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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

Reserve Bank and FMA finalise FMI regulatory framework

9 days ago

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua and the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko have released their finalised framework for assessing the systemic importance of Financial Market Infrastructures (FMIs) following consultation with industry and stakeholders.

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Urban myth spoiling Christchurch Christmas Cash

December 20, 2021

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua says an urban myth picking up speed in Christchurch has genuine banknotes being refused and damaged, and honest Cantabs accused of passing counterfeits.

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Stress tests show strengthening bank resilience

December 6, 2021

[unable to retrieve full-text content]The latest stress tests carried out by the Reserve Bank of New Zealand – Te Pūtea Matua show strengthening resilience in the banking sector and the benefits of continuing to build capital buffers.

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Reserve Bank responds to climate consultations

December 1, 2021

[unable to retrieve full-text content]To better understand and help mitigate financial risks of climate change, the Reserve Bank of New Zealand – Te Pūtea Matua has made submissions to two climate-related consultations.

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MPC continues to reduce monetary stimulus

November 24, 2021

[unable to retrieve full-text content]The Monetary Policy Committee agreed to raise the Official Cash Rate (OCR) to 0.75 per cent. The Committee agreed it remains appropriate to continue reducing monetary stimulus so as to maintain price stability and support maximum sustainable employment.

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Housing matters for financial stability risks

November 1, 2021

[unable to retrieve full-text content]The unsustainable level of house prices poses monetary and financial stability challenges, Reserve Bank of New Zealand – Te Pūtea Matua – Governor Adrian Orr says in a speech published today to the Property Council of New Zealand Retail Conference.

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Climate Changed 2021 & Beyond

October 25, 2021

[unable to retrieve full-text content]In a report released today, Climate Changed 2021 and Beyond, the Reserve Bank of New Zealand – Te Pūtea Matua outlined its actions to mitigate and manage the significant economic risks associated with climate change.

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Review of overseas bank branches underway

October 19, 2021

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua is reviewing its policy for branches of overseas banks to keep pace with the evolving global regulatory environment.

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Māori Bankers Rōpū established

October 17, 2021

[unable to retrieve full-text content]Māori leaders from the banking sector have established the first Māori Bankers Rōpū (group), known as Tāwhia, to share ideas and deepen the understanding of key issues for Māori within the banking sector.

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Robust balance sheets yield faster economic recovery

October 14, 2021

[unable to retrieve full-text content]Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions, Deputy Governor Geoff Bascand says in a speech published today.

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Views sought on enforcement framework

October 12, 2021

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua is seeking views on its enforcement framework to promote confidence in compliance across the sectors we regulate.

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Monetary Stimulus Further Reduced – Official Cash rate raised to 0.50 percent

October 6, 2021

[unable to retrieve full-text content]The Monetary Policy Committee agreed to increase the Official Cash Rate (OCR) to 0.50 per cent. Consistent with their assessment at the time of the August Statement, it is appropriate to continue reducing the level of monetary stimulus so as to maintain low inflation and support maximum sustainable employment.

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Maintaining focus on economic wellbeing and prosperity

October 3, 2021

[unable to retrieve full-text content]Over the past year Te Pūtea Matua – the Reserve Bank of New Zealand has delivered on its role as kaitiaki (guardian) of Aotearoa New Zealand’s financial system. Central to this has been meeting our ongoing mandates and growing our capabilities to respond to new challenges and unexpected events.

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Reserve Bank consults on the future of money

September 29, 2021

[unable to retrieve full-text content]“Commercial banks, the wider cash industry and Te Pūtea Matua (the Reserve Bank) need to seize opportunities and innovate to ensure that the cash, money and ways to pay continue to serve New Zealanders’ needs,” says Assistant Governor Christian Hawkesby following the release of two issues papers today for public consultation.

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Reserve Bank tightens LVR restrictions

September 22, 2021

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua will proceed with its proposal to tighten Loan-to-Value Ratio (LVR) restrictions on lending to owner-occupiers to reduce risky mortgage lending.

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A “least regrets” approach to uncertainty

September 20, 2021

[unable to retrieve full-text content]The Reserve Bank of New Zealand – Te Pūtea Matua makes decisions about official interest rates in a way that is robust in the face of uncertainty about the economy, Reserve Bank Assistant Governor Christian Hawkesby says in a speech published today*.

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