New Zealand

Arthur Grimes appointed to NZ c bank board

NEW ZEALAND - New Zealand's Finance Minister Michael Cullen said Wednesday that Arthur Grimes, one of the country's leading monetary policy specialists, had been appointed as a non-executive director of the Reserve Bank for a term of five years.

NZ's Brash - Encouraging signs from US

NEW ZEALAND - Reserve Bank of New Zealand Governor Donald Brash said Friday that there are "encouraging" signs of improvement from the U.S. but Japan remains the biggest risk to the local economy.

NZ Brash - Real prospect NZ econ will slow greatly

NEW ZEALAND - There is a "real" prospect of a significant downturn in the New Zealand economy over the next year, allowing interest rates to be lower than previously assumed without jeopardizing price stability, Reserve Bank Governor Donald Brash said…

NZ's Brash wary of deflation

Speaking at a roadshow aimed at small businesses today the Governor of the Reserve Bank of New Zealand, Donald Brash stressed that deflation was just as much a concern as inflation with regard to defining price stability.

A Look at China's Financial Reform

RESEARCH - A paper submitted to CentralBankNet by Wu Chang Ming, senior economist at the People's Bank of China, currently on secondment at the Reserve Bank of New Zealand.

NZ c bank cuts cash rate 50 basis points to 4.75%

NEW ZEALAND - The Reserve Bank of New Zealand Wednesday met market expectations by cutting its Official Cash Rate by 50 basis points to 4.75% and flagged the possibility of further interest rate cuts early next year if the global economy is worse than…

RBNZ directors - Breach of inflation target was OK

NEW ZEALAND - The Reserve Bank of New Zealand's breach of its official inflation target through much of the year ending 30 June, isn't a matter for concern, the central bank's non-executive directors said in its annual report issued Thursday 4 October.

RBNZ reminder re economic sanctions

NEWS RELEASE - The Reserve Bank has written to banks and financial institutions reminding them of their obligations in regard to United Nations sanctions that apply in New Zealand.

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