New Zealand's central bank

The Reserve Bank manages monetary policy to maintain price stability, promotes the maintenance of a sound and efficient financial system, and supplies New Zealand banknotes and coins.

19 May 2017
NEWS  Reserve Bank renews currency swap facility with People's Bank of China
The People's Bank of China (PBOC) and the Reserve Bank of New Zealand today announced the renewal of a reciprocal currency arrangement (swap line) to support the settlement of cross border transactions between New Zealand and Chinese businesses.
16 May 2017
NEWS  New Zealand hosts EMEAP central bank governors
The Reserve Bank of New Zealand hosted the 22nd annual Executives' Meeting of East and Asia-Pacific (EMEAP) central banks in Auckland yesterday.
15 May 2017
NEWS  The value of forecasting in an uncertain world
Forecasting is a valuable part of the monetary policy process, helping the Bank plan for the future, communicate its current understanding and intentions, and react to unexpected events, Reserve Bank Assistant Governor and Head of Economics Dr John McDermott said today.
11 May 2017
NEWS  Official Cash Rate unchanged at 1.75 percent
The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent.
09 May 2017
NEWS  IMF releases New Zealand FSAP findings and recommendations
The International Monetary Fund (IMF) has declared New Zealand’s banking system to be resilient, but nevertheless recommended ways to improve the strength of the country’s financial sector and the regulatory framework.
11 May 2017
MONETARY POLICY STATEMENT  Monetary Policy Statement for May 2017
01 May 2017
BANK CONSULTATION  Review of the capital adequacy framework for registered banks
The review of the capital adequacy framework aims to identify the most appropriate capital adequacy framework for locally incorporated registered banks, taking into account experience with the current framework and international developments.
26 Apr 2017
26 Apr 2017
DISCUSSION PAPER  Explosiveness in G11 currencies
30 Mar 2017
INSURANCE CONSULTATION  Review of the Insurance Prudential Supervision Act 2010
On 30 March 2017, the Reserve Bank of New Zealand published an Issues Paper on the Review for consultation. The consultation closes on 30 June 2017.
28 Mar 2017
BANK CONSULTATION  Review of the outsourcing policy for registered banks
The current outsourcing requirements date back to 2006 and apply to all locally incorporated banks whose New Zealand liabilities exceed $10 billion. The current policy is mainly focused on underpinning the provision of liquidity to the financial system in the event of stress or failure of a bank or of a service provider to a bank. While these objectives are still valid, it is good practice to review policies from time to time, in particular as the regulatory landscape has changed over the last nine years.

Upcoming events

2017

 
31 May 2017 Financial Stability Report media conference
22 Jun 2017 OCR announcement
30 Jun 2017 Consultation closes on the Issues Paper for the review of the Insurance Prudential Supervision Act 2010
1 Aug 2017 Deadline for paper submission for Housing, household debt and policy
10 Aug 2017 OCR announcement and Monetary Policy Statement media conference
28 Sep 2017 OCR announcement
9 Nov 2017 OCR announcement and Monetary Policy Statement media conference
29 Nov 2017 Financial Stability Report media conference
11-12 Dec 2017 Housing, household debt and policy

For statistics publication dates see the Statistics release calendar