RBNZ relaxes proposed policy changes

Article – BusinessDesk

May 23 (BusinessDesk) – The Reserve Bank has softened the policies it’s looking at imposing for banks that outsource some of their services after lenders warned the cost was too high. Read more »

Reserve Bank seeks submissions on proposed outsourcing rules

Press Release – Reserve Bank

The Reserve Bank is seeking submissions on proposed amendments to rules about outsourcing of services by registered banks. Read more »

RBNZ Bulletin looks at digital disruption in banking

Press Release – Reserve Bank

An article published today in the Reserve Bank Bulletin explores the potential effects of digital disruption to banks and broader financial system stability. Read more »

NZ dollar tumbles vs Aussie after RBA minutes

Article – BusinessDesk

May 17 (BusinessDesk) – The New Zealand dollar declined against its Australian counterpart after minutes of the last Reserve Bank of Australia meeting showed some reluctance to cut rates at the May 4 meeting and extended its decline after a survey showed … Read more »

NZD little changed before inflation report

Press Release – BusinessDesk

May 16 (BusinessDesk) – The New Zealand dollar was little changed before the release of the inflation expectations report tomorrow that may help guide the market’s view on the timing of interest rate cuts by the Reserve Bank. Read more »

Property Councils warns the Reserve Bank to tread carefully

Press Release – Property Council Of New Zealand

Property Council believes the Reserve Banks loan-to-ratio restrictions to curb soaring house prices is charting into treacherous waters which it must tread carefully. Read more »

RBNZ may hold off cutting interest rates until August

Article – BusinessDesk

May 13 (BusinessDesk) – The Reserve Bank may hold off cutting interest rates until August rather than moving in June because the economy isn’t looking so bad and it’s tactically better to wait longer, ANZ New Zealand economists say. Read more »

Discussion papers on inflation

Press Release – Reserve Bank

Two discussion papers by Miles Parker have been published on the Reserve Banks website. Read more »

NZ dollar gains on lack of new housing measures

Press Release – BusinessDesk

The New Zealand dollar rose after the Reserve Bank’s financial stability report failed to deliver new measures to cool the housing market, quashing speculation among currency traders that such a move would give the bank a clear run to cut interest rates next … Read more »

Reserve Bank looks to new restrictions

Article – BusinessDesk

May 11 (BusinessDesk) – New lending restrictions to prevent people borrowing too much relative to their income are on the cards, the Reserve Bank of New Zealand’s two most senior officials say. Read more »

Housing and dairy risks to financial stability

Press Release – Reserve Bank

New Zealands financial system is resilient and continues to function effectively, but risks to the financial stability outlook have increased further in the past six months, Reserve Bank Governor, Graeme Wheeler, said today when releasing the Banks … Read more »

English hints RBNZ may introduce additional curbs

Article – BusinessDesk

May 10 (BusinessDesk) – Finance Minister Bill English hinted that the Reserve Bank may announce further restrictions to curb the country’s housing market as part of its Financial Stability Report tomorrow, according to news reports. Read more »

Financial Statements for the nine months ended 31 March 2016

Press Release – The Treasury

Financial Statements of the Government of New Zealand for the nine months ended 31 March 2016 Read more »

NZ govt posts surprise budget surplus in first 9 months

Article – BusinessDesk

May 10 (BusinessDesk) – The New Zealand government posted a budget surplus in the first nine months of the financial year, against a Treasury forecast for a deficit, reflecting tax revenue that rose faster than Crown expenses. Read more »

NZD gains to two-month high vs Aussie

Press Release – BusinessDesk

May 6 (BusinessDesk) – The New Zealand dollar rose to a two-month high against the Australian dollar after the Reserve Bank of Australia lowered its forecast inflation track, adding to a case for a further interest rate cut across the Tasman. Read more »

Reserve Bank bans MediaWorks from media conferences

Article – BusinessDesk

May 6 (BusinessDesk) – The Reserve Bank has banned MediaWorks from its media conferences until further notice as punishment for its journalists leaking sensitive market information from the Official Cash Rate cut decision in March. Read more »

Volatile day for kiwi dollar as central banks drive action

Press Release – BusinessDesk

The New Zealand dollar fell to its lowest level in more than a week against the yen after the Bank of Japan surprised the market by not expanding its monetary stimulus, rounding out a day of volatility tied to central bank actions. Read more »

Government to Reserve Bank – Rock or Hard Place?

Press Release – New Zealand Labour Party

Grant Robertson MP for Wellington Central Finance Spokesperson MEDIA STATEMENT 27 April 2016 Government to Reserve Bank – Rock or Hard Place? The Governments complacency on the housing crisis and the economy has put the Reserve Bank Governor in a no-win … Read more »

Govt complacency leaves RB no room to cut

Press Release – New Zealand Labour Party

The Government has put the economy in a holding pattern, leaving the Reserve Bank Governor with little room to manoeuvre as he tries to balance a rampant housing market with non-existent inflation, says Labours Finance spokesperson Grant Robertson. Read more »

RBNZ keeps OCR at 2.25%, says inflation likely to pick up

Article – BusinessDesk

April 28 (BusinessDesk) – Reserve Bank governor Graeme Wheeler kept the official cash rate at 2.25 percent, in a decision traders had said could go either way, while predicting inflation will pick up as the slump in oil prices washes out of the data … Read more »

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