Reserve Bank of New Zealand: New Zealand's central bank

The 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.

Quickfacts

OFFICIAL CASH RATE
is 2.50 percent

INFLATION
CPI for the year to March 2012 is 1.6 percent.

Quicklinks

Release dates

News

9 May 2012 Financial system coping well with international stresses

Global economic and financial conditions continue to pose risks for New Zealand's financial system, Reserve Bank Governor Alan Bollard said today when releasing the May 2012 Financial Stability Report. The media conference can be viewed via webcast.

3 May 2012 Reserve Bank responds to lessons of the GFC

The Reserve Bank is introducing a number of prudential policy changes, based on lessons from the global financial crisis (GFC), in order to further strengthen the New Zealand financial system.

26 April 2012 OCR unchanged at 2.5 percent

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent.

Highlights

May 2012: A consultation on registered bank data collections has been released.
May 2012: The Reserve Bank has released an update on Basel III implementation in New Zealand.
View Cautions and notices issued by the Reserve Bank.
The next OCR announcement is Thursday, 14 June 2012.
15 February 2012: Industry notice Covenant Trustee Company Limited receives Reserve Bank warning.
View the Reserve Bank Museum website.

The Bank’s new regulatory responsibilities

Regulation of non-bank deposit takers
Prudential supervision of insurance
Anti-Money Laundering and Countering Financing of Terrorism