SIA to supply new settlement system

Press Release – Reserve Bank

The Reserve Bank has signed a contract with SIA to implement and support a new real-time gross settlement system (RTGS) that will replace the current Exchange Settlement Account System (ESAS). Deputy Governor Geoff Bascand said: Our preferred approach … Read more »

How to Safely Exit Our Housing Bubble

Article – Peter Neilson

One year ago today the Deputy Governor of the Reserve Bank, Dr Grant Spencer made a speech entitled Action Needed to Reduce Housing Imbalances. In that speech he said while there are difficult issues and trade-offs to consider in this area, … Read more »

Reserve Bank tracks down leak from lockup to Mediaworks

Article – BusinessDesk

April 14 (BusinessDesk) – New Zealand’s Reserve Bank said its decision to cut interest rates last month was leaked by a Newshub Mediaworks reporter from the media lockup and it will stop offering journalists and analysts embargoed access to sensitive … Read more »

Reserve Bank takes action after investigation confirms leak

Press Release – Reserve Bank

An independent investigation has confirmed that highly sensitive and valuable market information on the March Official Cash Rate (OCR) cut decision was leaked by a journalist ahead of the official release, the Reserve Bank said today. Following the investigation, … Read more »

MediaWorks Response to Reserve Bank Statement

Press Release – Mediaworks

Mark Weldon, Group CEO, MediaWorks said: “MediaWorks unreservedly apologises to the Reserve Bank for this incident. Once MediaWorks was aware a leak had taken place, it conducted its own investigation to determine whether the leak had come … Read more »

Reserve Bank selects Numerix trade valuation system

Press Release – Reserve Bank

The Reserve Bank has selected Numerix as its strategic partner for trade valuation and risk management analytics. The Reserve Bank will use the Numerix Oneview system for risk pricing and risk analytics, market standard trade valuation, and position … Read more »

Pre-Budget Speech to Business New Zealand event

Speech – New Zealand Government

Budget 2016 Pre-Budget Speech to Business New Zealand event Wellington Wednesday, 13 April 2016 Its good to be back here for my annual pre-Budget speech and I want to thank Business New Zealand for hosting me once again. This years Budget will … Read more »

Housing unaffordability hits new high

Press Release – Green Party

New analysis showing median house prices in Auckland are now 9.22 times the median annual income confirms that the National Government has failed to fix the Auckland housing crisis, the Green Party said. Read more »

RBNZ says insurance sector has improved under its watch

Article – BusinessDesk

RBNZ says insurance sector has improved under its watch, plans to look at the law Read more »

House price records smashed across New Zealand

Press Release – Real Estate Institute Of New Zealand

Record median house prices are being seen across multiple regions of New Zealand as the Auckland market shows its strength and pushes the Halo Effect of rising median prices across the country, according to the latest figures released today by REINZ, … Read more »

New $20s, $50s and $100s will start circulating from May

Press Release – Reserve Bank

The new $20, $50 and $100 banknotes were revealed at Government House today by the Governor-General, Lt Gen the Rt Hon Sir Jerry Mateparae. Read more »

Reserve Bank Bulletin looks at market liquidity conditions

Press Release – Reserve Bank

Reserve Bank Bulletin looks at market liquidity conditions The Reserve Bank today published a Bulletin article that looks at liquidity in financial markets. Financial market participants have become increasingly worried in recent years about a decline … Read more »

Strong labour force growth underpins economic growth

Press Release – Reserve Bank

Rapid growth of the workforce, boosted by new migrants, women, and older workers, has helped create strong economic growth over the past four years without driving up inflation, the Reserve Bank says. Read more »

NZ dollar holds near 69 US cts as US jobs affirm rate view

Article – BusinessDesk

NZ dollar holds near 69 US cents as US jobs data fails to budge rate views Read more »

NZ dollar jumps above 69 US cts as USD weakness prevails

Article – BusinessDesk

March 31 (BusinessDesk) – The New Zealand dollar jumped above 69 US cents overnight, its highest level since June last year, as the US dollar continued to weaken on growing expectations the Federal Reserve won’t raise interest rates as fast as previously … Read more »

No need for ‘radically different’ inflation target: Makhlouf

Article – BusinessDesk

March 30 (BusinessDesk) – Treasury secretary Gabriel Makhlouf says he’s seen no evidence that the policy framework between the Reserve Bank and the Finance Minister needs to be “radically different” despite weak inflation, and the department’s … Read more »

NZ dollar jumps after Yellen signals caution on rate hikes

Article – BusinessDesk

NZ dollar jumps 1 US cent overnight after Yellen signals caution about future US rate hikes Read more »

Reserve Bank consults on a crisis management regime

Press Release – Reserve Bank

The Reserve Bank today began public consultation on a crisis management regime for systemically important financial market infrastructures (SIFMIs). The proposed regime forms the final part of proposals the Bank published in December 2015 for a new oversight … Read more »

NZ dollar falls as Fed officials talk up rate hike prospects

Article – BusinessDesk

March 24 (BusinessDesk) – The New Zealand dollar fell as more Federal Reserve officials suggested the US central bank should be hiking interest rates, contrasting with its decision last week to keep rates on hold. Read more »

NZ dollar weakens as traders deem US dollar decline overdone

Article – BusinessDesk

March 21 (BusinessDesk) – The New Zealand dollar weakened as traders deemed the US dollar had been oversold following the Federal Reserve’s decision last week to pull back its plans to hike interest rates. Read more »

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