Wednesday , December 19 2018
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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 publishes climate change strategy and joins global network

Release date 13 December 2018 The Reserve Bank today published a strategy focusing on how the Bank can contribute to efforts to mitigate the effects of climate change. The Bank has also been welcomed as member of the Network of Central Banks and Supervisors for Greening the Financial System (NGFS). The Network was set up in December 2017 at the Paris ‘One Planet Summit’ to strengthen the global response required to meet the goals of the Paris agreement. Reserve...

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RBNZ Senior Leadership Team appointment

Release date 12 December 2018 The Reserve Bank has appointed Patrick Hoerler to its Senior Leadership Team – as Assistant Governor and General Manager of Business Operations. Mr Hoerler joined the Reserve Bank in January 2017 and was most recently the Bank’s Head of Risk and Audit. As Assistant Governor and General Manager of Business Operations, Mr Hoerler will be leading the Bank’s Digital Services, Property Assets and Security teams and have responsibility for...

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CBL Insurance information disclosures

Release date 03 December 2018 The Reserve Bank has published further information about CBL Insurance (in liquidation) on its website. The web page provides access to a detailed timeline, High Court judgments, affidavits, responses to Official Information requests, and news media releases. In order to ensure transparency, and as further information becomes available, the Reserve Bank intends over time to update the CBL Insurance disclosure web page. More...

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Higher bank capital better for banking system and NZ

Release date 30 November 2018 We can improve the soundness of the New Zealand banking system by requiring banks to hold more capital with no trade-off to efficiency, Reserve Bank Governor Adrian Orr says. In a speech today to the Business New Zealand CEO Forum in Auckland, Reserve bank Governor Adrian Orr said that a banking system is sound only if it operates well in almost all circumstances and if the public is still confident in the system even when a bank...

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Joint statement from the South Pacific Governors' Meeting

Release date 29 November 2018 The Central Bank Governors of the South Pacific region met in Samoa on the occasion of the 33rd Pacific Central Bank Governors' meeting. The meeting's theme was ‘Strengthening Collaboration’, with the objective of promoting the prosperity and economic welfare of our member nations. At the conclusion of the meeting the Governors stated: "We the Pacific Central Bank Governors affirm our intention to leverage information technology to...

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Updated weights for Trade-Weighted Index

Release date 29 November 2018 The annual re-weighting of the Trade-Weighted Index (TWI) takes effect on Friday 30 November 2018. The TWI is a measure of the value of the New Zealand dollar relative to the currencies of New Zealand’s major trading partners. There are 17 currencies included in the TWI and each currency is weighted using the country’s two-way goods and services trade with New Zealand. The current TWI weights and those that will apply for the next 12...

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Reserve Bank to ease loan-to-value ratio restrictions

Release date 28 November 2018 Statement from Reserve Bank Governor Adrian Orr when releasing the November Financial Stability Report: Tena koutou, katoa, welcome all. Risks to New Zealand’s financial system have eased over the past six months, but vulnerabilities persist. In particular, households remain exposed to financial shocks due to their large mortgage debt burden. However, both mortgage credit growth and house price inflation have eased to more...

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Bulletin article summarises FinTech developments

Release date 19 November 2018 Growth in technology-enabled innovation in financial services, labelled ‘FinTech’, has been significant in recent years. A new article published in the Reserve Bank of New Zealand Bulletin summarises recent FinTech developments. It explains the technologies, giving examples across a number of broad FinTech categories, and explores their potential impact on the financial services industry, and on the Reserve Bank’s role as a...

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Bulletin article introduces survey of credit market conditions

Release date 13 November 2018 An article published today in the Reserve Bank Bulletin introduces the Credit Conditions Survey, which is one of the ways the Bank monitors changes in the credit market. Credit market conditions include the availability of credit and the willingness of households and businesses to use it. The market for credit plays an important role in New Zealand’s economy. Changes in credit market conditions can influence economic growth, as well...

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Reserve Bank consults on new mortgage bond standard

Release date 13 November 2018 The Reserve Bank today published a consultation paper proposing a new mortgage bond standard aimed at supporting confidence and liquidity in the New Zealand markets. This follows an initial consultation in November 2017 and ongoing discussion with issuers and investors over the past year. Deputy Governor Head of Financial Stability Geoff Bascand says the new standard aims to reduce contingency risks for the Reserve Bank as a lender...

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