Reserve Bank publishes final outsourcing policy decisions

Press Release – Reserve Bank

The Reserve Bank today published its final policy decisions on a revised outsourcing policy for locally incorporated registered banks. Read more »

Wellington sees 5.6% increase in average asking price

Press Release – realestate.co.nz

Nine out of 19 regions in New Zealand recorded an all-time high asking price in January, while prices in Auckland remained static. Read more »

Reserve Bank Bulletin looks at forecasting model

Press Release – Reserve Bank

The Reserve Bank has released a Bulletin article examining the core macro-economic model it uses to support the monetary policy decision making process. Read more »

While you were sleeping: Yellen to speak

Article – BusinessDesk

Jan. 19 (BusinessDesk) – US Treasuries declined while Wall Street was mixed as investors awaited a speech by US Federal Reserve Chair Janet Yellen. Read more »

RBNZ announces two senior management appointments

Press Release – Reserve Bank

The Reserve Bank has appointed Klarissa Plimmer as Chief Information Officer and Patrick Hoerler as Head of Risk Assessment and Assurance. Read more »

Video explains how we test banks’ safety

Press Release – Reserve Bank

Stress testing is a tool to assess how banks might cope with a severe economic downturn. Read more »

NZ economy probably recorded 5th straight quarter of growth

Article – BusinessDesk

Dec. 16 (BusinessDesk) – New Zealand’s economy may have extended its steady rate of growth for a fifth straight quarter with buoyant retailing lifting the services sector and construction on a tear, making up for a weaker primary sector. Read more »

Kaikoura Main Highway Rebuild A Unique Economic Opportunity

Press Release – Democrats for Social Credit

Democrats for Social Credit Finance Spokesman Chris Leitch is calling on the Government not to borrow the money needed to rebuild the main highway through Kaikoura. Read more »

Discussion Paper: Factor substitution and productivity in NZ

Press Release – Reserve Bank

It is puzzling that New Zealand’s productivity performance has been poor compared to other advanced economies, particularly in light of wide-ranging economic and institutional reforms starting in the mid-1980s. This paper unpacks New Zealand’s disappointing … Read more »

Reserve Bank issues warning to Aotearoa Credit Union

Press Release – The Reserve Bank of New Zealand

The Reserve Bank has today issued a formal warning to Aotearoa Credit Union under section 80 of the Anti-Money Laundering and Countering Financing of Terrorism Act. Read more »

NZ Banks now lending on income over equity

Press Release – LoanPlan Mortgages and Finance

While your house may be worth a fortune, its now harder than ever to convert property assets into cash because New Zealands major banks are assessing mortgage and loan applications against income over equity. Read more »

RBNZ’s Wheeler sees ‘continued strong economic growth’

Article – BusinessDesk

Dec. 8 (BusinessDesk) – Reserve Bank governor Graeme Wheeler says the prospects are good for “continued strong growth” in the New Zealand economy in the next 18 months, with monetary policy accommodative enough to ensure inflation picks up … Read more »

Why is NZ still the exception on deposit protection?

Column – Green Party

Yesterday, in front of Parliaments Finance & Expenditure select committee, Reserve Bank Governor Graeme Wheeler continued to defend New Zealands record of exceptionalism on deposit insurance. Read more »

Growth prospects look promising in face of int’l risks

Press Release – The Reserve Bank of New Zealand

The prospects look promising for New Zealands economic expansion to continue in the face of considerable international uncertainties, Reserve Bank Governor Graeme Wheeler said today. Read more »

Reserve Bank’s Wheeler says immigration forecasts were wrong

Article – BusinessDesk

Dec. 7 (BusinessDesk) – Reserve Bank Governor Graeme Wheeler said he accepts the central bank got its migration forecasts wrong but it was hard to know how much inward migration New Zealand would attract under current policies. Read more »

NZ dollar gains ahead of Wheeler speech

Press Release – BusinessDesk

Dec. 8 (BusinessDesk) – The New Zealand dollar rose ahead of a speech by Reserve Bank Governor Graeme Wheeler and before the government’s fiscal and economic update, which may paint a more upbeat picture of the outlook. Read more »

Wheeler not keen on bank deposit insurance

Article – BusinessDesk

Dec. 7 (BusinessDesk) – The Reserve Bank is unlikely to introduce state-backed insurance on bank deposits, saying the moral hazard is too high and it prefers the option of protecting those with small balances through guaranteed repayments. Read more »

NZ home values rise at slowest annual pace in six months

Article – BusinessDesk

Dec. 1 (BusinessDesk) – New Zealand residential property values increased at the slowest annual pace in six months in November, as tougher lending restrictions constrain buyers. Read more »

Graeme Wheeler is wrong

Press Release – Democrats for Social Credit

Democrats for Social Credit Finance Spokesman Chris Leitch is calling on Reserve Bank Governor Graeme Wheeler to correct statements made in the Banks Financial Stability Report released yesterday. Read more »

Reserve Bank again highlights National’s housing failure

Press Release – New Zealand Labour Party

Nationals failure to deal with the housing crisis in New Zealand is once again being exposed by the Reserve Bank today, in a scathing assessment of the Governments response, says Labour Finance spokesperson Grant Robertson Read more »

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