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Latest Reserve Bank Headlines
CoFR Seeking Feedback On Access To Basic Transaction Accounts
Wed, 23 Apr 2025 10:29:30 +1200 | The Reserve Bank of New Zealand
“Having a transaction account means people can safely receive, store, spend and save money. Transaction accounts are a vital foundation for people to take part in the modern economy,” says Governor of the Reserve Bank of New Zealand, Christian ...More >>
Latest Figures Confirm Inflation Back Under Control
Thu, 17 Apr 2025 11:18:49 +1200 | New Zealand Government
“This is the third consecutive quarter that inflation has remained within the bank’s target range and confirms the era of high inflation is over,” Finance Minister Nicola Willis says.More >>
Annual Inflation At 2.5 Percent In March 2025
Thu, 17 Apr 2025 10:59:27 +1200 | Stats NZ
“The annual inflation rate is within the Reserve Bank of New Zealand’s target band of 1 to 3 percent for the third consecutive quarter,” prices and deflators spokesperson Nicola Growden said.More >>
Madness To Slash Reserve Bank Budget At A Time Of Economic Challenge
Wed, 16 Apr 2025 14:33:10 +1200 | PSA
The bank’s inflation mandate is a key tool for economic management. It fights inflation so the economy can flourish without the damaging impacts of runaway inflation. More >>
Reserve Bank’s ‘Funding Cut’ Is Actually A Massive Increase
Wed, 16 Apr 2025 12:54:06 +1200 | Taxpayers' Union
Slapping the Reserve Bank’s ludicrous $1 billion funding request down to $775.6 million isn’t restraint — it’s just stopping them coming back for seconds. More >>
Leaner Reserve Bank Should Restore Inflation-Fighting Focus
Wed, 16 Apr 2025 12:30:28 +1200 | ACT New Zealand
Under Labour, the Reserve Bank used its resources to weigh into climate change and Treaty issues. Labour also distracted the bank further from its inflation-fighting mission by giving it a new employment target.More >>
The Reserve Bank Of New Zealand’s Five Year Funding Agreement Published
Wed, 16 Apr 2025 12:02:22 +1200 | The Reserve Bank of New Zealand
The FYFA has been set at $750m, with some elements of RBNZ’s spending excluded from the agreement.Board Chair Neil Quigley says: “Our new FYFA presents an opportunity for RBNZ to shape ourselves for the future. More >>
Reserve Bank Funding Reduction Agreed
Wed, 16 Apr 2025 10:59:13 +1200 | New Zealand Government
The bank initially sought funding of $1.03 billion for the coming five years, but the Treasury advised me that that amount did not represent good value for money. More >>
BNZ Cuts Home Loan Rates, Offers Market-Leading 18-Month Fixed Rate
Wed, 16 Apr 2025 07:27:28 +1200 | BNZ
The changes follow BNZ’s announcement last week that it will cut its floating home loan rates by 25 basis points, following the Reserve Bank’s OCR reduction. More >>
Westpac NZ Piloting Basic Bank Account To Improve Access To Banking
Mon, 14 Apr 2025 12:30:17 +1200 | Westpac
Westpac engaged closely with the Reserve Bank of New Zealand (RBNZ), as well as in consultation with the banking industry, to develop the pilot. The bank will take referrals for the pilot from community groups, as well as through Westpac’s Extra ...More >>
When Will Fixed Home Loan Rates Move?
Thu, 10 Apr 2025 16:58:59 +1200 | RNZ
Banks have shifted their floating rates in response to this week's official cash rate cut, but borrowers may have a little longer to wait before fixed rates move. More >>
We’re Moving Forward To The Past, And Calling For A 2.5% Cash Rate, As We Were Last Year
Wed, 9 Apr 2025 20:17:56 +1200 | Kiwi Economics
The outlook is weaker and global risks are escalating. The current environment simply demands more rate relief. And the Reserve Bank has rightly pronounced scope to lower the OCR further as appropriate.More >>
Recruitment Of New External Member To The Monetary Policy Committee
Wed, 9 Apr 2025 16:43:21 +1200 | The Reserve Bank of New Zealand
Board Chair Neil Quigley said that “suitably qualified candidates will be interviewed later this year and assessed against the appointment criteria, then the name of the candidate recommended by the Board will be provided to the Minister of Finance.”More >>
OCR: 3.5% - Further Reduction In OCR Appropriate
Wed, 9 Apr 2025 14:37:57 +1200 | The Reserve Bank of New Zealand
The recently announced increases in global trade barriers weaken the outlook for global economic activity. On balance, these developments create downside risks to the outlook for economic activity and inflation in New Zealand.More >>
Christian Hawkesby Appointed As Governor Of The RBNZ
Tue, 8 Apr 2025 15:56:21 +1200 | The Reserve Bank of New Zealand
Mr Hawkesby has been acting Governor since 5 March and will be Governor from 8 April for six months while the recruitment of a Governor to serve for a five-year term takes place. Mr Hawkesby’s appointment may be extended by the Minister of Finance ...More >>
Reserve Bank Appointment
Tue, 8 Apr 2025 15:41:25 +1200 | New Zealand Government
The appointment is effective from 8 April 2025 and can be extended by up to three months with written notice. More >>
Baked Into The Cake, We Await Another Rate Cut. RBNZ To Deliver 25bps
Thu, 3 Apr 2025 20:53:37 +1300 | Kiwi Economics
A 25bp cut in April is “baked into the cake” so to speak. The rates market is perfectly priced, so we’re unlikely to see much reaction. And if rates won’t react, then neither should the currency. It’s offshore developments, namely tariff ...More >>
Cutting The OCR Next Week 'Likely The Wrong Thing To Do' - Economist
Thu, 3 Apr 2025 08:58:58 +1300 | RNZ
Westpac's chief economist expects the RBNZ will go ahead with a smaller sized cut of 25 basis points to 3.5 percent. More >>
Process For The Appointment Of A Governor For A Six-month Term
Tue, 1 Apr 2025 11:42:47 +1300 | The Reserve Bank of New Zealand
The Reserve Bank continues business as usual with Deputy Governor Christian Hawkesby as Acting Governor and CEO until such time as the Minister makes an appointment under section 96 of the Reserve Bank Act 2021.More >>
Trump Tariffs Have Been Fool Of Surprises. What’s In The Cards For April 2nd?
Mon, 31 Mar 2025 19:55:22 +1300 | Kiwi Economics
Our COTW takes a look at the latest monthly jobs data from Stats NZ. After some hefty declines over 2024, the pace of job losses continues to flatten out. We're slowly crawling out of recession, but it'll take time and more sustained demand before we ...More >>
