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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.

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Reserve Bank Manager Communications appointed

Release date 19 October 2018 The Reserve Bank today announced the appointment of Naomi Mitchell to the new position of Manager Communications at the Reserve Bank of New Zealand.  The Reserve Bank’s Governor Adrian Orr says he is delighted with the appointment as Naomi brings a wealth of experience to the role, having been with the Bank as an adviser in the Communications team for the last six years. Prior to joining the Bank, Naomi worked in print and broadcast...

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Secretary to the Treasury invited to observe monetary policy meetings

Release date 16 October 2018 The Secretary to the Treasury, Gabriel Makhlouf, has accepted Reserve Bank Governor Adrian Orr’s invitation to attend monetary policy deliberation and decision meetings as an observer from the end of this month. Mr Orr extended the invitation to deepen Mr Makhlouf’s understanding of the process leading into a monetary policy decision, with the aim of ensuring a smooth transition to a new monetary policy framework. This invitation...

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Reserve Bank Financial Strength Dashboard proving popular

Release date 04 October 2018 Visitors and feedback on the Reserve Bank’s Financial Strength Dashboard have exceeded expectations, and the Bank is committed to enhancing the tool to further enrich disclosures. The Reserve Bank launched the Dashboard in May. It is an innovative, online, interactive tool for sharing bank data which allows the public to better understand and compare banks’ businesses and risks. Dashboard usage statistics show it had more visits in...

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NZ Financial system remains sound while the Reserve Bank innovates for the future

Release date 02 October 2018 New Zealand’s financial system remains sound and resilient, and the Reserve Bank is undergoing significant innovation to prepare for the future, according to the Bank’s Annual Report 2017-18 released today. “The ongoing review of the Reserve Bank Act, and more recent performance and relationship management initiatives, will ensure that there is no ‘business as usual’ for us for some time to come,” Governor Adrian Orr says. “Our recent...

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RBNZ comment on CBLI court judgment released today

Release date 01 October 2018 The Reserve Bank continues to support the full liquidation of CBL Insurance Ltd (CBLI). The High Court appointed interim liquidators to CBLI in February after an application by the Reserve Bank. The interim liquidators had since applied for court sanction for a transaction they had negotiated with CBLI’s major creditor. The application was opposed by other parties – including one other creditor, the remaining directors of CBLI and the...

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Armistice day coin rolls into circulation

Release date 01 October 2018 From today, instead of receiving the usual 50 cent coin in your change, you may be lucky enough to receive a brand new Armistice Day coin of the same value. The new coin is a legal tender, coloured, circulating 50c coin to remember the sacrifices made by service personnel and their families to bring peace to New Zealand and the world. You can spend it, or keep it to remember. Two million of these coins have been minted. The standout...

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OCR unchanged at 1.75 percent

Release date 27 September 2018 Statement by Reserve Bank Governor Adrian Orr: The Official Cash Rate (OCR) remains at 1.75 percent. We expect to keep the OCR at this level through 2019 and into 2020. The direction of our next OCR move could be up or down. Employment is around its sustainable level and consumer price inflation remains below the 2 percent mid-point of our target, necessitating continued supportive monetary policy. Our outlook for the OCR assumes...

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The Journey of Te Pūtea Matua: Our Tāne Mahuta

Release date 24 September 2018 Te Pūtea Matua is the Māori name for the Reserve Bank of New Zealand. This article presents a broad picture of Te Pūtea Matua’s heritage, role, and interdependencies both within the Bank and economy-wide. “The Reserve Bank team want to tell our story of how we fit together, and show respect to past, present, and future New Zealanders. Understanding our origin is especially important in times of change, which we are experiencing at...

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Consultation details announced for Phase 2 of the Reserve Bank Act Review

Release date 10 September 2018 Released by the Treasury on 10 September 2018 The joint Treasury and Reserve Bank Team undertaking Phase 2 of the Government’s Review of the Reserve Bank Act has released the outline of how Phase 2 will proceed. Consultation will run from November 2018 until late January 2019 to initially seek stakeholder views on the following topics set out in the terms of reference released by Minister of Finance Grant Robertson on 7 June 2018:...

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Geopolitics, New Zealand and the winds of change

Release date 07 September 2018 A long-term focus is key to promoting economic growth and developing a healthy financial ecosystem, Reserve Bank Governor Adrian Orr said today. Mr Orr delivered an address to the Financial Services Council and Workplace Savings NZ’s national conference – Shaping Futures – in Auckland this morning. “Too often, due to short-termism, we view economic growth as something that comes at the expense of a sustainable environment, or...

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