New Zealand
RBNZ HQ closes for three months after renewed asbestos scare
Around 200 RBNZ employees are again displaced from the Wellington office, following a similar evacuation in May
No rate hike likely until 2020, says RBNZ’s Orr
Central bank leaves interest rates on hold as concerns around growth and inflation emerge
NZ parliament formally launches central bank review bill
The bill is now at the select committee stage, which usually takes around six months
New Zealand’s main banks pass stress tests
Tests cover wider range of risks, including concentration and misconduct risks
RBNZ plans update to monetary policy and prudential regulation
Changes are among several priorities outlined in 2018–21 statement of intent
RBNZ’s Bascand: too soon to decide on issuing digital currency
New technology could reduce payments efficiency and increase financial instability, deputy governor warns
Central bank digital currency of no benefit to financial stability – RBNZ research
CBDC could make New Zealand’s banking sector more susceptible to spillovers
People: Thailand appoints new deputy governor
The Central Bank of Chile appoints two division managers; RBNZ communications chief resigns
Have central banks created a ‘debt trap’? No, but ...
Tougher regulation has helped ensure extraordinary monetary policy has not caused a dangerous rise in private debt
RBNZ unveils banking sector dashboard
Interactive tool gives users a comparison of banks’ regulatory metrics at a glance
Not all payments will benefit from blockchain – RBNZ research
Article recognises cross-border payments could be made more efficient with blockchain, but says the technology is not mature enough for domestic transactions
Staff begin return to RBNZ HQ after asbestos scare
Central bank has been in “business continuity mode” but some staff have now returned
New Zealand governor accused of making partisan comments
As a fund CEO, Orr said he gave up funding earthquake rebuild; some interpreted his remark as an attack on the previous government
RBNZ probes banks’ conduct after Australian inquiry reveals malpractice
New Zealand regulators express alarm over revelations from Royal Commission
The IFF China Report 2018
Insight and opinion from China’s top leaders, policymakers and financiers
More older people and women joining labour force, RBNZ paper finds
New Zealand’s labour force participation has grown since 2000 and reached an all-time high in 2017
Central banks: the economy’s emergency responders
When economic infrastructure is destroyed during natural disasters, central banks spring into action, engaging contingency plans to ensure the economy continues to run
The IFF China Report 2018: The Belt and Road Initiative
China’s signature Belt and Road Initiative (BRI) now includes 71 countries, with trillions of dollars of investment allocated. Leading Chinese and international policymakers explain how BRI efforts are progressing. This section includes an inaugural…
New RBNZ mandate is evolution not revolution, says McDermott
Inflation-targeting framework has been tweaked several times already – assistant governor
Incoming RBNZ governor signs deal on new mandate
Agreement establishes dual mandate in the birthplace of inflation targeting; government reveals more details on changes to decision-making structure
Yield curve can help improve forecasts – RBNZ economists
Yield curve information tends to improve forecasts of economic activity, researchers find
Macro-prudential measures should be made to last – RBNZ’s Spencer
Outgoing governor wants temporary framework for loan-to-value ratios to stay; says debt-to-income instrument should also be part of toolkit
People: ECB clears way for de Guindos
Governing council says it has “no objection” to the Spanish candidate; Bank of England’s David Thorburn resigns; RBNZ gains a board member
RBNZ paper investigates weaker pass-through since 2008
Banks’ use of more stable funding sources seems to have weakened the effect of policy rate changes since 2008