The Reserve Bank of New Zealand - Latest News [Page 1]
Recruitment Of New External Member To The Monetary Policy Committee
Wednesday, 9 April 2025, 4:43 pm | The Reserve Bank of New Zealand
Board Chair Neil Quigley said that “suitably qualified candidates will be interviewed later this year and assessed against the appointment criteria, then the name of the candidate recommended by the Board will be provided to the Minister of Finance.” More >>
OCR: 3.5% - Further Reduction In OCR Appropriate
Wednesday, 9 April 2025, 2:37 pm | The Reserve Bank of New Zealand
The recently announced increases in global trade barriers weaken the outlook for global economic activity. On balance, these developments create downside risks to the outlook for economic activity and inflation in New Zealand. More >>
Christian Hawkesby Appointed As Governor Of The RBNZ
Tuesday, 8 April 2025, 3:56 pm | The Reserve Bank of New Zealand
Mr Hawkesby has been acting Governor since 5 March and will be Governor from 8 April for six months while the recruitment of a Governor to serve for a five-year term takes place. Mr Hawkesby’s appointment may be extended by the Minister of Finance ... More >>
RBNZ Welcomes New Applications To The Exchange Settlement Account System
Monday, 7 April 2025, 12:37 pm | The Reserve Bank of New Zealand
The application process is open to licensed non-bank deposit takers (NBDTs) in New Zealand seeking access to ESAS to hold reserves to meet prudential liquidity requirements. NBDTs include finance companies that raise funds from the public, as well as most ... More >>
Process For The Appointment Of A Governor For A Six-month Term
Tuesday, 1 April 2025, 11:42 am | The Reserve Bank of New Zealand
The Reserve Bank continues business as usual with Deputy Governor Christian Hawkesby as Acting Governor and CEO until such time as the Minister makes an appointment under section 96 of the Reserve Bank Act 2021. More >>
RBNZ Expands Access To The Exchange Settlement Account System
Monday, 31 March 2025, 1:45 pm | The Reserve Bank of New Zealand
On 27 March 2025 the Reserve Bank Board approved revised access criteria for the ESAS, the payments and settlement system used by banks and other approved financial organisations. More >>
RBNZ Outlines Work To Support Competition
Monday, 31 March 2025, 10:42 am | The Reserve Bank of New Zealand
The RBNZ’s statutory purpose is to promote prosperity and wellbeing for all New Zealanders. This is achieved through its three core objectives: price stability, financial stability and central banking, which includes managing monetary policy, ... More >>
Report Calls For Collective Action To Improve Access To Bank Accounts
Tuesday, 25 March 2025, 11:27 am | The Reserve Bank of New Zealand
The research, titled First steps to financial inclusion, was conducted by ThinkPlace New Zealand and explored opening bank accounts from the perspective of frontline bank staff and customers. More >>
RBNZ Takes Out Two Wins In This Year’s Central Banking Awards
Friday, 21 March 2025, 9:28 am | The Reserve Bank of New Zealand
The award judges said RBNZ had executed a remarkable digital transformation, underpinned by its data and information strategy. Judges were impressed by the lengths the team went to in taking a ‘people-first’ approach, ensuring the system would meet the ... More >>
RBNZ Supports Release Of Police’s National Risk Assessment
Monday, 17 March 2025, 11:10 am | The Reserve Bank of New Zealand
The report assesses threat and sectoral vulnerability, exploring their impact on money laundering and terrorism financing risk and proliferation financing in New Zealand. More >>
Reserve Bank Of New Zealand Welcomes The Release Of Te Ōhanga Māori 2023 Report
Monday, 10 March 2025, 3:35 pm | The Reserve Bank of New Zealand
The Māori economy is diversifying beyond traditional sectors such as agriculture, forestry, and fishing, with real estate, property services, and professional services now leading growth. More >>
RBNZ Advisory: Economic Research Conference Programme And Link To Livestream
Thursday, 6 March 2025, 10:17 am | The Reserve Bank of New Zealand
This morning's keynote address by Dr Ben Bernanke is titled: On inflation targeting. A link to Dr Bernanke's speech will also be available shortly after he starts speaking at about 9.45am. More >>
RBNZ Governor Adrian Orr Resigns
Wednesday, 5 March 2025, 1:52 pm | The Reserve Bank of New Zealand
Mr Orr, who was first appointed as Governor in March 2018, says it has been a privilege to lead an institution that plays a critical role in the economic wellbeing and prosperity of all New Zealanders. Deputy Governor Christian Hawkesby will be Acting Governor ... More >>
Strengthening Trust And Confidence In New Zealand’s Insurance Industry
Tuesday, 4 March 2025, 12:28 pm | The Reserve Bank of New Zealand
The Reserve Bank remains dedicated to enhancing engagement with the industry, modernising its regulatory framework and approach, and embedding deeper insurance expertise within its leadership. More >>
OCR 3.75% - OCR Reduced Further As Inflation Abates
Wednesday, 19 February 2025, 2:20 pm | The Reserve Bank of New Zealand
Economic growth is expected to recover during 2025. Lower interest rates will encourage spending, although elevated global economic uncertainty is expected to weigh on business investment decisions. More >>
Second Amendment To Insurance Interim Solvency Standard Issued
Thursday, 12 December 2024, 10:47 am | The Reserve Bank of New Zealand
The Reserve Bank is responsible for the prudential regulation of New Zealand’s insurance sector, which includes setting rules and regulations to ensure the country's financial system remains resilient. More >>
RBNZ Thematic Review Identifies Opportunities To Enhance Financial Inclusion Practices
Wednesday, 11 December 2024, 9:57 pm | The Reserve Bank of New Zealand
Assistant Governor Simone Robbers praised the efforts of many deposit takers but noted there is room for improvement. More >>
Kiwis Say Cash And Privacy Are Crucial In Record Response To Digital Cash Consultation
Tuesday, 10 December 2024, 3:28 pm | The Reserve Bank of New Zealand
“84% of respondents were worried about losing access to banknotes and coins (physical cash) and want assurance that cash will still be issued by the Reserve Bank and not reduced or replaced by Digital Cash,” he says. More >>
RBNZ Welcomes New Financial Policy Remit
Monday, 9 December 2024, 6:17 pm | The Reserve Bank of New Zealand
“The remit is an important tool for the Minister to specify matters the Government considers the Reserve Bank should have regard to in achieving its financial stability objective and performing its functions as a prudential regulator and supervisor,” ... More >>
RBNZ Stats Alert: Updated Weights For Trade-Weighted Index
Wednesday, 4 December 2024, 6:50 pm | The Reserve Bank of New Zealand
The new weights will be applied from tomorrow, 5 December. The historical calculations of the TWI are not backdated with the new weights. More >>