Reserve Bank of New Zealand (RBNZ)
New Zealand’s banking system operationally ready for negative rates
Central bank will lower rates below zero lower bound if required, MPC says
Evidence of central bank research bias is ‘mixed’ – RBA paper
Results contrast with another recent study that found bias in research on QE
Earlier disclosure by third party could have prevented data breach – Orr
RBNZ could have avoided breach if patch had been deployed sooner, governor says
RBNZ appoints KPMG to report on data breach
Report due by end of March and will be considered with Deloitte review of accidental leak
MAS enhances cyber risk guidelines as risks grow
Authority warns “spate” of cyber attacks have targeted suppliers of IT services
RBNZ announces independent inquiry into data breach
Governor takes personal responsibility and says NZ financial system remains sound
RBNZ suffers data breach in third-party system
Governor says breach is “contained” and investigations are ongoing
House price consideration could be added to mandate – RBNZ’s Orr
New Zealand’s governor argues house prices are not the remit of monetary policy
The dawn of average inflation targeting
The Fed has failed to explain how it will calculate the ‘average’ for its new AIT framework, raising new risks that central bankers would do well to reflect on
Norges Bank deputy governor resigns over security clearance
Deputy governor in charge of world’s largest SWF denied clearance because of wife’s residence in China
Forecast errors marginally higher for growth than inflation
Data shows contrast between advanced and emerging economies
RBNZ to re-impose loan-to-value limits from March 2021
Central bank records increase in mortgages granted to high-risk lenders
RBNZ considers greater focus on house prices in MPC decisions
Government is concerned house price rises are excluding people from the market
RBNZ launches review of accidental disclosure
Information on new funding for lending programme was released before policy was officially unveiled
RBNZ extends some emergency measures
New Zealand central bank delays capital changes again and may reinstate LTV limits
RBNZ launches funding for lending programme
Central bank avoids taking rates negative but says the policy remains an option
RBNZ warns of cyber risk from cloud
Draft guidelines would mandate firms to notify RBNZ over outsourcing critical functions to cloud
RBNZ looks to bolster capabilities as ‘steward’ of the cash system
Central bank launches review of cash system and increases engagement with financial industry
RBNZ hints at further stimulus by the end of the year
Central bank says banking sector is on track to be prepared for negative rates
Stress-test results reinforce need for capital review – RBNZ
Under very severe scenario, banks need significant capital injections
New Zealand becomes first country to mandate climate risk disclosures
Several governments are working to enshrine TCFD framework in law
2019 a bumper year for coins – RBNZ data
Over 120 million coins were minted for New Zealand’s central bank last year
RBNZ to chair Pacific infrastructure working group
New Zealand central bank given role after drafting law on FMI regulation
RBNZ investigating use of negative rates, official says
New Zealand central bank would only use measure if necessary, assistant governor says