Reserve Bank of New Zealand News Releases

Recruitment for Assistant Governor, Financial Stability underway

Wed, 25 Mar 2026 00:00:00 +1300

The Reserve Bank of New Zealand - Te Pūtea Matua has commenced recruitment for the role of Assistant Governor Financial Stability.

Why New Zealanders still feel squeezed despite lower inflation

Wed, 25 Mar 2026 00:00:00 +1300

Chief Economist Paul Conway delivers a keynote speech at the National Financial Advisers Conference 2026 in Auckland, with this year’s focus titled “Purchasing power and the real cost of living in New Zealand.

RBNZ Governor discusses impact of Middle East conflict on NZ economy

Tue, 24 Mar 2026 00:00:00 +1300

The Reserve Bank of New Zealand (RBNZ) is well positioned to handle the challenges to our price stability and financial stability mandates caused by the ongoing conflict in the Middle East.

Expanded April Monetary Policy Review and change to focus of Business NZ speech

Fri, 20 Mar 2026 00:00:00 +1300

The Reserve Bank of New Zealand – Te Pūtea Matua is expanding its communications approach for the 8 April Monetary Policy Review.

RBNZ releases Summary of Submissions and Key Decisions from Liquidity Management Consultation

Thu, 19 Mar 2026 00:00:00 +1300

The Reserve Bank has published a Summary of Submissions and Key Decisions paper on the Liquidity Management Review consultation. Decisions on the design of Open Market Operations (OMO) are expected to come into effect from 2 April 2026.

RBNZ working with industry to improve access to basic transaction services

Thu, 12 Mar 2026 00:00:00 +1300

Last year the Council of Financial Regulators (CoFR) consulted the public on whether New Zealanders should have the right to access a basic transaction account if they want one.

RBNZ opens consultation on second tranche of DTA Standards exposure drafts

Thu, 26 Feb 2026 00:00:00 +1300

The Reserve Bank of New Zealand – Te Pūtea Matua has opened consultation on exposure drafts of five more standards to support the implementation of the Deposit Takers Act 2023 (DTA).

Consultation opens on keeping cash local

Wed, 25 Feb 2026 00:00:00 +1300

We are asking the public for feedback on a proposal that banks must provide a minimum level of cash services so people, businesses, and community groups can withdraw cash, deposit cash, and get change free-of-charge close to where they live.

RBNZ Governor Anna Breman: Monetary policy must focus on the future

Fri, 20 Feb 2026 00:00:00 +1300

“To achieve our inflation target, we need to look ahead to the future, while learning from the past and understanding the present”, said Reserve Bank Governor Anna Breman in a speech at a Business Canterbury lunch today.

OCR on hold at 2.25% with inflation expected to fall

Wed, 18 Feb 2026 00:00:00 +1300

Monetary Policy Statement media release and the MPC’s Record of Meeting, which summarises the committee's discussions, leading to the decision.

RBNZ calls on deposit takers to enhance risk management practices

Wed, 04 Feb 2026 00:00:00 +1300

The Reserve Bank of New Zealand’s latest thematic review on deposit takers’ risk management practices stresses the need for continuous improvement to ensure risk management remains relevant, effective and aligned with good practice.

How important are global market shocks for explaining NZGB-swap spreads?

Tue, 20 Jan 2026 00:00:00 +1300

A research paper by Finn Robinson.

Reserve Bank appointments to Financial Policy Committee

Tue, 13 Jan 2026 00:00:00 +1300

Following an open recruitment process, the Reserve Bank of New Zealand (RBNZ) Board has appointed Ms Heidi Richards and Professor Prasanna Gai as external members of the Financial Policy Committee (FPC).

Reserve Bank announces outcome of Capital Review

Wed, 17 Dec 2025 00:00:00 +1300

The Reserve Bank of New Zealand (RBNZ) has released its decisions on the new capital settings applying to deposit takers.

RBNZ Governor speaks on Monetary Policy

Mon, 15 Dec 2025 00:00:00 +1300

In media interviews this week, Governor Dr Anna Breman is speaking about New Zealand’s economic outlook and monetary policy settings.

Reserve Bank files High Court action against ASB Bank

Mon, 15 Dec 2025 00:00:00 +1300

The Reserve Bank of New Zealand - Te Pūtea Matua has filed civil proceedings in the High Court against ASB Bank Limited.

Progress on cash

Thu, 27 Nov 2025 00:00:00 +1300

The Reserve Bank of New Zealand – Te Pūtea Matua, is working to ensure that New Zealanders can continue to withdraw cash, pay with cash and deposit cash as and when they want to.

Reserve Bank Board announcements

Thu, 27 Nov 2025 00:00:00 +1300

The Reserve Bank of New Zealand – Te Pūtea Matua welcomes the elevation of Rodger Finlay as our new Board Chair, and the appointment of Rhiannon McKinnon to the Board.

OCR lowered to 2.25%

Wed, 26 Nov 2025 00:00:00 +1300

Monetary Policy Statement media release and the MPC’s Record of Meeting, which summarises the committee's discussions, leading to the decision.

RBNZ's Wellington building to reopen following isolated asbestos disturbance

Thu, 20 Nov 2025 00:00:00 +1300

RBNZ’s Wellington building will reopen on Friday 21 November following the successful remediation of an isolated asbestos disturbance.

Reserve Bank confirms changes to LVR restrictions

Fri, 14 Nov 2025 00:00:00 +1300

The Reserve Bank of New Zealand has confirmed it will ease mortgage loan-to-value ratio (LVR) restrictions, as announced on 14 October.

Reserve Bank welcomes Government response to FEC banking inquiry

Thu, 13 Nov 2025 00:00:00 +1300

The Reserve Bank of New Zealand (RBNZ) welcomes the Government’s formal response to the recent Finance and Expenditure Committee (FEC) inquiry into banking competition.

RBNZ’s Wellington building temporarily closed after isolated asbestos disturbance

Wed, 12 Nov 2025 00:00:00 +1300

RBNZ’s Wellington building has been temporarily closed to allow for an isolated asbestos disturbance to be remediated.

Financial stability risks remain heightened

Wed, 05 Nov 2025 00:00:00 +1300

“Financial stability risks remain higher than in recent years”, says Reserve Bank Governor Christian Hawkesby in releasing the Financial Stability Report this morning.

RBNZ publishes 2025 Bank Stress Test Results

Mon, 03 Nov 2025 00:00:00 +1300

The RBNZ has published the results from the 2025 Bank Industry Stress Test.

EMEAP reflects on past achievements and future priorities

Fri, 31 Oct 2025 00:00:00 +1300

The Executives Meeting of East Asia-Pacific Central Banks (EMEAP) has published a report to mark the 30th Meeting of EMEAP Governors.

RBNZ opens consultation on DTA Standards exposure drafts

Thu, 30 Oct 2025 00:00:00 +1300

We have opened consultation on exposure drafts of four standards to support the implementation of the Deposit Takers Act 2023 (DTA).

Reserve Bank of New Zealand hosts 40th Meeting of South Pacific Governors

Thu, 30 Oct 2025 00:00:00 +1300

A press release from the Reserve Bank of New Zealand, hosts of the 40th Meeting of South Pacific Governors held in Auckland, 22-24 October 2025.

Proactive release: RBNZ change process and restructure

Wed, 29 Oct 2025 00:00:00 +1300

We are proactively releasing all decision documents related to each stage of the RBNZ change process and restructure, also known as ‘Project Denby’.

Protecting independence while embracing partnership

Wed, 29 Oct 2025 00:00:00 +1300

A speech delivered by Governor Christian Hawkesby.

Transmission currents and the flow of monetary policy to domestic financial conditions

Wed, 29 Oct 2025 00:00:00 +1300

A speech delivered by RBNZ Director of Financial Markets, Adam Richardson.

Navigating the storm: lessons from monetary and fiscal policy during COVID-19

Wed, 15 Oct 2025 00:00:00 +1300

In a keynote address at the Citi Australia & New Zealand Investment Conference, Reserve Bank of New Zealand Chief Economist Paul Conway reflected on lessons learned from monetary and fiscal policy during the COVID-19 pandemic.

Monetary policy decision dates and financial stability report dates 2026/27

Wed, 15 Oct 2025 00:00:00 +1300

We have released our monetary policy and OCR dates and financial stability report dates for August 2026 to February 2027.

Reserve Bank to ease LVR restrictions

Tue, 14 Oct 2025 00:00:00 +1300

The Reserve Bank of New Zealand intends to ease mortgage loan-to-value ratio (LVR) restrictions from 1 December 2025.

RBNZ publishes Competition Assessment Guidelines for prudential policy development

Fri, 10 Oct 2025 00:00:00 +1300

The guidelines outline how we take competition into account when developing prudential policy.

OCR reduced to 2.5%

Wed, 08 Oct 2025 00:00:00 +1300

Monetary Policy Review media release and the MPC’s Record of Meeting, which summarises the committee's discussions, leading to the decision.

Reserve Bank establishes new Financial Policy Committee

Tue, 07 Oct 2025 00:00:00 +1300

The Board of the RBNZ will form a new committee of the Board called the Financial Policy Committee (FPC).

RBNZ releases Annual Report 2025

Mon, 06 Oct 2025 00:00:00 +1300

We have published our Annual Report covering the year from 1 July 2024 to 30 June 2025.

RBNZ opens consultation on use of the term ‘bank’

Tue, 30 Sep 2025 00:00:00 +1300

We have opened consultation on the use of the word ‘bank’ under the Deposit Takers Act 2023 (DTA).

Strong progress made on post-COVID-19 recommendations for monetary policy

Mon, 29 Sep 2025 00:00:00 +1300

Today we're releasing new research into monetary policy after the COVID-19 pandemic.

RBNZ Board welcomes new Governor and extension of current Governor's term

Wed, 24 Sep 2025 00:00:00 +1200

The RBNZ Board has welcomed the appointment of a new Governor following a robust and extensive recruitment process.

RBNZ opens final phase of Exchange Settlement Account System applications

Tue, 23 Sep 2025 00:00:00 +1200

All interested entities are invited to apply for ESAS access now.

New Monetary Policy Committee member appointed

Thu, 18 Sep 2025 00:00:00 +1200

Hayley Gourley has been appointed as a new member of the RBNZ's Monetary Policy Committee (MPC).

Consultation on the Liquidity Management Review opens

Wed, 10 Sep 2025 00:00:00 +1200

We are consulting on how we conduct Open Market Operations and are seeking input on design considerations for a Committed Liquidity Facility.

RBNZ responds to Chief Ombudsman decision

Thu, 28 Aug 2025 00:00:00 +1200

The Chief Ombudsman has completed his inquiry into complaints received on the RBNZ’s handling of Official Information Act (OIA) requests regarding former Governor Adrian Orr’s departure.

Reserve Bank renews currency swap facility with People's Bank of China

Thu, 28 Aug 2025 00:00:00 +1200

Renewal of a reciprocal currency arrangement with People's Bank of China.

RBNZ invites feedback on review of capital requirements for deposit takers

Mon, 25 Aug 2025 00:00:00 +1200

We have opened consultation on New Zealand’s capital settings for deposit takers.

OCR lowered to 3%

Wed, 20 Aug 2025 00:00:00 +1200

Monetary Policy Statement media release and the MPC’s record of meeting, which summarises the committee's discussions, leading to the decision.

Strong relationships highlighted in RBNZ Relationship Charter Survey

Thu, 07 Aug 2025 00:00:00 +1200

Strong relationships continue to be built and maintained with New Zealand’s banks, insurers, and Non-Bank Deposit Takers, our latest Relationship Charter Survey shows.

Consultation on regulating the High Value Clearing System opens

Mon, 04 Aug 2025 00:00:00 +1200

We are proposing that the Minister of Finance designates the High Value Clearing System (HVCS), allowing it to be regulated and supervised by RBNZ.