Business Scoop


The Nation: Kiwibank CEO Steve Jurkovich

Press Release – The Nation

New Kiwibank CEO Steve Jurkovich says Kiwibank’s past performance issues – including a $100m computer blowout and a disagreement with the Reserve Bank over the quality of its capital – have left Kiwibank “bruised” but ready to “do better”. … Read more »

RBNZ’s Orr to stand pat as he navigates growth-inflation

Article – BusinessDesk

Aug. 2 (BusinessDesk) – Reserve Bank governor Adrian Orr is widely expected to keep interest rates on hold at next week’s review and continue to indicate the next move could be up or down as he walks a tightrope between slowing growth and emerging inflation. Read more »

Printing money doesn’t create jobs

Press Release – ACT New Zealand

The Government’s new legislation directing the Reserve Bank to focus on employment in monetary policy decision making ignores the very simple fact that printing money doesnt create jobs”, says ACT Leader David Seymour. Read more »

NZ dollar gains after RBNZ’s inflation gauge accelerates

Article – BusinessDesk

July 17 (BusinessDesk) – The New Zealand dollar rose across the board after an inflation gauge published by the Reserve Bank accelerated at its fastest pace in seven years, easing concerns about a possible rate cut. Read more »

RBNZ anticipates banks will need deeper capital stocks

Article – BusinessDesk

July 6 (BusinessDesk) – The Reserve Bank expects big lenders who have been allowed to use their own models to measure their risk exposure will need to dig a little deeper if it goes ahead with plans to introduce a standardised reporting regime. Read more »

Governor Orr draws on Tāne-mahuta to tell RBNZ’s new story

Article – BusinessDesk

July 6 (BusinessDesk) – There is a new broom at the head of New Zealand’s central bank, and he’s planning to shift the mindset of the institution towards better embracing the rich cultural diversity of the country. Read more »

Stress tests important for banking supervision

Press Release – Reserve Bank

What would happen to the banking system if a downturn in the Chinese economy caused a fall in New Zealand exports, rising unemployment, falling house prices, and three years of low payment to dairy farmers? Thats one of the scenarios that the Reserve … Read more »

Traders put on US$1.2 bln of bets shorting kiwi dollar

Article – BusinessDesk

Traders put on US$1.2 bln of bets shorting kiwi dollar, may have the opposite effect Read more »

OCR, MPS and FSR dates for 2019-2020

Press Release – Reserve Bank

The Reserve Bank today announced the 2019-2020 dates for releasing its quarterly Monetary Policy Statements (MPS), Official Cash Rate (OCR) decisions, and the six-monthly Financial Stability Reports (FSR). Read more »

UPDATE: RBNZ’s Orr keeps OCR at 1.75%, keeps door open

Article – BusinessDesk

UPDATE: RBNZ’s Orr keeps OCR at 1.75%, keeps door open for possible rate cut Read more »

RBNZ’s Orr keeps OCR at 1.75%

Article – BusinessDesk

June 28 (BusinessDesk) – Reserve Bank governor Adrian Orr kept the benchmark rate on hold as widely expected and reiterated the next move could be up or down depending on how things unfold. Read more »

Official Cash Rate unchanged at 1.75 percent

Press Release – The Reserve Bank of New Zealand

The Official Cash Rate (OCR) will remain at 1.75 percent for now. However, we are well positioned to manage change in either direction up or down as necessary. Read more »

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