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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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Acting with integrity – for all New Zealanders

Release date 11 October 2019 Statement from the Reserve Bank of New Zealand’s Senior Leadership Team Leading the people at the Reserve Bank of New Zealand is an absolute privilege, and we never take that for granted. We are surrounded by incredibly clever and dedicated people who are driven by the shared values we have at Te Pūtea Matua: inclusion, integrity, and innovation. Every day we come to work with the same ambition and drive – to serve all New Zealanders...

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Reserve Bank seeks views on expanded stewardship role for cash

Release date 02 October 2019 Cash system participants and the wider public are being asked for their views about the Reserve Bank of New Zealand taking a more active role in the cash system. A consultation paper has been released today as part of the Bank’s ongoing Future of Cash – Te Moni Anamata programme which is considering the implications for New Zealanders of falling cash use for every-day transactions, including the impacts on the system that supplies,...

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Reserve Bank releases independent analysis of Capital Review

Release date 01 October 2019 The Reserve Bank has today released three independent international experts’ assessments of its Capital Review. The proposals aim to protect the public from the personal, social, and economic impacts of a potential bank failure. The independent experts were commissioned to consider the analysis and advice underpinning the proposals. “Each independent reviewer signalled their support with the direction proposed in the Capital Review,”...

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NZ economy resilient while the Reserve Bank responds to change

Release date 30 September 2019 The New Zealand economy has proved resilient through a period of weakening global growth and heightened global uncertainty according to the Reserve Bank’s Annual Report 2018-19 released today. “Our economic and policy environment is constantly changing, and we’re evolving with it to ensure we’re ready to meet the needs of New Zealanders now and in the future,” Governor Adrian Orr says. “Throughout the year our priorities focused on...

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Māori long-term business values provide lessons

Release date 27 September 2019 The Reserve Bank of New Zealand’s Governor, Adrian Orr, spoke at the Federation of Māori Authorities Me Uru Kahikatea (FOMA) annual conference in Nelson today, which is in its 32nd consecutive year. Governor Adrian Orr praised Māori businesses for their sustainable and innovative approach to business: "the economic practices of your tīpuna are well known to have been, and continue to be, long-term and inter-generational. Your...

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Reserve Bank confirms green bond investment

Release date 27 September 2019 The Reserve Bank has affirmed its Climate Change Strategy through the investment of US$100 million of green bonds. The investment was made via the Bank for International Settlements’ USD Green Bond Investment Pool (BISIP G1), which was launched in response to growing demand for climate-friendly investments among central banks, says Reserve Bank Governor Adrian Orr. “The green bond investment pool was developed with the objective of...

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Opportunity or Risk? Our choice

Release date 26 September 2019 New Zealand is in a sound position to both seize the opportunities and manage the challenges associated with the global low interest rate environment, the Reserve Bank Governor said in a speech today. Governor Adrian Orr told the NZX Issuer Forum in Auckland that the global low interest rate environment is providing opportunities and challenges for central banks around the world, and New Zealand is not alone. Mr Orr said low...

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Official Cash Rate unchanged at 1 percent

The Official Cash Rate (OCR) remains at 1.0 percent. The Monetary Policy Committee agreed that new information since the August Monetary Policy Statement did not warrant a significant change to the monetary policy outlook. Employment is around its maximum sustainable level, and inflation remains within our target range but below the 2 percent mid-point. Global trade and other political tensions remain elevated and continue to subdue the global growth outlook, dampening demand for New...

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Policy on banks' reporting of breaches to aid transparency

Release date 23 September 2019 The Reserve Bank will be reporting material breaches from banks on its website from next year, in an effort to improve transparency and market discipline. The decision follows a public consultation on the matter late last year, and ongoing discussion with stakeholders on a new framework for the reporting of banks’ breaches. The Reserve Bank today published a summary of submissions and final policy decisions on the reporting and...

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FMA and RBNZ disappointed with insurers response to conduct and culture review

Release date 17 September 2019 The Reserve Bank of New Zealand (RBNZ) and Financial Markets Authority (FMA) today released their findings on life insurers’ responses to the joint Conduct and Culture Review. Overall, the regulators were disappointed by the responses. Significant work is still needed to address the issues of weak governance and ineffective management of conduct risk, identified in the regulators’ report earlier this year. Rob Everett, FMA Chief...

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