Reserve Bank reveals threat to first home buyers

Press Release – Green Party

Reserve Bank reveals threat to first home buyers from rising interest rates Thousands of heavily-mortgaged first home buyers in Auckland could be hit hard by rising interest rates, thanks to out of control house prices, according to documents released to … Read more »

NZ dollar gains from 11-month low

Article – BusinessDesk

May 5 (BusinessDesk) – The New Zealand dollar gained from an 11-month low as rising inflation expectations halted the downward pressure on the kiwi, that it’s been sharing with other currencies sensitive to falling commodity prices. Read more »

NZ businesses lift one and two-year inflation expectations

Article – BusinessDesk

May 5 (BusinessDesk) – New Zealand firms lifted their expectations for inflation over the next two years, with the consumers price index seen firmly returning to the Reserve Bank’s target level, but they also dialled back expectations for economic … Read more »

Publication of 2 discussion papers by Daan Steeenkamp

Press Release – Reserve Bank

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

Enhanced oversight framework for FMIs

Press Release – Reserve Bank

Cabinet has agreed to a new legislative framework that will improve regulation of payment systems and other Financial Market Infrastructures (FMIs). Read more »

Kiwi dollar at ‘pretty positive’ level for exporters

Article – BusinessDesk

May 3 (BusinessDesk) – Prime Minister Bill English says the kiwi dollar, which is down 4.3 percent since the Reserve Bank’s policy statement in February, is now at a “pretty positive” level for exporters and providing a reasonable balance … Read more »

RBNZ kicks off consultation on capital adequacy review

Article – BusinessDesk

May 1 (BusinessDesk) – The Reserve Bank is seeking feedback in the first round of a review testing the capital settings lenders operate under to maintain a robust business. Read more »

Reserve Bank seeks views about capital adequacy for banks

Press Release – Reserve Bank

The Reserve Bank today published an issues paper that seeks views about the regulation of capital adequacy for banks. Read more »

Reserve Bank Head of Financial Stability appointed

Press Release – Reserve Bank

Deputy Governor Geoff Bascand has been appointed Head of Financial Stability and Deputy Chief Executive of the Reserve Bank, Governor Graeme Wheeler and Acting Governor-designate Grant Spencer announced today. Mr Bascand will take up the role on 27 September, … Read more »

Don Brash promotes “flat earth economics”

Press Release – Democrats for Social Credit

In his comment on Bryan Goulds article on the Reserve Bank, Don Brash continues to perpetuate his flat earth economics view of the way the banking system operates. Read more »

Annual inflation tipped to hit mid-point of RBNZ’s target

Article – BusinessDesk

April 18 (BusinessDesk) – Higher food and fuel prices are expected to propel annual inflation to 2 percent in the first quarter, marking the first time it will hit the mid-point of the central bank’s target range in five-and-a-half years. Read more »

‘Upside downside: a guide to risk for savers and investors’

Press Release – The Reserve Bank of New Zealand

The Reserve Bank today released a new edition of its popular guide to managing the risks involved in saving and investing. Read more »

Many homeowners would seek longer terms on higher rates

Article – BusinessDesk

Almost three-quarters of New Zealand homeowners are expecting their mortgage rates to rise this year and while many are fairly sanguine about a moderate increase, if it goes too high a fifth would push out the term of their loan and a third would … Read more »

Labour’s modern approach to monetary policy

Press Release – New Zealand Labour Party

A commitment to full employment and a more transparent process to provide market certainty are the hallmarks of Labours proposals for a new approach to monetary policy, says Labours Finance spokesperson Grant Robertson. Read more »

NZ Post, Super Fund, ACC to pour $247 million into Kiwibank

Article – BusinessDesk

April 7 (BusinessDesk) – Kiwibank shareholders New Zealand Post, the New Zealand Superannuation Fund and Accident Compensation Corp will pour in a collective $247 million to make sure the state-owned bank’s capital stays within the regulator’s … Read more »

Reserve Bank updates its assessment of money laundering

Press Release – Reserve Bank

The Reserve Bank today published an issues paper for its review of the Insurance (Prudential Supervision) Act 2010 (IPSA). Read more »

New statistics give more insight into banking sector

Press Release – Reserve Bank

The Reserve Bank today began publishing new monthly statistics that will provide greater insight into the structure and activities of the banking sector. Read more »

NZ businesses pare back optimism in March quarter

Article – BusinessDesk

April 4 (BusinessDesk) – New Zealand firms pared back their level of optimism in the first three months of the year as domestic trading activity stayed robust while signalling broader price hikes were on the cards as firms contend with an increasingly … Read more »

Estimates of the Output Gap from a Beveridge-Nelson Filter

Press Release – The Reserve Bank of New Zealand

The Beveridge-Nelson (BN) trend-cycle decomposition based on autoregressive forecasting models of U.S. quarterly real GDP growth produces estimates of the output gap that are strongly at odds with widely-held beliefs about the amplitude, persistence, and … Read more »

Input sought on insurer law review

Press Release – Reserve Bank

The Reserve Bank today published an issues paper for its review of the Insurance (Prudential Supervision) Act 2010 (IPSA). Head of Prudential Supervision Toby Fiennes said: Public consultation is an important element of the review. Mr Fiennes … Read more »

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