NZ dollar falls as electronic card spending misses

Article – BusinessDesk

July 11 (BusinessDesk) – The New Zealand dollar fell after investors were disappointed by softer than expected retail spending on electronic cards in June, despite a boost from the British and Irish Lions’ rugby tour. Read more »

Reserve Bank Decimal Note Designs 1967–2017

Press Release – Reserve Bank

Main file A litmus test for society: Reserve Bank decimal note designs 1967-2017 (PDF 4.48 MB) Read more »

50 Years of Decimal Currency

Press Release – The Reserve Bank of New Zealand

Today signals 50 years of decimal currency in New Zealand and the Bank is marking the anniversary with a new display in its Museum and Education Centre. Read more »

While you were sleeping: Fed mixed on balance sheet

Article – BusinessDesk

July 6 (BusinessDesk) – Wall Street was mixed, as were US Federal Reserve policy makers about the timing to start unwinding the central banks balance sheet. Read more »

NZ dollar holds gains against Aussie

Article – BusinessDesk

July 5 (BusinessDesk) – The New Zealand dollar held its gains against the Australian dollar, which was sold yesterday on disappointment the Reserve Bank of Australia didn’t take its cue from other central banks who have turned hawkish, preferring … Read more »

Auckland average house price drops 3.1% in June, sales fall

Article – BusinessDesk

July 5 (BusinessDesk) – Auckland’s average house price fell in June from May and the number of sales also declined to the lowest for a June month in seven years, says realtor Barfoot & Thompson. Read more »

NZ dollar continues to peter out against greenback

Article – BusinessDesk

July 4 (BusinessDesk) – The New Zealand dollar remained under pressure against the greenback after the Reserve Bank of Australia stuck to its neutral tone and kept rates on hold, putting the Australasian nations at odds with a growing tide of central … Read more »

Moody’s revises banks in Asia Pacific to stable

Press Release – Moody’s

Singapore, July 04, 2017 — Moody’s Investors Service has revised to stable from negative its outlook for banks in Asia Pacific as banking risks in the region are stabilizing due to stable or improved operating conditions. Read more »

NZ dollar little changed ahead of RBA, Fed minutes, US jobs

Article – BusinessDesk

July 3 (BusinessDesk) – The New Zealand dollar was little changed ahead of key events this week including the Reserve Bank of Australia’s interest rate review and the minutes of the last Federal Reserve meeting. Read more »

NZ swaps spike as investors bet against RBNZ

Article – BusinessDesk

July 3 (BusinessDesk) – New Zealand’s swap rates have jumped to multi-month highs on speculation the Reserve Bank will have to lift the official cash rate earlier than its official projections to keep pace with central banks around the world that … Read more »

RBNZ says licensed insurers failing to comply

Article – BusinessDesk

June 29 (BusinessDesk) – The Reserve Bank says the overall level of compliance with disclosure rules on the part of licensed insurers falls well short of minimum requirements and needs to “markedly improve”. Read more »

Survey shows insurers need to up their game

Press Release – Reserve Bank

The Reserve Bank today published a report on compliance by insurers with the requirements to disclose their financial strength ratings and solvency information. A recent survey by the Reserve Bank of a sample of 36 of the 89 licensed insurers found that the … Read more »

Outlook for NZ economic growth positive

Article – BusinessDesk

June 28 (BusinessDesk) – The outlook for New Zealand’s economic growth remains positive, albeit with considerable uncertainty remaining, especially internationally, the Reserve Bank says in its 2017-2020 Statement of Intent. Read more »

Statement of Intent Outlines RBNZ’s Priorities

Press Release – Reserve Bank

The Reserve Bank’s commitment to price and financial stability in an uncertain global environment is underlined in the Bank’s Statement of Intent ( SOI ) for 2017-2020. Read more »

RBNZ, polling weakly with ordinary Kiwis

Article – BusinessDesk

June 27 (BusinessDesk) – The Reserve Bank, which has faced criticism for its engagement with the media and financial analysts, has turned to social media to sell its message after polling showed ordinary Kiwis don’t hold the bank in high regard. Read more »

Reserve Bank broadens engagement with stakeholders

Press Release – Reserve Bank

The Reserve Bank continues to broaden its engagement with a diverse range of stakeholders to provide accountability, and to promote understanding and dialogue, Head of Communications, Mike Hannah, said in a speech released today. Read more »

Dollar gains as RBNZ’s bid to talk down currency falls short

Article – BusinessDesk

NZ dollar gains as RBNZ’s bid to talk down currency falls short of expectations Read more »

RBNZ seeks governor with ‘gravitas’

Article – BusinessDesk

June 22 (BusinessDesk) – The Reserve Bank is seeking a new governor with “gravitas” to lead “a high-performance culture” that includes effective communications, one area where the bank has been both criticised and thin-skinned. Read more »

Reserve Bank’s outlook helpful, says real estate boss

Press Release – Century 21 Real Estate

News that the Official Cash Rate could be held at 1.75% for some time is good news for home owners, as are the Reserve Banks latest comments about the housing market, says Geoff Barnett, National Manager of Century 21 New Zealand. Read more »

RBNZ’s Wheeler keeps OCR at 1.75% with uncertain outlook

Article – BusinessDesk

June 22 (BusinessDesk) – Reserve Bank governor Graeme Wheeler kept the official cash rate at 1.75 percent and will look through a recent pick-up in inflation which is seen as being a temporary spike in the tradables sector while complaining about the … Read more »

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