The Reserve Bank of New Zealand - Latest News [Page 1]
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 >>
2024 Monetary Policy Challenge Winners Announced
Thursday, 28 November 2024, 11:26 am | The Reserve Bank of New Zealand
Our Monetary Policy Challenge gives secondary school senior economic students all over New Zealand the opportunity to apply their knowledge and use real-world scenarios and data to set monetary policy. More >>
OCR 4.25% - OCR Lowered Further As Inflation Returns To Target
Wednesday, 27 November 2024, 2:13 pm | The Reserve Bank of New Zealand
If economic conditions continue to evolve as projected, the Committee expects to be able to lower the OCR further early next year. More >>
Reserve Bank Issues Warning To Quest Insurance Group Limited
Tuesday, 12 November 2024, 10:18 am | The Reserve Bank of New Zealand
As a prudential regulator the Reserve Bank has responsibility to ensure that all regulated entities (banks and insurers) follow the proper rules and regulations to ensure that New Zealand’s financial system is resilient. More >>
Financial System Remains Resilient Amidst Economic Downturn
Tuesday, 5 November 2024, 9:26 am | The Reserve Bank of New Zealand
Financial stability is critical for economic wellbeing. Trust and confidence in our financial system is essential for ensuring New Zealanders can safely save, borrow, and manage financial risk. More >>
Geopolitical Tensions Highlighted As Risk To Financial Stability
Monday, 4 November 2024, 11:12 am | The Reserve Bank of New Zealand
The findings are being pre-released from our upcoming Financial Stability Report and highlight the importance of proactive risk evaluation and management to safeguarding New Zealand’s financial stability. More >>
Home Buyers Remain Cautious In Subdued Housing Market
Thursday, 31 October 2024, 11:11 am | The Reserve Bank of New Zealand
“House prices remain a stretch for many prospective buyers and are hovering around the top of our estimate of sustainable levels. Banks are currently facing competitive pressures to attract a limited pool of creditworthy borrowers, ” Mr Watt says. More >>
Navigating Monetary Policy Through The Unknown: A Speech By RBNZ Governor Adrian Orr
Thursday, 24 October 2024, 9:12 am | The Reserve Bank of New Zealand
“Navigating monetary policy, with a 1 to 2-year lag between policy action and ultimate outcome, is akin to ocean circumnavigation,” Mr Orr says. More >>
RBNZ Speech: Liquidity Management - Principles For Liquidity Provision & The End Of An Abundant Era
Tuesday, 22 October 2024, 1:00 pm | The Reserve Bank of New Zealand
Assistant Governor Karen Silk explained the principles the Reserve Bank has formalised to ensure tools deployed to support market functioning are effective but remain targeted and temporary. More >>
RBNZ Releases Its Inaugural Climate-Related Disclosure
Thursday, 17 October 2024, 12:01 pm | The Reserve Bank of New Zealand
“This disclosure details the steps we are taking to enhance RBNZ’s resilience to risks while supporting the transition to a climate-resilient, low-emissions economy,” Ms Robbers says. More >>
Transmission Of Monetary Policy To Financial Conditions- A Speech By Assistant Governor Karen Silk
Wednesday, 16 October 2024, 12:01 pm | The Reserve Bank of New Zealand
Specifically, monetary policy affects bank funding costs and, in turn, the lending rates banks offer. This impacts the amount of money that households and businesses have to spend and shapes their inclination to save and invest. More >>
RBNZ Governor Adrian Orr's Keynote Speech: Improving Māori Access To Capital
Monday, 14 October 2024, 9:31 am | The Reserve Bank of New Zealand
“Improving Māori access to capital is a powerful enabler we all need to collectively prioritise,” Mr Orr says. More >>
OCR 4.75% – Monetary Restraint Reduced As Inflation Converges To Target
Wednesday, 9 October 2024, 3:59 pm | The Reserve Bank of New Zealand
The New Zealand economy is now in a position of excess capacity, encouraging price- and wage-setting to adjust to a low-inflation economy. Lower import prices have assisted the disinflation. More >>
RBNZ Releases Annual Report 2024
Tuesday, 8 October 2024, 11:49 am | The Reserve Bank of New Zealand
The RBNZ is required to recommend to the Minister the amount of dividend to be paid to the Crown at the end of each financial year. The Minister of Finance has agreed that the RBNZ will pay a dividend of $597 million in 2023/24. More >>
ESAS Access Review - Consultation 2 Opens
Monday, 7 October 2024, 3:32 pm | The Reserve Bank of New Zealand
The consultation seeks to evaluate feedback on whether the policy is clear and easy to follow for new applicants who want to bank directly with ESAS, and what clarity and guidance would be useful to help navigate the application process. More >>
RBNZ Releases Banking Competition Select Committee Submission
Thursday, 26 September 2024, 2:50 pm | The Reserve Bank of New Zealand
We agree with the Commerce Commission’s problem definition that a more competitive banking market is desirable, Deputy Governor Christian Hawkesby says. More >>