrian Orr says the review ... More >>
E Hauora Ana, E Matahuhua Ana Te Ōhanga Māori, E Ai Ki Ngā Rangahau
Thursday, 28 January 2021, 9:26 am | Reserve Bank
Ka nui te āhua matahuhua o te ōhanga Maori, waihoki he maha hoki ngā whāinga wāhi e tupu tonu ai ia ki tōna tino teitei, e ai ki ngā kitenga a tētahi pūrongo nā Te Pūtea Mātua The Reserve Bank of New Zealand rāua ko tana hoa kōtui, a ... More >>
Reserve Bank Of New Zealand Making Good Progress On Addressing Data Breach
Friday, 22 January 2021, 1:05 pm | Reserve Bank
The Reserve Bank of New Zealand – Te Pūtea Matua investigation into the malicious illegal breach of a third-party file sharing application has significantly progressed. Governor Adrian Orr says the investigation remains the Bank’s highest priority, ... More >>
Reserve Bank Of New Zealand Committed To Action As It Responds To Data Breach
Friday, 15 January 2021, 2:06 pm | Reserve Bank
The Governor of the Reserve Bank of New Zealand, Adrian Orr, says the recent malicious and illegal breach of a file sharing application used by the Bank is significant, and has our full attention. Mr Orr says New Zealand’s financial system and institutions ... More >>