The Reserve Bank of New Zealand - Latest News [Page 4]
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 >>
Proposals To Enhance Clarity Of Risk Weighting Requirements
Thursday, 29 September 2022, 10:27 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand - Te Pūtea Matua is proposing changes to how banks should apply risk weightings to their exposures under bank capital adequacy rules. We are in the process of phasing in the Capital Review decisions from December 2019. ... More >>
Insurance Enforcement And Distress Management Framework Refined By Public Consultation
Monday, 5 September 2022, 10:51 am | The Reserve Bank of New Zealand
The Reserve Bank has reviewed feedback received on its Enforcement and Distress Management consultation for insurers which will help to ensure the final policy is proportionate to the risks faced. The Reserve Bank of New Zealand – Te Pūtea Matua ... More >>
Monetary Policy Tools And The RBNZ Balance Sheet
Thursday, 18 August 2022, 9:00 am | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua has today published a background paper that outlines why the Reserve Bank deployed the Large Scale Asset Purchases (LSAP) and Funding for Lending Programme (FLP) as part of its monetary policy response ... More >>
Monetary Policy Review
Tuesday, 26 July 2022, 3:50 pm | The Reserve Bank of New Zealand
A report released today, How Central Bank Mistakes after 2019 led to Inflation, has been received by the Reserve Bank of New Zealand – Te Pūtea Matua and will be considered as part of our public Monetary Policy Remit review process underway. ... More >>