New Zealand

NZ c bank cuts cash rate 50 basis points to 4.75%

NEW ZEALAND - The Reserve Bank of New Zealand Wednesday met market expectations by cutting its Official Cash Rate by 50 basis points to 4.75% and flagged the possibility of further interest rate cuts early next year if the global economy is worse than…

RBNZ directors - Breach of inflation target was OK

NEW ZEALAND - The Reserve Bank of New Zealand's breach of its official inflation target through much of the year ending 30 June, isn't a matter for concern, the central bank's non-executive directors said in its annual report issued Thursday 4 October.

RBNZ reminder re economic sanctions

NEWS RELEASE - The Reserve Bank has written to banks and financial institutions reminding them of their obligations in regard to United Nations sanctions that apply in New Zealand.

Bank backs Aussie-Kiwi policy

NEW ZEALAND - A journal published by the Hong Kong and Shanghai Banking Corporation (HSBC) has called on Australia and New Zealand to adopt a common monetary policy.

Promoting financial stability in New Zealand

SPEECH - Recently published transcript of an Address by Dr Don Brash, Governor of the Reserve Bank of New Zealand to the Conference for Commonwealth Central Banks on Corporate Governance for the Banking Sector, London, 6 June.