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The Reserve Bank of New Zealand - Latest News [Page 1]
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 >>
Deposit Takers Standards Open For Consultation
Thursday, 16 May 2024, 2:24 pm | The Reserve Bank of New Zealand
The Reserve Bank is consulting on policy proposals for new core prudential standards to be made under the Deposit Takers Act 2023 (DTA). More >>
Rural Towns Invited To Apply For Cash Service Trials As Challenges For Cash Users Grow
Friday, 3 May 2024, 2:16 pm | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua is opening applications for towns wanting to trial either local cash depots with automated cash banking facilities that work with all banks, or a security van service. More >>
Financial System Robust To High Interest Rate Environment
Wednesday, 1 May 2024, 9:44 am | The Reserve Bank of New Zealand
New Zealand’s financial system remains strong as it continues to adjust to the higher interest rate environment, Deputy Governor Christian Hawkesby says in releasing the May 2024 Financial Stability Report. More >>
Dwelling Insurance Pricing Becoming More Risk-based
Monday, 29 April 2024, 10:10 am | The Reserve Bank of New Zealand
Insurance makes an important contribution to New Zealanders’ financial and economic wellbeing, by spreading the cost of adverse events across time and policyholders, Reserve Bank Director of Financial Stability Assessment & Strategy Kerry Watt says. More >>
RBNZ Releases Submission On Draft Commerce Commission Market Study
Tuesday, 23 April 2024, 8:38 am | The Reserve Bank of New Zealand
The draft report provides a useful analysis of the current market structure and makes some valuable recommendations to improve how competition could work better for consumers. More >>
Climate Stress Test Assesses Resilience Of Major NZ Banks
Monday, 22 April 2024, 12:33 pm | The Reserve Bank of New Zealand
Climate-related risks need to be actively managed to protect the resilience of the financial system to other shocks, the results of the Reserve Bank of New Zealand’s (RBNZ) 2023 Climate Stress Test has found. More >>
Finding Neutral: Estimates Of New Zealand’s Nominal Neutral Interest Rate
Monday, 15 April 2024, 12:00 pm | The Reserve Bank of New Zealand
Due to New Zealanders’ high inflation expectations, the Official Cash Rate (OCR) would currently need to be about 3.9 percent to neither tap the brakes nor push on the accelerator of the economy, the Reserve Bank’s new Bulletin article shows. More >>
OCR 5.50% - Official Cash Rate Remains Unchanged
Wednesday, 10 April 2024, 2:12 pm | The Reserve Bank of New Zealand
The Monetary Policy Committee today agreed to leave the Official Cash Rate (OCR) at 5.50 percent. More >>
RBNZ Welcomes Progress On Whenua Māori Lending
Tuesday, 2 April 2024, 2:44 pm | The Reserve Bank of New Zealand
The Māori Land Court recently released a practice note in regard to lending on Māori freehold land - whenua Māori. The note provides guidance to assist landowners, lawyers and the banking sector with lending against Māori freehold land. As we noted ... More >>
Two New Monetary Policy Committee Members Appointed
Thursday, 28 March 2024, 4:09 pm | The Reserve Bank of New Zealand
Two new members of the Reserve Bank of New Zealand’s (RBNZ) Monetary Policy Committee (MPC), Carl Hansen and Professor Prasanna Gai have been appointed by the Minister of Finance, Nicola Willis, on the recommendation of the RBNZ’s Board. The 7-member ... More >>
