The Reserve Bank of New Zealand - Latest News [Page 1]
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 >>
RBNZ Releases Updated Financial Stability Indicators
Wednesday, 18 September 2024, 2:01 pm | The Reserve Bank of New Zealand
As outlined in its Memorandum of Understanding with the Minister of Finance, the RBNZ is committed to transparency in its risk assessment framework, including by providing the indicators that guide its macro-prudential policy settings. More >>
Analytical Note: Financial Market Reaction To Monetary Policy Surprises
Monday, 16 September 2024, 10:35 am | The Reserve Bank of New Zealand
Understanding the effects of monetary policy surprises on financial markets is key given the importance of central bank communication and the role financial markets play in the transmission of monetary policy. More >>
Resilience As A Pathway To Prosperity – A Keynote Speech By RBNZ Deputy Governor Christian Hawkesby
Sunday, 15 September 2024, 11:18 pm | The Reserve Bank of New Zealand
Mr Hawkesby discusses how the Reserve Bank integrates these broader objectives into its mandate, considering factors such as competition, innovation, and inclusion in its decision-making process. More >>
Outlook For Commercial Property Remains Weak But Financial Stability Risks Are Contained
Tuesday, 27 August 2024, 1:20 pm | The Reserve Bank of New Zealand
The New Zealand commercial property market remains soft due to high interest rates, increased remote working and a continued rise in online shopping, reports the Reserve Bank of New Zealand – Te Pūtea Matua in a Financial Stability Report special topic ... More >>
RBNZ's Strong Working Relationships Continue With Regulated Firms
Monday, 26 August 2024, 10:38 am | The Reserve Bank of New Zealand
Banks and insurers continue to rate the Reserve Bank highly, according to the latest Relationship Charter Survey published today. More >>
OCR 5.25% - Monetary Restraint Tempered As Inflation Converges On Target
Wednesday, 14 August 2024, 2:48 pm | The Reserve Bank of New Zealand
Economic growth remains below trend and inflation is declining across advanced economies. Some central banks have begun reducing policy interest rates. Imported inflation into New Zealand has declined to be more consistent with pre-pandemic levels. More >>
Reserve Bank Of New Zealand Explores New Techniques To Enhance Financial Stability Monitoring
Wednesday, 31 July 2024, 11:36 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand, Te Pūtea Matua has published two new Analytical Notes that investigate utilising new models and data sources to complement existing approaches to monitoring financial stability. More >>
Digital Cash: 10 Days Left To Make A Submission!
Tuesday, 16 July 2024, 4:00 pm | The Reserve Bank of New Zealand
We are in stage 2 of a multi-year project to consider the use of digital cash. We've developed some principles and design options – and we’re asking New Zealanders for their views on them. More >>
OCR 5.50% - Inflation Approaching Target Range
Wednesday, 10 July 2024, 2:18 pm | The Reserve Bank of New Zealand
The decline in inflation reflects receding domestic pricing pressures, as well as lower inflation for goods and services imported into New Zealand. Labour market pressures have eased, reflecting cautious hiring decisions by firms and an increased supply ... More >>
RBNZ Releases Statement Of Intent (SoI) And Statement Of Performance Expectations (SPE)
Thursday, 27 June 2024, 4:06 pm | The Reserve Bank of New Zealand
The Statement of Intent (SoI) covers the period 2024 to 2028 and the Statement of Performance Expectations (SPE) covers 2024/2025. More >>
Changes To Bank Disclosure Requirements, Including ‘Dual Reporting’
Wednesday, 26 June 2024, 11:37 am | The Reserve Bank of New Zealand
On 30 June 2024, revisions to disclosure requirements for New Zealand incorporated registered banks come into effect. More >>
The Road Back To 2% Inflation: A Speech By RBNZ Chief Economist Paul Conway
Wednesday, 19 June 2024, 7:41 pm | The Reserve Bank of New Zealand
Inflation spiked higher during the pandemic on a mix of supply and demand-related factors. Shortages of labour and materials, in an environment of high demand, were key in driving up inflation. More >>
New Business Expectations Survey: Design Proposals Following Consultation And Pilot
Monday, 17 June 2024, 10:21 am | The Reserve Bank of New Zealand
Tara-ā-Umanga Business Expectations Survey: Design proposals following consultation and pilot outlines our lessons learnt from this work and resulting design proposals for our new Business Expectations Survey, BES, Tara-ā-Umanga. More >>
Monetary Policy Announcement And Financial Stability Report Dates For Late 2025 And 2026
Tuesday, 11 June 2024, 11:22 am | The Reserve Bank of New Zealand
11 June 2024 The Reserve Bank of New Zealand - Te Pūtea Matua has released the dates for publication of its quarterly Monetary Policy Statement (MPS), Monetary Policy Review (MPR) decisions and the 6-monthly Financial Stability Report (FSR). ... More >>
Reserve Bank Activates Debt-to-Income Restrictions
Tuesday, 28 May 2024, 11:36 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand - Te Pūtea Matua has confirmed the activation of Debt-to-Income (DTI) restrictions and loosening of Loan-to-Value Ratio (LVR) restrictions at the settings that we consulted on earlier this year. More >>
Finance And Expenditure Committee Meeting On Cash Use, Digital Cash And Community Cash Trials
Tuesday, 28 May 2024, 9:23 am | The Reserve Bank of New Zealand
Reserve Bank of New Zealand Director of Money and Cash Ian Woolford and Manager of Money and Cash Policy Robbie Taylor are due to appear before Parliament's Finance and Expenditure Committee on Wednesday, 29 May 2024 from 9:45am to 10:45am. They ... More >>
OCR 5.50% - Official Cash Rate To Remain Restrictive
Wednesday, 22 May 2024, 2:36 pm | The Reserve Bank of New Zealand
Restrictive monetary policy has reduced capacity pressures in the New Zealand economy and lowered consumer price inflation. Annual consumer price inflation is expected to return to within the Committee’s 1 to 3 percent target range by the end of 2024. More >>