New Zealand
RBNZ Monetary Policy Statement, March 2005
The Reserve Bank of New Zealand increased interest rates by 25 basis points to 6.75 per cent on Thursday 10 March. Speaking at the release of the March 2005 Monetary Policy Statement, RBNZ Governor Alan Bollard said with the economy remaining very strong…
20 years of a floating New Zealand dollar
The Reserve Bank of New Zealand noted on Wednesday 2 March that this week marks the 20-year anniversary of the float of the New Zealand dollar. The bank said that the floating exchange rate regime has weathered several business cycles and plenty of …
Issing praises RBNZ's Bollard
European Central Bank chief economist Otmar issing has singled out New Zealand's Reserve Bank governor, Alan Bollard, for his innovative thinking on asset price bubbles.
Bollard on New Zealand's potential growth rate
In a speech on 'New Zealand's potential growth rate' given on 28 January, Alan Bollard of the Reserve Bank of New Zealand said that if we want to see New Zealand's GDP per capita grow at the same rate over the next decade as it did in the previous ten…
RBNZ leaves interest rates unchanged
The Reserve Bank of New Zealand left interest rates unchanged at 6.50 per cent on Thursday. RBNZ governor Alan Bollard said the tightening in monetary policy over the past year currently looks sufficient to keep medium term inflation pressures in check.
NZ/Australian banking regulation
In January 2004, New Zealand's Minister of Finance and the Australian Treasurer announced a proposal for closer integration of the prudential regulation of the New Zealand and Australian banking systems. The RBNZ made public on Wednesday 10 January the…
Reserve Bank of New Zealand Bulletin, Dec 2004
The Reserve Bank of New Zealand has published the December 2004 issue of its Bulletin. An article in the latest issue reports on recent work examining foreign exchange hedging practices by New Zealand exporters and importers. A second article provides a…
RBNZ Monetary Policy Statement, December 2004
Speaking at the release of the Reserve Bank of New Zealand's December 2004 Monetary Policy Statement on Thursday 9 December, RBNZ Governor Alan Bollard said "As indicated in our October Review, we continue to expect that the current policy position will…
CLS Bank live with four additional currencies
CLS Bank International announced on Monday 6 December that it will settle payment instructions in four new currencies for the first time this week. This brings to fifteen the number of currencies eligible to settle through CLS Bank.
RBNZ's 'Snakes and ladders'
The Reserve Bank of New Zealand has issued a new publication that seeks to inform households about how to manage the risks inherent in saving and investing. The 48-page publication has been commissioned by the Reserve Bank and written by investment…
The RBNZ's website is changing
The Reserve Bank of New Zealand said on Monday 29 November that it it is making some changes to its website in early December. The site will have a new look,with some changes to the navigation.
RBNZ re-appoints two directors
Two non-executive directors, Alison Paterson and John Goulter, have been re-appointed to the board of the Reserve Bank of New Zealand for a further five years, Finance Minister Michael Cullen said this week.
RBNZ seeks Economics Department leader
The Reserve Bank of New Zealand said this week that it was looking for a self-motivated people manager to join the Bank's Economics Department to lead the Research team.
RBNZ warns financial stability stakes higher
Reserve Bank of New Zealand Deputy Governor Adrian Orr warned in a speech in Napier to the New Zealand Society of Actuaries entitled "A prosperous but vulnerable nation" that the rise in New Zealand's external debt in recent years stresses the need for…
Changes to New Zealand's `silver' coins?
The Reserve Bank of New Zealand announced on 11 November details of proposals to modernise New Zealand's `silver' coloured coins. The Reserve Bank emphasised that no decisions have been made, and is now seeking feedback from the public.
RBNZ increases OCR to 6.50 per cent
The Reserve Bank of New Zealand announced on Thursday 28 October that it has increased the Official Cash Rate from 6.25 per cent to 6.50 per cent.
RBNZ Financial Stability Report, October 2004
The Reserve Bank of New Zealand on Thursday 21 October issued the first of a regular series of Financial Stability Reports which will assess the current state of New Zealand's financial system. Topics covered in the October 2004 report include: a review…
Reserve Bank of New Zealand - Annual Report 2004
The Reserve Bank of New Zealand has published its Annual Report for 2004. In the Governor's Statement Alan Bollard said by the end of 2003 it became clear that, contrary to most economists' forecasts, New Zealand's strong economic growth was not slowing…
Reserve Bank of New Zealand Bulletin, Sep 2004
The Reserve Bank of New Zealand released the September 2004 issue of its Bulletin on 6 October. The September issue includes two speeches recently given by the Governor - one on the banking supervision framework and the other on the New Zealand property…
RBNZ's Bollard on supervising foreign-owned banks
In a speech on 'Being a responsible host: Supervising foreign-owned banks' given on 2 October, Alan Bollard of the RBNZ outlined the particular challenges increasingly facing countries with banking systems dominated by foreign banks. He also discussed…
RBNZ increases OCR to 6.25 per cent
The Reserve Bank of New Zealand has increased the Official Cash Rate from 6.00 per cent to 6.25 per cent. The RBNZ said that further tightening of monetary policy is likely to be required.
NZ's Cullen apologises for interest rate 'slip'
Finance Minister Michael Cullen has apologised after saying that the Reserve Bank of New Zealand had raised its key interest rate "today" - the RBNZ is due to meet on Thursday 9 September to decide monetary policy.
NZ's Bollard on the property sector
In the speech 'What's happening in the property sector?' given on 2 September, Alan Bollard of the RBNZ reminded investors in property - rural, industrial and commercial, and residential - that property markets are inherently subject to cycles and market…
RBNZ issues Statement of Intent
The Reserve Bank of New Zealand has made public a Statement of Intent which outlines the Bank's plans for the period 2004 to 2007. This Statement of Intent has been prepared as a pilot document for an accountability obligation that will be required of…