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The Reserve Bank of New Zealand - Latest News [Page 3]
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 >>
ESAS Access Review - March 2024 Update
Wednesday, 6 March 2024, 10:41 am | The Reserve Bank of New Zealand
Banks, other major institutions, and the Reserve Bank - Te Pūtea Matua use the Exchange Settlement Account System (ESAS) to settle transactions between us. We are part-way through a review of access eligibility criteria to use ESAS. This is an ... More >>
The Use Of Credit Risk Weights For Climate-related Purposes – Bulletin Article
Tuesday, 5 March 2024, 10:40 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua has published a Bulletin article discussing the use of credit risk weights for climate-related purposes. Te Pūtea Matua is responsible for maintaining a stable financial system to promote the prosperity ... More >>
New Measures To Build Cyber Resilience
Monday, 4 March 2024, 11:08 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua has published consultation feedback and decisions on collecting data to support cyber resilience. Cyber risks – both malicious and non-malicious – can impact financial stability, and managing them ... More >>
OCR 5.50% - Monetary Policy Remains Restrictive
Wednesday, 28 February 2024, 1:47 pm | The Reserve Bank of New Zealand
Over the past year or so, the New Zealand economy has evolved broadly as anticipated by the Committee. Core inflation and most measures of inflation expectations have declined, and the risks to the inflation outlook have become more balanced. However, ... More >>
Changes To RBNZ Executive Leadership Team
Thursday, 22 February 2024, 9:56 am | The Reserve Bank of New Zealand
Assistant Governor/General Manager Transformation, Innovation, People and Culture Juliet Tainui-Hernandez has resigned to focus on her governance career. She will be leaving RBNZ at the end of April 2024. Governor Adrian Orr said: “Juliet has ... More >>
The Importance Of Quality Research And Data - A Speech By Chief Economist Paul Conway
Tuesday, 30 January 2024, 9:15 am | The Reserve Bank of New Zealand
The New Zealand and global economies have suffered a series of shocks that have changed the economic landscape in the past few years. In some respects, the economy is now significantly different from how it was before the COVID-19 pandemic, Reserve ... More >>
RBNZ Bulletin - In Retrospect: RBNZ’s Support Of Financial Market Functioning At The Onset Of COVID-19
Thursday, 25 January 2024, 10:33 am | The Reserve Bank of New Zealand
This Bulletin discusses the drivers of dysfunction in key NZ dollar financial markets in 2020, and our actions to support financial market functioning during this time. Read the Bulletin The onset of the COVID-19 pandemic triggered a rapid deterioration ... More >>
Citibank NZ Issued Formal Warning Under AML/CFT Act
Thursday, 14 December 2023, 9:09 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua has issued a formal warning to Citibank N.A. New Zealand Branch (Citibank NZ) relating to the wire transfer identity requirements under the Anti-Money Laundering and Countering Financing of Terrorism ... More >>
Monetary Policy Remit Amended
Wednesday, 13 December 2023, 4:28 pm | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua acknowledges the amended Remit for the Monetary Policy Committee (MPC) issued today by the Minister of Finance. The MPC Remit sets the operational objectives for monetary policy. The amended Remit ... More >>
LVR Restrictions Have Added To Resilience
Tuesday, 12 December 2023, 11:14 am | The Reserve Bank of New Zealand
This Bulletin reflects on a decade of using macroprudential policy and finds New Zealand’s loan-to-value ratio (LVR) restrictions on new mortgage lending have added to the resilience of the financial system. This analysis was produced for a study ... More >>
Households Tend To Pay More Attention To Inflation When It Is High - Analytical Note
Monday, 11 December 2023, 1:30 pm | The Reserve Bank of New Zealand
Inflation expectations - what people think inflation will be in the future – are crucial for policymakers at the Reserve Bank of New Zealand, Te Pūtea Matua. That’s because these expectations affect everybody’s decisions about savings, spending, ... More >>
Major Banks Compliant With RBNZ Outsourcing Policy
Monday, 11 December 2023, 11:13 am | The Reserve Bank of New Zealand
In a significant milestone, the Reserve Bank of New Zealand - Te Pūtea Matua is pleased to confirm that New Zealand’s largest banks are now compliant with our Outsourcing Policy (BS11). BS11 is designed to manage risks that could arise when ... More >>
Reserve Bank Reminds Retailers To Train New Cash Handlers On Fake Note Detection
Friday, 8 December 2023, 10:20 am | The Reserve Bank of New Zealand
Retailers are being reminded to take the time to train new cash handling staff on the fast and easy ways to spot fake banknotes. “New Zealand doesn’t have a huge counterfeiting problem, and the fake banknotes we do see are low quality and easily ... More >>
Key Liquidity Policy Review Decisions Announced
Tuesday, 5 December 2023, 10:24 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand - Te Pūtea Matua has announced two key decisions following the second round of public consultation on its liquidity policy review (C2). Director of Prudential Policy, Kate Le Quesne says our liquidity policy is ... More >>
Reserve Bank Community Cash Trials To Start Next Year
Monday, 4 December 2023, 10:59 am | The Reserve Bank of New Zealand
Rural New Zealand communities lacking commercial bank over-the-counter or ATM cash services will be invited to take part in trials starting next year of new ways to help individuals and retailers withdraw and deposit cash. The Reserve Bank of New ... More >>
Building A Balance Sheet To Support Financial Stability - RBNZ Speech
Tuesday, 14 November 2023, 12:43 pm | The Reserve Bank of New Zealand
Central banks can use their balance sheets to support not just monetary policy, but also financial stability objectives, Assistant Governor Karen Silk says. In a keynote speech delivered at the UBS Australasia Conference, in Sydney today, Karen ... More >>
Farmers Facing Heightened Challenges
Thursday, 26 October 2023, 10:30 am | The Reserve Bank of New Zealand
The agricultural sector is facing difficult economic conditions, because of low dairy, meat and forestry prices, high operating expenses and increased debt servicing costs. Longer term, the sector faces uncertainty about the scale and timing of the ... More >>
