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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 Monetary Policy Challenge

Release date 06 July 2017 Kristin School (Auckland) has been named the national winner of the 2017 Reserve Bank of New Zealand Monetary Policy Challenge. Macleans College (Auckland) placed second and Saint Patrick’s College (Kilbirnie, Wellington) came third.    The team from Kristin School (from left) Amar Hamilton-Vincent, Bruce Zhang, Rory Sutherland, William Baker, and Christine Zhang each won $500 for themselves and $2500 for their school by winning the...

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Survey shows insurers need to up their game

Release date 29 June 2017 The Reserve Bank today published a report on compliance by insurers with the requirements to disclose their financial strength ratings and solvency information. A recent survey by the Reserve Bank of a sample of 36 of the 89 licensed insurers found that the overall level of compliance with disclosure rules was well short of minimum requirements, with 53 percent of respondents complying at a low or poor level, and only 22 percent...

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Statement of Intent outlines RBNZ's priorities

Release date 28 June 2017 The Reserve Bank's commitment to price and financial stability in an uncertain global environment is underlined in the Bank's Statement of Intent (SOI) for 2017-2020. The Reserve Bank supports economic growth by targeting price stability, promoting a sound and efficient financial system, and meeting the public's currency needs. The SOI, signed off on 16 June, outlines the nature of the Bank’s work programme over the next three...

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Reserve Bank broadens engagement with stakeholders

The Reserve Bank continues to broaden its engagement with a diverse range of stakeholders to provide accountability, and to promote understanding and dialogue, Head of Communications, Mike Hannah, said in a speech released today. Speaking to the Canterbury branch of the Institute of Directors in Christchurch yesterday evening, Mr Hannah said that the Bank’s relationships were crucial to achieving the Bank’s policy objectives. “We rely heavily on the behaviours of households and businesses...

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Official Cash Rate unchanged at 1.75 percent

Release date 22 June 2017 Statement by Reserve Bank Governor Graeme Wheeler: The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Global economic growth has increased and become more broad-based.  However, major challenges remain with on-going surplus capacity and extensive political uncertainty. Headline inflation has increased over the past year in several countries, but moderated recently with the fall in energy prices....

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Bulletin article outlines recent developments in financial market benchmarks

Release date 16 June 2017 An article published today in the Reserve Bank Bulletin provides an overview of the importance of benchmarks, which are used to price, value and evaluate financial market transactions. The Bulletin article notes the need for financial market benchmarks to be reliably measured, transparent and supported by strong governance arrangements. The article also explores the way that regulators worldwide are implementing reforms for...

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Bulletin article reviews current economic expansion

Release date 15 June 2017 The sensitivity of the New Zealand economy to global developments has been underlined in the Reserve Bank Bulletin. An article published today examines the current economic expansion since 2009, comparing it with earlier expansions in order to highlight current features. The current period has unique characteristics. While this economic expansion has in part been shaped by the Canterbury rebuild, the rebuild itself has been less...

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Reserve Bank offers to purchase NZ Government December 2017 nominal bonds

Release date 14 June 2017 As is usual ahead of a government bond maturity, and as advised by the New Zealand Debt Management Office on 25 May 2017, the Reserve Bank offers to purchase NZ government bonds maturing 15 December 2017 for liquidity management purposes. Purchases will either be held to maturity on the Bank's balance sheet, or on-sold to the New Zealand Debt Management Office (where the bonds will be cancelled). This offer opens at 10:00am on 19 June...

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Debt to Income limit consultation

Release date 08 June 2017 The Reserve Bank today published a consultation paper seeking feedback on serviceability restrictions such as debt to income (DTI) limits being added to its macro prudential toolkit. The Bank is seeking feedback from stakeholders on: the risks posed by high DTI lending and the potential for a DTI limit or similar policy to ameliorate these risks; alternative policies under the Reserve Bank’s control and how they would compare to...

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