RBNZ approves Wolfstrike’s purchase of lender FE investments

Article – BusinessDesk

May 26 (BusinessDesk) – The Reserve Bank has given the seal of approval to ASX-listed Wolfstrike Rentals Group to buy local financier FE Investments, the last hurdle the firms needed to cross in settling the deal. Read more »

RBNZ and FMA welcome new Global Code of Conduct

Press Release – Reserve Bank

The Reserve Bank and Financial Markets Authority have welcomed the release of a new code to promote good practice in the international foreign exchange market. Read more »

Reserve Bank renews currency swap facility with China

Press Release – Reserve Bank

The People’s Bank of China (PBOC) and the Reserve Bank of New Zealand today announced the renewal of a reciprocal currency arrangement (swap line) to support the settlement of cross border transactions between New Zealand and Chinese businesses. Read more »

Wheeler succeeds in rolling back market rate hike bets

Article – BusinessDesk

May 17 (BusinessDesk) – Reserve Bank governor Graeme Wheeler has prompted financial market traders to push back their bets for an interest rate hike by about three months with last week’s dovish monetary policy statement but there is scepticism among economists … Read more »

New Zealand hosts EMEAP central bank governors

Press Release – The Reserve Bank of New Zealand

The Reserve Bank of New Zealand hosted the 22nd annual Executives’ Meeting of East and Asia-Pacific (EMEAP) central banks in Auckland yesterday. Read more »

NZ central bankers are not fortune tellers

Article – BusinessDesk

May 15 (BusinessDesk) – New Zealand’s central bank monitors a wide range of data to gauge the current state of the economy and develop forecasts but “we are not fortune tellers,” Reserve Bank assistant governor and head of economics … Read more »

The value of forecasting in an uncertain world

Press Release – Reserve Bank

Forecasting is a valuable part of the monetary policy process, helping the Bank plan for the future, communicate its current understanding and intentions, and react to unexpected events, Reserve Bank Assistant Governor and Head of Economics Dr John … Read more »

NZ dollar trades below key support level

Article – BusinessDesk

May 12 (BusinessDesk) – The New Zealand dollar is heading for a 0.5 percent weekly decline, having tumbled yesterday after a ‘dovish’ Reserve Bank statement and traders said the kiwi could extend its decline if it ends the week below a key support level. Read more »

RBNZ sees slower credit growth as lenders compete

Article – BusinessDesk

May 12 (BusinessDesk) – The Reserve Bank expects credit growth to slow as banks fight more aggressively for deposits to fund their expanding loan books. Read more »

Dollar falls after RBNZ unexpectedly sticks to rate track

Article – BusinessDesk

May 11 (BusinessDesk) – The New Zealand dollar dropped after the Reserve Bank surprised investors by keeping its interest rate track unchanged, despite recent data showing a spike in inflation and a strong labour market. Read more »

RBNZ at odds with market economists over inflation outlook

Article – BusinessDesk

May 11 (BusinessDesk) – The Reserve Bank isn’t convinced inflation pressures are building to such an extent that it needed to tinker with its flat interest rate track, putting it at odds with market economists. Read more »

RBNZ’s Wheeler keeps OCR at 1.75%

Article – BusinessDesk

May 11 (BusinessDesk) – Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent and also kept the rate track unchanged, saying the recent jump in consumer prices may only be temporary. The kiwi dollar fell on disappointment … Read more »

HiFX Data Update – RBNZ Official Cash Rate Decision

Press Release – HiFX

The RBNZ have maintained the Official Cash Rate (OCR) at 1.75%. The key points in the RBNZ statement are: Reserve Bank of NZ maintains the Official Cash Rate at 1.75% Monetary policy will remain accommodative for considerable period Developments since … Read more »

Official Cash Rate unchanged at 1.75 percent

Press Release – Reserve Bank

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent. Read more »

NZ dollar little changed near 69 US cents

Article – BusinessDesk

May 10 (BusinessDesk) – The New Zealand dollar was little changed near 69 US cents ahead of the Reserve Bank’s monetary policy review tomorrow, where Reserve Bank governor Graeme Wheeler may bring forward the track of interest rate hikes. Read more »

NZ dollar gains vs Aust dollar as investors rethink

Article – BusinessDesk

May 9 (BusinessDesk) – The New Zealand dollar hit a two-month high against its trans-Tasman counterpart after weaker than expected consumer spending in Australia saw investors rethink the interest rate paths for the two nations. Read more »

Resilient NZ banking sector could use deeper capital buffers

Article – BusinessDesk

May 9 (BusinessDesk) – New Zealand’s major banks should be able to withstand a severe economic downturn, with profits helping cushion the blow, but could use deeper capital buffers, says the International Monetary Fund. Read more »

Westpac, BNZ see sense in RBNZ’s capital review

Article – BusinessDesk

May 9 (BusinessDesk) – Westpac New Zealand and Bank of New Zealand are relatively sanguine about the need for the Reserve Bank’s review of required capital levels to boost confidence in the solvency of the banking system, but see the regulator’s … Read more »

National should act to protect New Zealanders’ savings

Press Release – Green Party

National should act to protect New Zealanders savings National should follow todays advice from the International Monetary Fund (IMF) and implement deposit insurance to protect New Zealanders savings, the Green Party said. The IMFs … Read more »

Executive Board Concludes 2017 NZ Article IV Consultation

Press Release – International Monetary Fund

On May 3, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV Consultation [1] with New Zealand. Read more »

Next Page »