Scoop has an Ethical Paywall
Latest Reserve Bank Headlines
Inflation Expectations Up, Net Migration Down, Housing Staggers Sideways
Tue, 19 Nov 2024 08:45:51 +1300 | Kiwi Economics
The RBNZ has kept the Kiwi economy in a chokehold over the past couple of years to kill inflation. But now, the inflation beast has been slayed. And we need the RBNZ to loosen its grip fast – before doing any more unnecessary damage to the economy.More >>
Reserve Bank Issues Warning To Quest Insurance Group Limited
Tue, 12 Nov 2024 10:18:46 +1300 | The Reserve Bank of New Zealand
As a prudential regulator the Reserve Bank has responsibility to ensure that all regulated entities (banks and insurers) follow the proper rules and regulations to ensure that New Zealand’s financial system is resilient.More >>
Forged Cash Seized In Te Kauwhata Search Warrants
Thu, 7 Nov 2024 18:03:31 +1300 | New Zealand Police
Police located ammunition, forged bank notes, equipment to create forged bank notes, and drug utensils at both addresses yesterday. A stolen vehicle was also located at one of the addresses.More >>
The Recession Continues…With A Triple Trough
Wed, 6 Nov 2024 20:33:47 +1300 | Kiwibank
The labour market has more catch up to do. We still see the unemployment rate on track to exceed 5% in the coming year – peeling further and further away from the 3.2% low.More >>
Financial System Remains Resilient Amidst Economic Downturn
Tue, 5 Nov 2024 09:26:17 +1300 | The Reserve Bank of New Zealand
Financial stability is critical for economic wellbeing. Trust and confidence in our financial system is essential for ensuring New Zealanders can safely save, borrow, and manage financial risk.More >>
Geopolitical Tensions Highlighted As Risk To Financial Stability
Mon, 4 Nov 2024 11:12:01 +1300 | The Reserve Bank of New Zealand
The findings are being pre-released from our upcoming Financial Stability Report and highlight the importance of proactive risk evaluation and management to safeguarding New Zealand’s financial stability.More >>
“The Global Battle Against Inflation Is Almost Won”
Thu, 31 Oct 2024 20:15:46 +1300 | Kiwi Economics
The IMF made no change to its global growth forecasts. The global economy is still expected to grow 3.2% this year and next, which the IMF describes as “stable yet underwhelming”. More >>
Home Buyers Remain Cautious In Subdued Housing Market
Thu, 31 Oct 2024 11:11:31 +1300 | The Reserve Bank of New Zealand
“House prices remain a stretch for many prospective buyers and are hovering around the top of our estimate of sustainable levels. Banks are currently facing competitive pressures to attract a limited pool of creditworthy borrowers, ” Mr Watt says.More >>
Navigating Monetary Policy Through The Unknown: A Speech By RBNZ Governor Adrian Orr
Thu, 24 Oct 2024 09:12:12 +1300 | The Reserve Bank of New Zealand
“Navigating monetary policy, with a 1 to 2-year lag between policy action and ultimate outcome, is akin to ocean circumnavigation,” Mr Orr says. More >>
Government To Overhaul Anti-Money Laundering Regime
Wed, 23 Oct 2024 09:44:21 +1300 | New Zealand Government
“Cabinet has approved an AML/CFT reform work programme which will change the supervisor structure that monitors AML/CFT compliance and introduce a new funding model for the system.More >>
RBNZ Speech: Liquidity Management - Principles For Liquidity Provision & The End Of An Abundant Era
Tue, 22 Oct 2024 13:00:43 +1300 | The Reserve Bank of New Zealand
Assistant Governor Karen Silk explained the principles the Reserve Bank has formalised to ensure tools deployed to support market functioning are effective but remain targeted and temporary. More >>
RBNZ Releases Its Inaugural Climate-Related Disclosure
Thu, 17 Oct 2024 12:01:53 +1300 | The Reserve Bank of New Zealand
“This disclosure details the steps we are taking to enhance RBNZ’s resilience to risks while supporting the transition to a climate-resilient, low-emissions economy,” Ms Robbers says.More >>
Ex-Staffer Wants Reserve Bank To Dump Gender And Ethnic Balance Requirements
Wed, 16 Oct 2024 18:26:41 +1300 | RNZ
He says it currently lacks directors with the requisite level of knowledge and experience in financial sector regulatory and financial stability issues. It is poorly equipped to do its job effectively, as has been only too evident in reading Reserve Bank annual ...More >>
The Cost-of-living Crisis Is Coming To An End, With Inflation Back Within The RBNZ’s Target Band
Wed, 16 Oct 2024 15:50:29 +1300 | Kiwi Economics
Policy settings are still restrictive, but more interest rate cuts are coming. We expect another 50bp cut in Nov. Falling inflation, and falling interest rates will help household budgets, and business opex.More >>
Sluggish Economy Means Struggles Ahead For Kiwis
Wed, 16 Oct 2024 11:49:00 +1300 | New Zealand Labour Party
“Inflation is at 2.2 percent, but the rest of the economy is sluggish,” Labour finance spokesperson Barbara Edmonds said. More >>
Annual Inflation At 2.2 Percent
Wed, 16 Oct 2024 11:10:19 +1300 | Stats NZ
The 2.2 percent annual increase follows a 3.3 percent annual increase in the June 2024 quarter. More >>
RBNZ Governor Adrian Orr's Keynote Speech: Improving Māori Access To Capital
Mon, 14 Oct 2024 09:31:25 +1300 | The Reserve Bank of New Zealand
“Improving Māori access to capital is a powerful enabler we all need to collectively prioritise,” Mr Orr says. More >>
Closing In On The 2% Target
Fri, 11 Oct 2024 17:05:31 +1300 | Kiwi Economics
We now see inflation falling closer to the midpoint of the target band. Because recent monthly price data have shown that strong downward momentum in imported inflation continues. Falling petrol prices leads the way.More >>
Tack And Jibe Like An AC75. The RBNZ Delivers 50bp!
Wed, 9 Oct 2024 17:20:26 +1300 | Kiwi Economics
The market reaction was relatively muted given that the outsized move was largely priced. An already soft Kiwi dollar was pushed slightly lower, and wholesale interest rates were little changed.More >>
OCR 4.75% – Monetary Restraint Reduced As Inflation Converges To Target
Wed, 9 Oct 2024 15:59:27 +1300 | The Reserve Bank of New Zealand
The New Zealand economy is now in a position of excess capacity, encouraging price- and wage-setting to adjust to a low-inflation economy. Lower import prices have assisted the disinflation.More >>
