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Reserve Bank of New Zealand News Releases

Reserve Bank of New Zealand News Releases

The Reserve Bank of New Zealand is New Zealand’s central bank. We promote a sound and dynamic monetary and financial system.

Articles by Reserve Bank of New Zealand News Releases

Debt serviceability restrictions added to policy toolkit

3 days ago

[unable to retrieve full-text content]The Reserve Bank – Te Pūtea Matua and the Minister of Finance have agreed to update their shared Memorandum of Understanding (MoU) on macro-prudential policy and add debt serviceability restrictions to the list of potential tools available.

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A Strategic View of Te Pūtea Matua’s Balance Sheet

17 days ago

[unable to retrieve full-text content]Efforts to help reduce interest rates and restore confidence in financial markets have seen Te Pūtea Matua’s balance sheet almost triple in size, Reserve Bank Head of Financial Markets Vanessa Rayner says.

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Reserve Bank files High Court action against TSB Bank

23 days ago

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua has today filed a statement of claim in the High Court against TSB Bank Limited for acknowledged breaches of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009.

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Monetary Support Continued

24 days ago

[unable to retrieve full-text content]The Monetary Policy Committee agreed to maintain the current stimulatory level of monetary settings in order to meet its consumer price inflation and employment objectives. The Committee will keep the Official Cash Rate (OCR) at 0.25 percent, and the Large Scale Asset Purchase and Funding for Lending programmes unchanged.

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The Future is Māori

May 5, 2021

[unable to retrieve full-text content]With Māori values becoming an increasingly integral part of Aotearoa New Zealand’s society, the future of our economy is Māori, and it is bright, Reserve Bank Assistant Governor Christian Hawkesby says.

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Financial system sound, but vulnerabilities remain

May 4, 2021

[unable to retrieve full-text content]While New Zealand has so far come through the COVID-19 pandemic better than initially feared, vulnerabilities in the financial system remain, Reserve Bank Governor Adrian Orr says in releasing the May Financial Stability Report.

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New Deposit Takers Act a step closer

April 21, 2021

[unable to retrieve full-text content]A Cabinet decision to adopt the final measures resulting from the Reserve Bank Act Review will see drafting commence for new legislation to be known as the Deposit Takers Act.

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Monetary Stimulus Continued

April 14, 2021

[unable to retrieve full-text content]The Monetary Policy Committee agreed to maintain the current stimulatory level of monetary settings in order to meet its consumer price inflation and employment objectives. The Committee will keep the Official Cash Rate (OCR) at 0.25 percent, and the Large Scale Asset Purchase and Funding for Lending programmes unchanged.

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Reserve Bank responds to call for Climate Change consultation

March 28, 2021

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua has submitted a response to the Climate Change Commission’s Climate Action for Aotearoa consultation. This is the Commission’s first draft advice report to the Government on the steps New Zealand must take to reduce greenhouse gas emissions and address climate change.

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Reserve Bank's Payment and Settlement Systems win international award

March 22, 2021

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua has been named the winner of the ‘Payments and Market Infrastructure (Wholesale) Award’ at the Central Banking Publications annual awards. The award was given in recognition of the Reserve Bank’s work on its new payment settlement system launched last year.

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Insurance Solvency Standards refined by feedback

March 3, 2021

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua has released its decisions in response to submissions received on the Insurance Solvency Standards Principles and Timeline consultation launched late last year.

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Some Policy Lessons from a Year of COVID-19

March 3, 2021

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua was in a sound position to continue to meet its mandate in the face of the COVID-19 induced economic shock. However, we must continue to transform so as to remain relevant and effective in addressing longer-term challenges, Reserve Bank Governor Adrian Orr said.

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RBNZ Governor outlines housing direction

February 26, 2021

[unable to retrieve full-text content]In remarks for a Monetary Policy Statement presentation to the Canterbury Employers’ Chamber of Commerce today, Reserve Bank Governor Adrian Orr has elaborated on the direction received from the Minister of Finance, to have regard to house price sustainability when making its financial stability policy decisions.

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RBNZ supports focus on housing

February 24, 2021

[unable to retrieve full-text content]The Reserve Bank – Te Pūtea Matua welcomes the direction it has received today from the Minister of Finance. The Bank is tasked with considering how it can contribute to the Government’s housing policy objectives, consistent with its financial stability objective of promoting a sound and efficient financial system.

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Prolonged Monetary Stimulus Necessary

February 24, 2021

[unable to retrieve full-text content]The Monetary Policy Committee agreed to maintain the current stimulatory level of monetary settings in order to meet its consumer price inflation and employment remit. The Committee will keep the Official Cash Rate (OCR) at 0.25 percent, and the Large Scale Asset Purchase (LSAP) Programme of up to $100 billion and the Funding for Lending Programme (FLP) operation unchanged.

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Financial stability strengthened by firmer LVR restrictions

February 8, 2021

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua is putting in place more stringent loan-to-value ratio (LVR) restrictions to reduce the risks to financial stability caused by high-risk mortgage lending. The LVR restrictions do not apply to new residential construction.

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Terms of reference for independent review of data breach

January 28, 2021

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua has released the Terms of Reference for an independent KPMG review of Bank processes following the malicious illegal breach of a third-party file sharing application.

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E hauora ana, e matahuhua ana te ōhanga Māori, e ai ki ngā rangahau

January 27, 2021

[unable to retrieve full-text content]Ka nui te āhua matahuhua o te ōhanga Maori, waihoki he maha hoki ngā whāinga wāhi e tupu tonu ai ia ki tōna tino teitei, e ai ki ngā kitenga a tētahi pūrongo nā Te Pūtea Mātua The Reserve Bank of New Zealand rāua ko tana hoa kōtui, a Business and Economic Research Ltd (BERL).

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