The Reserve Bank of New Zealand - Latest News [Page 4]
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 >>
ESAS Access Review - Summary Of Submissions And Reserve Bank Response
Thursday, 19 October 2023, 1:50 pm | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand - Te Pūtea Matua is part-way through a review of access eligibility criteria to use our Exchange Settlement Account System (ESAS). Banks, other major institutions, and the Reserve Bank use ESAS to settle transactions ... More >>
Update On Dual Reporting In Bank Disclosure Statements
Monday, 2 October 2023, 1:03 pm | The Reserve Bank of New Zealand
We consulted from February to May 2022 on changes to bank disclosure statements. These were to introduce ‘dual reporting’ of credit risk capital requirements by banks that use their own internal models to estimate those requirements. We also ... More >>
Liquidity: One Word, Three Meanings
Wednesday, 13 September 2023, 11:05 am | The Reserve Bank of New Zealand
There are at least 3 types of liquidity and we at Te Pūtea Matua have an interest in all of them, Reserve Bank of New Zealand, Assistant Governor Karen Silk said today. In a speech delivered at the ANZ-KangaNews New Zealand Capital Market Summit in Auckland, ... More >>
Evolving Financial Services Regulation Brings RBNZ Closer To International Best Practice
Monday, 4 September 2023, 10:58 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua has been part of a seismic shift in financial services regulation, Director of Enforcement and Resolution Kerry Beaumont says in a speech published today. Central banks emerged from being the strongest ... More >>
Official Cash Rate Remains On Hold
Wednesday, 12 July 2023, 2:05 pm | The Reserve Bank of New Zealand
The Monetary Policy Committee today agreed to leave the Official Cash Rate (OCR) at 5.50%. The level of interest rates are constraining spending and inflation pressure as anticipated and required. The Committee agreed that the OCR will need to remain ... More >>
Great Expectations: Using Survey Inflation Expectations To Improve Inflation Forecasts-Analytical Note
Wednesday, 21 June 2023, 9:40 am | The Reserve Bank of New Zealand
Inflation expectations are essential for effective monetary policy because expectations affect current pricing behaviour, according to an Analytical Note released today by the Reserve Bank of New Zealand – Te Pūtea Matua. Expectations of what inflation ... More >>
Official Cash Rate Set To Remain Restrictive
Wednesday, 24 May 2023, 2:11 pm | The Reserve Bank of New Zealand
The Monetary Policy Committee today voted to raise the Official Cash Rate (OCR) from 5.25% to 5.50%. The Committee agreed the level of interest rates are constraining spending and inflation pressure. The OCR will need to remain at a restrictive level ... More >>
Workers Switched Industries To Stay In Work And Earn More During COVID-19 - Analytical Note
Wednesday, 10 May 2023, 9:55 am | The Reserve Bank of New Zealand
The New Zealand labour market has been resilient and flexible during the COVID-19 pandemic, with workers switching industries to stay in work and earn more, according to an Analytical Note released today by the Reserve Bank of New Zealand – Te Pūtea ... More >>
Feedback Sought On Plans To Build Cyber Resilience
Monday, 8 May 2023, 2:08 pm | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua is seeking feedback on proposals for collecting financial entity related data to support cyber resilience. The ability of cyber attackers to undermine, disrupt, and disable information and communication ... More >>
Interest Rate Risk Management In The New Zealand Banking System
Monday, 1 May 2023, 10:10 am | The Reserve Bank of New Zealand
The recent high-profile collapse of Silicon Valley Bank in America has highlighted the importance of effectively managing interest rate risk, especially in a rising interest rate environment. Interest rate risk is caused by fluctuations in the value ... More >>
Reserve Bank Releases Debt-to-Income Framework
Monday, 3 April 2023, 2:30 pm | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua is releasing its finalised debt-to-income (DTI) restriction framework that sets the technical specifications that banks need to comply with if a DTI tool is activated. Publication of the framework does not ... More >>
RBNZ And Cash Industry Supporting Cash Services In Regions Affected By Cyclone Gabrielle
Saturday, 18 February 2023, 4:29 pm | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua has given an update on ATM (cash machine) and other cash services in regions affected by Cyclone Gabrielle. The Reserve Bank has been co-ordinating commercial banks, cash service and security companies, ... More >>
Liquidity Policy Review Seeks Feedback On Significant Policy Issues
Thursday, 9 February 2023, 9:40 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand - Te Pūtea Matua is seeking feedback on the second stage of its liquidity policy review. Deputy Governor and General Manager of Financial Stability Christian Hawkesby says our liquidity policy is one of a number of measures ... More >>
Decision On Mortgage Bond Standards
Monday, 5 December 2022, 9:23 am | The Reserve Bank of New Zealand
The Reserve Bank has decided not to introduce new mortgage bond standards through Residential Mortgage Obligations (RMO). The Reserve Bank is today announcing the decision to not introduce a new mortgage bond standard in the form of Residential ... More >>
MPC Remit Review Second Public Consultation
Wednesday, 30 November 2022, 9:27 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua has launched a second consultation as part of the five-yearly review of the Monetary Policy Committee’s (MPC) Remit that guides monetary policy decisions. The Remit sets out the operating guidelines ... More >>
RBNZ Releases Statement Of Intent And Statement Of Performance Expectations
Thursday, 20 October 2022, 2:27 pm | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua has released its Statement of Intent and Statement of Performance Expectations, outlining what it intends to do to support economic wellbeing and prosperity for all New Zealanders and how it will ... More >>