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Latest Reserve Bank Headlines
Business Confidence Has Deteriorated, Again. RBNZ Rate Cuts Are Required, To Avoid Economic Scarring
Tue, 2 Jul 2024 14:39:59 +1200 | Kiwi Economics
The NZIER’s quarterly survey of business opinion (QSBO), the best on the street, shows a clear deterioration in expectations.More >>
RBNZ Releases Statement Of Intent (SoI) And Statement Of Performance Expectations (SPE)
Thu, 27 Jun 2024 16:06:14 +1200 | 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 >>
We May Have Popped Out Of A Double Dip Recession, But We’re Still Struggling…
Sun, 23 Jun 2024 18:23:53 +1200 | Kiwi Economics
The Kiwi economy expanded 0.2% over the March quarter. It follows the technical recession over the second half of 2024. We may officially be out of recession, but the economy remains in a soft state.More >>
Challenging Conditions In Banking Sector Create Growth Opportunities For ‘Shadow’ Banks
Fri, 21 Jun 2024 19:43:35 +1200 | Chapman Tripp
The report predicts that opportunities for alternative providers will be created as the RBNZ tightens its grip on the regulated banking sector to maintain financial stability in an economy that continues to face headwinds.More >>
Reserve Bank Chair Reappointed
Thu, 20 Jun 2024 16:52:07 +1200 | New Zealand Government
Professor Neil Quigley has been reappointed as Chair of the Reserve Bank of New Zealand Board for a further term of two years, until 30 June 2026. More >>
The Road Back To 2% Inflation: A Speech By RBNZ Chief Economist Paul Conway
Wed, 19 Jun 2024 19:41:08 +1200 | 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 >>
RBNZ’s DTI Restrictions To Make Rich Richer And Poor Poorer
Thu, 13 Jun 2024 11:24:41 +1200 | Happy Prime
Just as in the CCCFA scenario, the new measures could disproportionately affect first home buyers and those on low incomes, potentially causing them financial disadvantage. More >>
Monetary Policy Announcement And Financial Stability Report Dates For Late 2025 And 2026
Tue, 11 Jun 2024 11:22:28 +1200 | 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 >>
On The Brink – How Central Bank Digital Currency Threatens Civil, Constitutional And Human Rights
Wed, 5 Jun 2024 05:11:02 +1200 | PSGR
Physicians and Scientists for Global Responsibility (PSGRNZ) have published a paper raising major questions and encouraging debate regarding the potential risks that arise from the inter-operability of Digital Identity (ID) systems and central bank ...More >>
Did We Have To Have The Interest Rate Pain?
Mon, 3 Jun 2024 14:35:02 +1200 | RNZ
Interest rates went up to get inflation down. But are there other ways this could be achieved? More >>
Reserve Bank Activates Debt-to-Income Restrictions
Tue, 28 May 2024 11:36:27 +1200 | 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
Tue, 28 May 2024 09:23:06 +1200 | 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
Wed, 22 May 2024 14:36:42 +1200 | 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 >>
Why One Word From Reserve Bank Could Make All The Difference
Tue, 21 May 2024 19:59:30 +1200 | RNZ
Analysis - The Reserve Bank will update the official cash rate (OCR) on Wednesday. More >>
Reserve Bank Expected To Keep Official Cash Rate At 5.5 Percent
Mon, 20 May 2024 18:58:23 +1200 | RNZ
Analysis - The RBNZ is determined that inflation heads downwards - and stays there - and will be watching the Budget closely too, Gyles Beckford writes. More >>
Will Kiwis Ditch Cash? Reserve Bank Consults On Digital Currency
Sat, 18 May 2024 05:09:48 +1200 | Hugh Grant
This digital version of New Zealand's dollar has the potential to revolutionize the way Kiwis pay for goods and services, prompting the question: will cash eventually become a relic of the past?More >>
Deposit Takers Standards Open For Consultation
Thu, 16 May 2024 14:24:57 +1200 | 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 >>
Second Round Of Consultation On Funding Strategy For Depositor Compensation Scheme
Mon, 6 May 2024 16:22:41 +1200 | The Treasury
Te Tai Ōhanga - The Treasury has opened the second round of public consultation on the funding strategy for the Depositor Compensation Scheme (DCS), known as the Statement of Funding Approach (SoFA). Consultation is open from 6 May to 31 May 2024.More >>
Rural Towns Invited To Apply For Cash Service Trials As Challenges For Cash Users Grow
Fri, 3 May 2024 14:16:42 +1200 | 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 >>
FSF Responds To The Market Study Into Personal Banking Services - See Submission Highlights
Thu, 2 May 2024 07:44:27 +1200 | Financial Services Federation
“Without sufficient competition and disruption in banking services, New Zealand runs the risk of consumers missing out. We have highlighted our key concerns and recommendations to stop this from happening.”More >>
