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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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Kristin School wins Reserve Bank Monetary Policy Challenge

Release date 17 June 2019 Kristin School has taken out the top honours in the Reserve Bank of New Zealand’s 2019 Monetary Policy Challenge. Auckland Grammar School came second and Lynfield College placed third. Designed to expand students’ understanding and appreciation of monetary policy, the Monetary Policy Challenge has been a long-standing competition organised by the Reserve Bank since 2002. This year, 32 schools from across New Zealand participated and...

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Reserve Bank and Māori Language Commission partner to promote te reo Māori

Release date 13 June 2019 Te Pūtea Matua (the Reserve Bank of New Zealand) and Te Taura Whiri i Te Reo Māori (the Māori Language Commission) today signed a mahi tahi Memorandum of Understanding (MOU) to promote and embrace te reo Māori within the Central Bank. The agreement, signed by Reserve Bank Governor Adrian Orr and Māori Language Commission Tumuaki (Chief Executive) Ngahiwi Apanui, signals the start of a strategic partnership that will allow both parties to...

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Reserve Bank changes help to meet public expectations

Release date 05 June 2019 The Reserve Bank has significantly changed the way it makes monetary policy decisions, keeping itself in step with public expectations. In a panel discussion last week at the Institute for Monetary and Economic Studies (Bank of Japan) in Tokyo, Reserve Bank Assistant Governor and General Manager of Economics, Financial Markets and Banking Christian Hawkesby talked about the importance of good decision making and governance, and of being...

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Reserve Bank reveals Monetary Policy Challenge 2019 finalists

Release date 31 May 2019 The Reserve Bank’s new format Monetary Policy Challenge is shaping up to be an exciting competition, with six schools progressing to the final round of the competition. The six teams who have made it through to the finals of the 2019 Monetary Policy Challenge are Auckland Grammar School, Christchurch Girls’ High School, King’s College, Kristin School, Lynfield College, and Wellington Girls’ College. Auckland Grammar School was last...

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Work required to achieve financial resilience

Release date 29 May 2019 Statement from Reserve Bank Governor Adrian Orr when releasing the May Financial Stability Report: Tēnā koutou katoa, welcome all. The New Zealand financial system remains resilient to a broad range of economic risks. However, financial system risks remain elevated, and ongoing effort is necessary to bolster system soundness and efficiency. Domestically, debt levels are high in the household and dairy sectors, leaving borrowers and...

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Reminder: Have your say on bank capital levels

Release date 13 May 2019 Just one week remains for people to make a submission on the Reserve Bank proposals to make the banking system safer by increasing minimum bank capital. The Reserve Bank is consulting on proposals to increase the amount of capital banks must have. If implemented, the proposed change would ensure that bank shareholders have a meaningful stake in their bank, so that they absorb a greater share of losses their bank might face during...

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Official Cash Rate reduced to 1.5 percent

Tena koutou katoa, welcome all. The Official Cash Rate (OCR) has been reduced to 1.5 percent. The Monetary Policy Committee decided a lower OCR is necessary to support the outlook for employment and inflation consistent with its policy remit. Global economic growth has slowed since mid-2018, easing demand for New Zealand’s goods and services. This lower global growth has prompted foreign central banks to ease their monetary policy stances, supporting growth prospects. However, there is...

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