Reserve Bank of New Zealand News Releaseshttps://www.rbnz.govt.nz/feeds/newsPress releases issued by the Reserve Bank of New Zealanden{6CF96020-9AC7-4A2C-92E5-2A670A894010}https://www.rbnz.govt.nz/hub/news/2024/03/rbnz-publishes-assessment-of-capital-review-implementationRBNZ publishes assessment of Capital Review implementationThe Reserve Bank of New Zealand’s 2019 Capital Review focused on improving the quality and quantity of bank capital to make the banking system safer for New Zealanders and to ensure that bank owners have a meaningful stake in their businesses. Mon, 18 Mar 2024 00:00:00 +1300{DE1D36F7-D5B3-4103-8B3F-E546E3E5686E}https://www.rbnz.govt.nz/hub/news/2024/03/image-of-king-charles-iii-to-appear-on-new-zealands-coins-confirmedImage of King Charles III to appear on New Zealand's coins confirmedThe Reserve Bank of New Zealand – Te Pūtea Matua has confirmed that New Zealand’s circulating and commemorative coins will bear the Commonwealth effigy (image) of King Charles III, King of New Zealand.Fri, 15 Mar 2024 00:00:00 +1300{5C3D57FC-7D2E-4637-8404-55BCE9F48C46}https://www.rbnz.govt.nz/hub/news/2024/03/a-proportionality-framework-allows-for-diversity-while-promoting-financial-stabilityA proportionality framework allows for diversity while promoting financial stabilityThe Reserve Bank of New Zealand - Te Pūtea Matua has published the first legislative document setting out how it will take a proportionate approach when developing prudential standards for licensed deposit takers under the Deposit Takers Act 2023.Thu, 14 Mar 2024 00:00:00 +1300{3596C1B2-05D2-4A38-A171-1E11CFF263F8}https://www.rbnz.govt.nz/hub/news/2024/03/new-zealand-one-step-closer-to-depositor-compensation-schemeNew Zealand one step closer to Depositor Compensation SchemeThe Reserve Bank of New Zealand - Te Pūtea Matua is one step closer to launching the Depositor Compensation Scheme which will operate under the new Deposit Takers Act.Mon, 11 Mar 2024 00:00:00 +1300{D94D1103-B738-4F48-80FD-3E6D623E49CC}https://www.rbnz.govt.nz/hub/news/2024/03/the-use-of-credit-risk-weights-for-climate-related-purposesThe use of credit risk weights for climate-related purposes – Bulletin articleThe Reserve Bank of New Zealand – Te Pūtea Matua has published a Bulletin article discussing the use of credit risk weights for climate-related purposes.Tue, 05 Mar 2024 00:00:00 +1300{430393C3-B34C-4A24-B50E-7CAE52F33172}https://www.rbnz.govt.nz/hub/news/2024/03/new-measures-to-build-cyber-resilienceNew measures to build cyber resilienceThe Reserve Bank of New Zealand – Te Pūtea Matua has published consultation feedback and decisions on collecting data to support cyber resilience.Mon, 04 Mar 2024 00:00:00 +1300{4551BD47-0BFC-41F5-8464-600563EC4461}https://www.rbnz.govt.nz/hub/news/2024/monetary-policy-remains-restrictiveMonetary Policy remains restrictiveThe Monetary Policy Committee today agreed to hold the Official Cash Rate (OCR) at 5.50%.Wed, 28 Feb 2024 00:00:00 +1300{6F31ACBB-6D66-4F2F-97F8-8F8C93213E86}https://www.rbnz.govt.nz/hub/news/2024/changes-to-rbnz-executive-leadership-teamChanges to RBNZ Executive Leadership TeamAssistant Governor/General Manager Transformation, Innovation, People and Culture Juliet Tainui-Hernandez has resigned to focus on her governance career. Thu, 22 Feb 2024 00:00:00 +1300{EB0A3AB2-42A4-4FD3-A263-25FD0D1FA283}https://www.rbnz.govt.nz/hub/news/2024/the-monetary-policy-remitThe Monetary Policy Remit and 2% inflationInflation is the number one challenge facing the Reserve Bank, Governor Adrian Orr says in a speech delivered today at the 2024 Economics Forum at The University of Waikato.Fri, 16 Feb 2024 00:00:00 +1300{DCB17FF4-7669-4142-85DC-CF7735A3F03C}https://www.rbnz.govt.nz/hub/news/2024/the-importance-of-quality-research-and-dataThe importance of quality research and dataThe New Zealand and global economies have suffered a series of shocks that have changed the economic landscape in the past few years.Tue, 30 Jan 2024 00:00:00 +1300{2745BBF0-2C43-43D7-9555-84F66D86524E}https://www.rbnz.govt.nz/hub/news/2024/in-retrospect-rbnzs-support-of-financial-market-functioning-at-the-onset-of-covid-19In retrospect: RBNZ’s support of financial market functioning at the onset of COVID-19This Bulletin discusses the drivers of dysfunction in key NZ dollar financial markets in 2020, and our actions to support financial market functioning during this time.Thu, 25 Jan 2024 00:00:00 +1300{27B5F009-387B-4DB7-AED3-988A41ED7943}https://www.rbnz.govt.nz/hub/news/2024/consultation-on-dti-and-lvr-settingsConsultation on DTI and LVR settingsThe Reserve Bank of New Zealand - Te Pūtea Matua has launched a consultation on activating debt to income (DTI) restrictions and loosening loan to value ratios (LVR) for residential lending. Tue, 23 Jan 2024 00:00:00 +1300{B7F76FCB-7F1A-46E4-B6B3-6A5C1D6069D5}https://www.rbnz.govt.nz/hub/news/2023/12/citibank-nz-issued-formal-warning-under-aml-cft-actCitibank NZ issued formal warning under AML/CFT ActThe Reserve Bank of New Zealand – Te Pūtea Matua has issued a formal warning to Citibank N.A. New Zealand Branch (Citibank NZ) relating to the wire transfer identity requirements under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act 2009.Thu, 14 Dec 2023 00:00:00 +1300{38A75027-50C9-4C90-A83B-564CF14E8320}https://www.rbnz.govt.nz/hub/news/2023/12/monetary-policy-remit-amendedMonetary Policy Remit amendedThe Reserve Bank of New Zealand – Te Pūtea Matua acknowledges the amended Remit for the Monetary Policy Committee (MPC) issued today by the Minister of Finance.Wed, 13 Dec 2023 00:00:00 +1300{DAB999D0-34D9-489B-BB89-C85E855DD69E}https://www.rbnz.govt.nz/hub/news/2023/12/lvr-restrictions-have-added-to-resilienceLVR restrictions have added to resilienceThis Bulletin reflects on a decade of using macroprudential policy and finds New Zealand’s loan-to-value ratio (LVR) restrictions on new mortgage lending have added to the resilience of the financial system.Tue, 12 Dec 2023 00:00:00 +1300{BBB63C3F-F4F6-4E57-9800-FCD892356401}https://www.rbnz.govt.nz/hub/news/2023/12/updated-weights-for-trade-weighted-indexUpdated weights for Trade-Weighted IndexTue, 12 Dec 2023 00:00:00 +1300{56063476-8A15-4BF6-8030-B717C6E35850}https://www.rbnz.govt.nz/hub/news/2023/12/households-tend-to-pay-more-attention-to-inflation-when-it-is-highHouseholds tend to pay more attention to inflation when it is highInflation expectations — what people think inflation will be in the future — are crucial for policymakers at the Reserve Bank of New Zealand, Te Pūtea Matua.Mon, 11 Dec 2023 00:00:00 +1300{74351FAB-B810-456D-B360-D54223638DB6}https://www.rbnz.govt.nz/hub/news/2023/12/major-banks-compliant-with-rbnz-outsourcing-policyMajor banks compliant with RBNZ Outsourcing PolicyIn a significant milestone, the Reserve Bank of New Zealand - Te Pūtea Matua is pleased to confirm that New Zealand’s largest banks are now compliant with our Outsourcing Policy (BS11). Mon, 11 Dec 2023 00:00:00 +1300{AC13F38F-DBBD-4ECA-87F9-3806BFE358FA}https://www.rbnz.govt.nz/hub/news/2023/12/reserve-bank-reminds-retailers-to-train-new-cash-handlers-on-fake-note-detectionReserve Bank reminds retailers to train new cash handlers on fake note detectionRetailers are being reminded to take the time to train new cash handling staff on the fast and easy ways to spot fake banknotes.Fri, 08 Dec 2023 00:00:00 +1300{6F81B587-4BFA-499C-8A55-08F5D3381350}https://www.rbnz.govt.nz/hub/news/2023/12/new-zealand-government-bonds-through-the-pandemic-and-beyondNew Zealand Government Bonds – through the pandemic and beyondThis Bulletin provides an overview of developments in the New Zealand Government Bond market over recent years.Wed, 06 Dec 2023 00:00:00 +1300{2EEF2371-F1A7-4DC0-B38C-AB52181EE479}https://www.rbnz.govt.nz/hub/news/2023/12/key-liquidity-policy-review-decisions-announcedKey liquidity policy review decisions announcedThe Reserve Bank of New Zealand - Te Pūtea Matua has announced two key decisions following the second round of public consultation on its liquidity policy review (C2).Tue, 05 Dec 2023 00:00:00 +1300{B6144EFE-6358-4E05-BD0E-5505C812D2E0}https://www.rbnz.govt.nz/hub/news/2023/11/reserve-bank-community-cash-trials-to-start-next-yearReserve Bank community cash service trials to start in 2024Rural New Zealand communities lacking commercial bank over-the-counter or ATM cash services will be invited to take part in service trials starting next year of new ways to help individuals and retailers withdraw and deposit cash.Mon, 04 Dec 2023 00:00:00 +1300{78CEA728-5693-4987-9C82-B8AC39965D0D}https://www.rbnz.govt.nz/hub/news/2023/11/monetary-policy-to-remain-restrictiveMonetary policy to remain restrictiveThe Monetary Policy Committee today agreed to maintain the Official Cash Rate at 5.50%.Wed, 29 Nov 2023 00:00:00 +1300{227C3E65-5D1D-48F8-AF24-EF207DBC6378}https://www.rbnz.govt.nz/hub/news/2023/11/building-a-balance-sheet-to-support-financial-stabilityBuilding a balance sheet to support financial stabilityCentral banks can use their balance sheets to support not just monetary policy, but also financial stability objectives, Assistant Governor Karen Silk says. Tue, 14 Nov 2023 00:00:00 +1300{120931C8-CB9F-4BE0-8E1C-B204B0955DC0}https://www.rbnz.govt.nz/hub/news/2023/11/key-decisions-on-review-of-policy-for-branches-of-overseas-banksRBNZ announces key decisions on review of policy for branches of overseas banksThe Reserve Bank of New Zealand – Te Pūtea Matua is nearing completion of its Branch Policy review and is now seeking views on implementation considerations.Tue, 07 Nov 2023 00:00:00 +1300{9825E849-B377-47CD-BB48-1C3F8608F59A}https://www.rbnz.govt.nz/hub/news/2023/11/financial-system-still-adjusting-to-higher-interest-ratesFinancial system still adjusting to higher interest ratesNew Zealand’s financial system remains strong as it adjusts to a higher interest rate environment, Deputy Governor Christian Hawkesby says in releasing the November 2023 Financial Stability Report.Wed, 01 Nov 2023 00:00:00 +1300{C7BAEAF0-3E55-4DB3-8563-A7F97FE30A70}https://www.rbnz.govt.nz/hub/news/2023/10/new-zealands-financial-system-resilience-compares-well-with-advanced-economiesNew Zealand's financial system resilience compares well with advanced economies'Advanced economies’ financial systems have been largely resilient to risks arising from higher interest rates so far. However, the full impact is still to be seen and some areas of concern are emerging, according to an extract from the upcoming Reserve Bank of New Zealand – Te Pūtea Matua Financial Stability Report.Mon, 30 Oct 2023 00:00:00 +1300{FF4D4474-406E-4717-982A-1FA3C1377CC9}https://www.rbnz.govt.nz/hub/news/2023/10/farmers-facing-heightened-challengesFarmers facing heightened challengesThe agricultural sector is facing difficult economic conditions, because of low dairy, meat and forestry prices, high operating expenses and increased debt servicing costs.Thu, 26 Oct 2023 00:00:00 +1300{EB6804A8-6356-412A-B5D8-A01DD00C7EB2}https://www.rbnz.govt.nz/hub/news/2023/10/rbnz-releases-annual-report-2023RBNZ releases Annual Report 2023The Reserve Bank of New Zealand – Te Pūtea Matua has today published its Annual Report covering the year from 1 July 2022 to 30 June 2023. Thu, 12 Oct 2023 00:00:00 +1300{CA9E8255-D9D5-436C-9BC1-0F19F0376DC7}https://www.rbnz.govt.nz/hub/news/2023/10/official-cash-rate-remainsOfficial Cash Rate remains at 5.50%The Monetary Policy Committee today agreed to hold the Official Cash Rate (OCR) at 5.50%Wed, 04 Oct 2023 00:00:00 +1300{4E3E63BD-484B-4DEB-AEDD-97EEB0FCEDC5}https://www.rbnz.govt.nz/hub/news/2023/09/ipsa-consultationFinal IPSA review policy consultation commencesThe Reserve Bank of New Zealand – Te Pūtea Matua has launched the final policy consultation on the review of the Insurance (Prudential Supervision) Act (IPSA) 2010.Wed, 27 Sep 2023 00:00:00 +1300{C4CCD7EA-84B2-401B-A3C6-213C09F0FEDD}https://www.rbnz.govt.nz/hub/news/2023/09/liquidity-one-word-three-meaningsLiquidity: one word, three meaningsThere are at least 3 types of liquidity and we at Te Pūtea Matua have an interest in all of them, Reserve Bank of New Zealand, Assistant Governor Karen Silk said today.Wed, 13 Sep 2023 00:00:00 +1200{74E11EDB-D5D2-43BC-889B-BF7F3B1B7B4E}https://www.rbnz.govt.nz/hub/news/2023/09/towards-good-governance-in-the-financial-systemTowards good governance in the financial systemIn a speech published today, to the Institute of Directors, Mr Hawkesby says effective board governance for banks, insurers and other financial services providers is critical to the financial soundness of New Zealand’s financial institutions and financial system. Thu, 07 Sep 2023 00:00:00 +1200{27D5F0DB-415A-44F5-80BA-E8122A15D970}https://www.rbnz.govt.nz/hub/news/2023/09/rbnz-and-fma-governance-thematic-reviewRBNZ and FMA Governance Thematic Review outlines good practices and areas for improvementA cross-sector thematic review of regulated entities’ governance practices by the Reserve Bank of New Zealand (RBNZ) – Te Pūtea Matua and the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko has highlighted the need for boards to be focused on continuous improvement to ensure future success.Tue, 05 Sep 2023 00:00:00 +1200{883C27A5-66D9-41AD-81AE-0ABD0B5BF1DB}https://www.rbnz.govt.nz/hub/news/2023/09/evolving-financial-services-regulation-brings-rbnz-closer-to-international-best-practiceEvolving financial services regulation brings RBNZ closer to international best practiceThe Reserve Bank of New Zealand – Te Pūtea Matua has been part of a seismic shift in financial services regulation, Director of Enforcement and Resolution Kerry Beaumont says in a speech published today.Mon, 04 Sep 2023 00:00:00 +1200{9A4A33AD-225B-4DCF-A5E3-6600A86562FE}https://www.rbnz.govt.nz/hub/news/2023/08/connected-exposures-policy-finalisedConnected Exposures policy finalisedThe Reserve Bank of New Zealand – Te Pūtea Matua has completed a review of its Connected Exposures policy, which included two rounds of public consultation. The finalised policy has now been published and is expected to come into effect on 1 October 2023.Thu, 24 Aug 2023 00:00:00 +1200{BF133028-DD84-4BE2-9F4E-AF4B83BCB21D}https://www.rbnz.govt.nz/hub/news/2023/08/rbnz-releases-results-of-industry-climate-surveyRBNZ releases results of industry climate surveyThe Reserve Bank of New Zealand - Te Pūtea Matua has published a Bulletin article highlighting high level results from a survey of prudentially regulated entities on climate change. Wed, 23 Aug 2023 00:00:00 +1200{A940FCEF-E9F2-4EE9-A5DA-EDE1456C37F5}https://www.rbnz.govt.nz/hub/news/2023/08/2023-monetary-policy-challenge-winners-announced2023 Monetary Policy Challenge winners announcedWellington’s Scots College has been named the national winner of our 2023 Monetary Policy Challenge.Tue, 22 Aug 2023 00:00:00 +1200{3C5DE36C-9513-45D3-BE90-9BDAC5A5D7E1}https://www.rbnz.govt.nz/hub/news/2023/08/reserve-bank-financial-markets-statementReserve Bank Financial Markets StatementThis Financial Markets Statement confirms the pricing of the Reserve Bank’s standing facilities and ESAS accounts.Thu, 17 Aug 2023 00:00:00 +1200{4519435A-BD76-4CC9-9AF1-A11EBAC4ACE7}https://www.rbnz.govt.nz/hub/news/2023/08/official-cash-rate-remains-at-5-50Official Cash Rate remains at 5.5%The Monetary Policy Committee today agreed to maintain the Official Cash Rate (OCR) at 5.50%. Wed, 16 Aug 2023 00:00:00 +1200{7F6C42BE-EF94-4168-9F82-EB227FD12E69}https://www.rbnz.govt.nz/hub/news/2023/08/rbnzs-relationship-charter-shows-continued-growth-in-regulatory-relationshipsRBNZ's Relationship Charter shows continued growth in regulatory relationshipsFindings from the latest Reserve Bank of New Zealand - Te Pūtea Matua Relationship Charter survey show significant improvements among insurer stakeholders in their ratings of the relationship with RBNZ.Fri, 11 Aug 2023 00:00:00 +1200{6959F57A-DC98-489D-A647-841F9A06DE71}https://www.rbnz.govt.nz/hub/news/2023/08/cash-use-and-payments-postal-surveyCash use and payments postal surveyFrom mid-August until 9 October we are running a regular postal survey with the help of Research New Zealand.Thu, 10 Aug 2023 00:00:00 +1200{D0342028-94BD-4EB0-A03A-A3F567F12577}https://www.rbnz.govt.nz/hub/news/2023/08/rbnz-releases-too-little-too-late-climate-resilience-stress-test-scenarioRBNZ releases 'Too Little, Too Late' climate stress test scenarioThe Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ) has published the stress test scenario that our largest banks are using to test their ability to withstand severe, but plausible long-term climate-related risks.Thu, 10 Aug 2023 00:00:00 +1200{1CA073EC-E200-4A33-A02F-B602DE5C38FA}https://www.rbnz.govt.nz/hub/news/2023/08/first-rbnz-life-insurance-stress-test-shows-industry-well-placed-to-withstand-severe-shocksFirst RBNZ life insurance stress test shows industry well placed to withstand severe shocksThe Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ) has published the results of its first life insurance industry stress test (LIIST). The 2022/23 LIIST demonstrates the largest insurers in the sector are well placed to withstand severe economic and insurance shocks, while continuing to pay out on policy claims. Tue, 08 Aug 2023 00:00:00 +1200{6C2CFD79-11F2-4D59-B90C-BC18E574BF3A}https://www.rbnz.govt.nz/hub/news/2023/08/what-drives-rents-in-new-zealandWhat drives rents in New Zealand?A housing technical working group research paper.Mon, 07 Aug 2023 00:00:00 +1200{B29028E1-4DF5-4096-B3A0-FFCA16C884D3}https://www.rbnz.govt.nz/hub/news/2023/07/financial-market-infrastructures-standards-issuedFinancial Market Infrastructures Standards issuedStandards for designated Financial Market Infrastructures (FMIs) have been issued by the Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ) and the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko, following two rounds of public consultation.Mon, 31 Jul 2023 00:00:00 +1200{391B1C02-08D0-4DFA-BD46-DC320D898E4C}https://www.rbnz.govt.nz/hub/news/2023/07/first-stage-of-consultation-on-deposit-takers-act-implementation-launchesFirst stage of consultation on Deposit Takers Act implementation launchesThe Reserve Bank of New Zealand – Te Pūtea Matua has released its first consultation material on implementing the recently enacted Deposit Takers Act 2023 (the Act), with proposals for the Proportionality Framework and for levies to fund the Depositor Compensation Scheme (DCS).Mon, 31 Jul 2023 00:00:00 +1200{3657320A-EEE8-4A49-936A-60FCE1A74A57}https://www.rbnz.govt.nz/hub/news/2023/07/monetary-policy-announcement-and-financial-stability-report-datesMonetary Policy announcement and Financial Stability Report dates for early 2025The Reserve Bank of New Zealand - Te Pūtea Matua has released the dates for publication of its quarterly Monetary Policy Statement (MPS), Monetary Policy Review (MPR) decisions and the 6-monthly Financial Stability Report (FSR). Fri, 21 Jul 2023 00:00:00 +1200{90D19B4B-9980-4B78-9E1F-ACF408FB745D}https://www.rbnz.govt.nz/hub/news/2023/07/reserve-bank-phone-scam-advisoryReserve Bank phone scam advisoryThe Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ) is aware of a number of instances where members of the public have received calls that appear to be from an RBNZ phone number.Thu, 20 Jul 2023 00:00:00 +1200{915974F6-8788-4741-9C25-744A55090CFE}https://www.rbnz.govt.nz/hub/news/2023/07/official-cash-rate-remains-on-holdOfficial Cash Rate remains on holdThe Monetary Policy Committee today agreed to leave the Official Cash Rate (OCR) at 5.50%.Wed, 12 Jul 2023 00:00:00 +1200