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The Reserve Bank of New Zealand - Latest News [Page 13]
Reserve Bank Releases Thematic Review Of Appointed Actuary Role
Thursday, 11 June 2020, 10:14 am | The Reserve Bank of New Zealand
The Reserve Bank has released a number of recommendations in a comprehensive review of the Appointed Actuary role. Appointed Actuaries have a critical legislated role in the insurance industry to measure and report on material risks that can threaten ... More >>
Reserve Bank Removes LVR Restrictions For 12 Months
Thursday, 30 April 2020, 4:49 pm | The Reserve Bank of New Zealand
The Reserve Bank has today decided to remove mortgage loan-to-value ratio (LVR) restrictions for 12 months. The decision was made to ensure LVR restrictions didn’t have an undue impact on borrowers or lenders as part of the mortgage deferral scheme ... More >>
Expanded Large Scale Asset Purchases
Tuesday, 7 April 2020, 3:37 pm | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand has added $3 billion of Local Government Funding Agency (LGFA) debt to its Large Scale Asset Purchase programme (LSAP). This represents approximately 30 percent of the total LGFA debt on issue, and takes the total size ... More >>
Mahi Tahi: Working Together To Ensure Cash-flow And Confidence
Monday, 30 March 2020, 2:44 pm | The Reserve Bank of New Zealand
Te Pūtea Matua – the Reserve Bank of New Zealand - is working closely with the whole of government and industry to ensure financial stability. “In these difficult times we are working to ensure New Zealanders are confident in their financial system, ... More >>
Corporate Facility Another Step To Support Market Functioning
Monday, 30 March 2020, 8:22 am | The Reserve Bank of New Zealand
The Reserve Bank is deploying another tool to provide additional liquidity to the corporate sector, and support smooth market functioning. A new weekly Open Market Operation (OMO) will provide liquidity in exchange for eligible Corporate and Asset-Backed ... More >>
COVID-19 Level 4 Essential Services – Financial Sector
Wednesday, 25 March 2020, 4:00 pm | The Reserve Bank of New Zealand
Following the government announcement that COVID-19 Level 4 alert will be introduced from 11.59pm on 25 March only essential services will be permitted to remain open at a central place of business. The Government determined that financial services ... More >>
Mortgage Holiday And Business Finance Support Schemes To Cushion COVID Impacts
Tuesday, 24 March 2020, 4:24 pm | The Reserve Bank of New Zealand
News release issued by the Minister of Finance The Government, retail banks and the Reserve Bank are today announcing a major financial support package for home owners and businesses affected by the economic impacts of COVID-19. The package will ... More >>
RBNZ To Implement $30bn Large Scale Asset Purchase Programme Of NZ Govt Bonds
Monday, 23 March 2020, 8:18 am | The Reserve Bank of New Zealand
The Monetary Policy Committee (MPC) has decided to implement a Large Scale Asset Purchase programme (LSAP) of New Zealand government bonds. The negative economic implications of the coronavirus outbreak have continued to intensify. The Committee ... More >>
The Reserve Bank Is Committed To Ensuring Smooth Market Functioning
Friday, 20 March 2020, 8:37 am | The Reserve Bank of New Zealand
New Zealand’s financial system remains sound, with strong capital and liquidity buffers. Assistant Governor Christian Hawkesby said the Reserve Bank is actively involved in financial markets to ensure smooth market functioning despite the global ... More >>
Cash And Other Payments Systems Ready For COVID-19
Thursday, 19 March 2020, 3:52 pm | The Reserve Bank of New Zealand
“The Reserve Bank and the banking system have plenty of cash on hand to meet demand under any circumstances,” says Assistant Governor Christian Hawkesby. Mr Hawkesby made the statement today after public interest and discussion about cash availability ... More >>
Regulatory Relief To Provide Headroom For Customer-focus And Risk Management
Wednesday, 18 March 2020, 2:04 pm | The Reserve Bank of New Zealand
The Reserve Bank will delay or slow down most of its regulatory initiatives for an initial period of six months. This action is being taken to reduce the regulatory impost on financial institutions and free up Reserve Bank and industry resources ... More >>
Financial System Sound, And Reserve Bank Providing Additional Support
Monday, 16 March 2020, 8:55 am | The Reserve Bank of New Zealand
New Zealand’s financial system is sound, with strong capital and liquidity buffers, but faces significant uncertainties from the impacts of COVID-19. The Reserve Bank is announcing additional measures to support the provision of credit and market functioning. ... More >>
OCR Reduced To 0.25 Percent For Next 12 Months
Monday, 16 March 2020, 8:51 am | The Reserve Bank of New Zealand
The Official Cash Rate (OCR) is 0.25 percent, reduced from 1.0 percent, and will remain at this level for at least the next 12 months. The negative economic implications of the COVID-19 virus continue to rise warranting further monetary stimulus. Since ... More >>
Monetary Policy With Very Low Interest Rates
Tuesday, 10 March 2020, 2:04 pm | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand, Te Pūtea Matua, is taking proactive steps to ensure it is well positioned to effectively and efficiently manage New Zealand’s monetary policy in an environment of very low interest rates. In a speech launching its Principles ... More >>
Banking Sector Prepared For Responding To COVID-19
Monday, 9 March 2020, 4:24 pm | The Reserve Bank of New Zealand
Joint media release - Reserve Bank of New Zealand and New Zealand Bankers’ Association New Zealand banks are ready to respond to the impacts of coronavirus, the Reserve Bank of New Zealand and New Zealand Bankers’ Association say. The COVID-19 outbreak ... More >>
Reserve Bank Launches New Payment Settlement System
Wednesday, 26 February 2020, 11:15 am | The Reserve Bank of New Zealand
The Reserve Bank has launched a new future-proofed payment settlement system, replacing New Zealand’s inter-bank settlement system and central securities depository. The new platform replaces a 20-year-old system with two separate systems, ESAS 2.0 and ... More >>
Aiming For Great And Best For Te Pūtea Matua
Friday, 21 February 2020, 12:10 pm | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand, Te Pūtea Matua, is evolving so it is well positioned to respond to new challenges, risks, and opportunities, Governor Adrian Orr said in a speech today. Speaking at Canterbury Employers’ Chamber of Commerce in Christchurch, ... More >>
2018-19 Financial Review Of TheReserve Bank Of New ZealandOpening Statement
Wednesday, 19 February 2020, 12:00 pm | The Reserve Bank of New Zealand
Reserve Bank of New Zealand’s Governor Adrian Orr is delivering an opening statement today at the Finance and Expenditure Committee (FEC) hearing of the 2018 - 19 Financial Review of the Reserve Bank of New Zealand. Read the opening statement ... More >>
Kaitikitanga: Te Ao Māori O Te Pūtea Matua - Guardianship: The Māori World View Of The Reserve Bank
Friday, 14 February 2020, 10:16 am | The Reserve Bank of New Zealand
Building its understanding of Te Ao Māori will result in the Reserve Bank better serving Aotearoa New Zealand, said Assistant Governor, Christian Hawkesby. Speaking at the Mana Taiao Raising Māori Investment Capability conference in Tauranga yesterday, ... More >>
Official Cash Rate Remains At 1.0 Percent
Wednesday, 12 February 2020, 2:11 pm | The Reserve Bank of New Zealand
The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. ... More >>
