Challenging market conditions drive drop in bank profits

Press Release – KPMG

After achieving an all-time record profit of $5.17 billion in 2015, KPMGs Financial Institutions Performance Survey (FIPS) reveals New Zealand banks profits decreased slightly in 2016. As banks managed challenging market conditions, net profit after … Read more »

Reserve Bank senior adviser receives Central Banking Award

Press Release – Reserve Bank

London-based Central Banking Publications (the Central Banking Journal and announced overnight that Dr Krippner won this years Economics in Central Banking Award. Read more »

Could Wheeler be last RBNZ governor to call the shots alone?

Article – BusinessDesk

Feb. 10 (BusinessDesk) – Departing Reserve Bank governor Graeme Wheeler could be the last to have sole decision-making authority on monetary policy as opposition MPs call for a move to a board decision model such as Australia uses and seek an … Read more »

NZ dollar falls sharply after RBNZ dampens expectations

Article – BusinessDesk

Feb. 9 (BusinessDesk) – The New Zealand dollar fell after the central bank dampened rate hike expectations and moved to jawbone the currency lower. Read more »

Trade protectionism biggest uncertainty for RBNZ

Article – BusinessDesk

Feb. 9 (BusinessDesk) – A growing tide of trade protectionism led by US president Donald Trump is one of the biggest uncertainties for New Zealand’s Reserve Bank, governor Graeme Wheeler says. Read more »

NZ dollar, swap rates fall after RBNZ statement

Article – BusinessDesk

NZ dollar, swap rates fall as RBNZ statement prompts traders to drop bets on early hike Read more »

OCR Statement: Downplaying a sea of risks

Press Release – New Zealand First Party

The Reserve Bank is brushing aside multiple risks and uncertainties in the global economy, says New Zealand First Leader and Northland MP Rt Hon Winston Peters. Read more »

Official Cash Rate unchanged at 1.75 percent

Press Release – The Reserve Bank of New Zealand

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

A chance for a Reserve Bank refresh

Column – Green Party

Graeme Wheelers departure presents a perfect time to consider what Reserve Bank reforms a new Governor can usher in. There are a number of central banking developments overseas which we can draw upon to refresh and modernise our own Bank. The top three … Read more »

Joyce seeks cost-benefit on debt-to-income lending rules

Article – BusinessDesk

Feb. 8 (BusinessDesk) – Finance Minister Steven Joyce wants a full cost-benefit analysis on proposed debt-to-income home lending limits and public consultation will be conducted by the Reserve Bank before any decision is made on the potential use of the additional … Read more »

Mt Albert by-election, special voting has started

Press Release – Peter Wakeman

Wakeman say’s could the media please do better than stating all the names of candidates running in the by-election as special voting started today for the Mt Albert by-election to be held on the 25/2/2017. Read more »

Property Institute calls for review of Reserve Bank targets

Press Release – New Zealand Property Institute

Property Institute of New Zealand Chief Executive, Ashley Church, is calling upon Finance Minister Stephen Joyce to renegotiate the Government’s target agreements with the Reserve Bank in light of today’s announcement that current Governor, Graeme … Read more »

Big shake-up for RBNZ: Wheeler to Sept; Spencer to fill in

Article – BusinessDesk

Feb. 7 (BusinessDesk) – Reserve Bank governor Graeme Wheeler won’t serve a second term and will be followed out the door by his deputy, Grant Spencer, who will fill in on a temporary basis while the next government hunts out a replacement. Read more »

Future of RBNZ and Governor Stepping Down

Press Release – Peter Wakeman

Reserve Bank Governor Graeme Wheeler will step down at the end of his current term on September 26, Finance Minister Stephen Joyce confirmed today. Read more »

HiFX Data Update – RBNZ Inflation Expectations – NZD higher

Press Release – HiFX

The RBNZ just released the results of their Q1 Inflation Expectations Survey. The inflation expectations were higher when compared with Q4 2016 figures. 1 year inflation expectations +1.56% (compared with Q4 +1.29%) 2 year inflation expectations +1.92% … Read more »

ACT congratulates Graeme Wheeler on his tenure

Press Release – ACT New Zealand

ACT has congratulated Graeme Wheeler on his tenure as Reserve Bank Governor. During his tenure Mr Wheeler has dealt with unprecedented challenges, says ACT Leader Seymour. Read more »

Reserve Bank Governor not seeking another term

Press Release – The Reserve Bank of New Zealand

Reserve Bank Governor Graeme Wheeler today announced that he will not be seeking a second term as Governor when his current term ends on 26 September this year. Read more »

Spencer to be Acting Governor of Reserve Bank

Press Release – New Zealand Government

Finance Minister Steven Joyce will appoint current Deputy Reserve Bank Governor Grant Spencer as the Acting Governor of the Bank for six months, following the expiry of current Governor Graeme Wheelers term on September 26 this year. Read more »

Banks say bill to meet new outsourcing rules will top $870M

Article – BusinessDesk

NZ banks say bill to meet central bank’s new outsourcing rules will top $870M Read more »

RBNZ likely on hold

Article – BusinessDesk

Feb. 3 (BusinessDesk) – The Reserve Bank’s view on where interest rates might go down the track will be the focus of attention at next Thursday’s rate review, given it’s widely expected to keep rates on hold at a record low 1.75 percent. Read more »

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