New Reserve Bank dashboard to shed light on banks’ liquidity

Article – BusinessDesk

May 23 (BusinessDesk) – Until now, getting a clear picture of how the country’s banks stack up against each other could be a tortuous process, involving trawling through various bank sites, or a large and relatively incomprehensible spreadsheet on the … Read more »

Work well underway at RBNZ building

Press Release – The Reserve Bank of New Zealand

Work is well under way to test air quality on all levels of the Reserve Banks Wellington premises, after a trace of asbestos was found on level 1 during a routine inspection on Wednesday. Read more »

NZ central bank HQ evacuated after trace of asbestos found

Article – BusinessDesk

May 16 (BusinessDesk) – New Zealand’s central bank has temporarily evacuated its headquarters in Wellington after a trace of asbestos was found. Essential operations will occur out of its Auckland premises. Read more »

UPDATE: CBL administrators recommend liquidation

Article – BusinessDesk

(recasts lede and adds detail throughout after the voluntary administrators recommend the company be put into liquidation) Read more »

NZ dollar heads for 0.8% weekly decline

Article – BusinessDesk

NZ dollar heads for 0.8% weekly decline after RBNZ affirms rates to stay low Read more »

Mkt needs to be ‘more comfortable’ with low rates: Orr

Article – BusinessDesk

Mkt needs to be ‘more comfortable’ with low rates until business shifts behavior says Orr Read more »

Reserve Bank keeps cash rate at 1.75%

Press Release – RNZ

The Reserve Bank has held its cash rate unchanged as expected amid subdued inflation and moderate economic growth. Read more »

CBL administrators announce date for watershed meeting

Article – BusinessDesk

May 11 (BusinessDesk) – CBL Corp’s voluntary administrators say a creditors’ watershed meeting will be held next week, with their opinion on whether the company should be liquidated to be released today. Read more »

NZ dollar falls across the board

Article – BusinessDesk

NZ dollar falls across the board after RBNZ’s Orr keeps OCR at 1.75%, signals no change Read more »

Orr pledges to address central bank’s lack of open dialogue

Article – BusinessDesk

May 10 (BusinessDesk) – Reserve Bank governor Adrian Orr greeted journalists in English, Maori and sign language and pledged to address a lack of open dialogue at the central bank in his first press conference at the helm. Read more »

UPDATE: RBNZ’s Orr keeps OCR at 1.75% in first outing

Article – BusinessDesk

May 10 (BusinessDesk) – New Reserve Bank governor Adrian Orr kept the official cash rate at 1.75 percent and said the direction of the next move is equally balanced and could be up or down, although its forecasts continue to point to eventual rate … Read more »

RBNZ’s Orr keeps OCR at 1.75% in first outing

Article – BusinessDesk

May 10 (BusinessDesk) – New Reserve Bank governor Adrian Orr kept the official cash rate at 1.75 percent and said the direction of the next move is equally balanced and could be up or down although its forecasts continue to point to eventual rate … Read more »

NZ dollar holds near 4-month low

Article – BusinessDesk

NZ dollar holds near 4-month low; RBNZ’s Orr may disappoint if he sticks to script Read more »

AML360 Appoints Executive Consultant for New Zealand

Press Release – Asia Pacific AML

As New Zealands AML/CFT compliance deadlines loom ever closer, lawyers and conveyancers, accountants, real estate agents and some high value dealers are facing increased pressure to respond appropriately to their compliance obligations. Read more »

NZ dollar holds near 4-month low ahead of Reserve Bank

Article – BusinessDesk

May 8 (BusinessDesk) – The New Zealand dollar held near a four-month low against the greenback as investors remain focused on Reserve Bank governor Adrian Orr’s first monetary policy statement on Thursday. Read more »

NZ inflation expectations dip in June quarter

Article – BusinessDesk

May 8 (BusinessDesk) – New Zealand businesses see a slower pace of inflation in the coming year, although firms anticipate wages will rise at their fastest pace in four years as economic growth remains robust. Read more »

NZ dollar holds above 70 US cts ahead of inflation survey

Article – BusinessDesk

May 8 (BusinessDesk) – The New Zealand dollar held above 70 US cents ahead of today’s survey of inflation expectations and in the lead-up to Reserve Bank governor Adrian Orr’s first monetary policy statement on Thursday. Read more »

NZ dollar unchanged, treading water ahead of RBNZ, budget

Article – BusinessDesk

May 7 (BusinessDesk) – The New Zealand dollar was unchanged against the greenback in quiet Monday trading and ahead of the central bank’s rate decision this week. Read more »

UPDATE: Westpac’s McLean says he’s upbeat about NZ economy

Article – BusinessDesk

(Recasts lead to add context, further explanation from chief executive McLean on outlook for global rates) Read more »

UPDATE: Westpac’s McLean says he’s upbeat about NZ economy

Article – BusinessDesk

UPDATE: Westpac NZ’s McLean says he’s upbeat about NZ economy, tips early rate hike Read more »

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