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Reserve Bank Embraces Kaitiaki Role In Outlining Its Priorities

Press Release – Reserve Bank

Reserve Bank of New Zealand Te Ptea Matuas Statement of Intent (SOI) for 2020-2023, released today, highlights the Banks focus and commitment as the kaitiaki (guardians) of New Zealands financial system. Reserve Bank Governor Adrian Orr … Read more »

XE Data Update – RBNZ Official Cash Rate Decision

Press Release – XE Money Transfer

The RBNZ will keep the Official Cash Rate (OCR) at 0.25%. T he key points in the RBNZ statement are: RBNZ keeps the OCR unchanged at 0.25% Maintain the LSAP (large scale asset purchase) at NZD$60 billion. Committee prepared to use additional monetary … Read more »

Monetary Policy Easing To Continue

Press Release – Reserve Bank

The Monetary Policy Committee agreed to continue with the Large Scale Asset Purchase (LSAP) programme aimed at keeping interest rates low for the foreseeable future. The LSAP quantum remains set at $60 billion. The assets included are New Zealand … Read more »

Reserve Bank Approves Sale Of AMP Life

Press Release – The Reserve Bank of New Zealand

The Reserve Bank has approved the proposed sale of AMP Life to Resolution Life, in a revised arrangement that is subject to a number of conditions imposed to protect policyholders. The Reserve Bank has been reviewing the proposed transaction and consulting … Read more »

Reserve Bank Releases Thematic Review Of Appointed Actuary Role

Press Release – The Reserve Bank of New Zealand

The Reserve Bank has released a number of recommendations in a comprehensive review of the Appointed Actuary role. Appointed Actuaries have a critical legislated role in the insurance industry to measure and report on material risks that can threaten … Read more »

Orr Challenged To Provide Evidence

Press Release – Social Credit

Social Credit leader Chris Leitch is calling for Reserve Bank governor Adrian Orr to produce the specifics on why he claims current legislation governing the Bank would prohibit it from money financing – creating money to finance emergency … Read more »

Financial System Will Benefit Supporting Economic Recovery

Column – Reserve Bank

Tn koutou katoa, welcome all. The financial system is in a solid position to both weather the significant economic impact caused by the COVID-19 pandemic and support New Zealands recovery, Reserve Bank Governor Adrian Orr says in releasing … Read more »

Industrial And Commercial Bank Of China Limited Registered As Bank

Press Release – Reserve Bank

The Reserve Bank today announced that it has registered Industrial and Commercial Bank of China Limited (ICBC) to provide banking services in New Zealand. Industrial and Commercial Bank of China Limited is incorporated in the Peoples Republic of … Read more »

Reserve Bank Helps Real Estate, Now Govt Needs Policy Review

Press Release – Century 21 Real Estate

By Derryn Mayne The Reserve Banks decision to remove its mortgage loan-to-value ratio (LVR) restrictions, for at least a year, will mean more young Kiwis can buy their first homes sooner. The days of banks needing a 20% deposit are over. Deposits … Read more »

XE Data Update – RBNZ Official Cash Rate Decision – NZD Lower

Press Release – XE Money Transfer

The RBNZ will keep the Official Cash Rate (OCR) at 0.25%. T he key points in the RBNZ statement are: RBNZ keeps the OCR at 0.25% See the OCR at 0.25% in September 2020 To significantly increase Large Scale Asset Purchase (LSAP) of Government Bonds … Read more »

Large Scale Asset Purchases Expanded

Press Release – Reserve Bank

The Monetary Policy Committee has agreed to significantly expand the Large Scale Asset Purchase (LSAP) programme potential to $60 billion, up from the previous $33 billion limit. The LSAP programme includes NZ Government Bonds, Local Government … Read more »

RBNZ Survey: Experts Predict OCR To Cut In 2020, Despite ’12-month Hold’

Press Release – Finder

Despite the Reserve Bank of New Zealand (RBNZ) pledging to keep the official cash rate (OCR) at 0.25% for the next 12 months, experts say a cut could be on the cards as early as next week. In the latest Finder RBNZ Official Cash Rate Survey , 11 experts … Read more »

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