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Reserve Bank of New Zealand (RBNZ)

New Zealand set for slowdown - Bollard

New Zealand will see a moderate slowdown in economic activity reflecting weaker household spending, business investment, the negative effects of dry weather conditions and the impact of the exchange rate on exporters, stated Alan Bollard, the governor of…

Brash enters Kiwi fracas

Don Brash, the former governor of the Reserve Bank of New Zealand, has entered the ongoing debate about the relations between the central bank and the ministry of finance.

New foreign exchange strategy in New Zealand

Allan Bollard, the governor of the Reserve Bank of New Zealand, announced on 13 July that the central bank will move away from its current practice of matching its foreign assets to its foreign liabilities.

RBNZ intervenes in currency market again - traders

Foreign currency traders say that the Reserve Bank of New Zealand again intervened in the market on 18 June. This follows a statement by the central bank last week acknowledging that it had done so for the first time since it set up a fund for…

CLS Bank live with four additional currencies

CLS Bank International announced on Monday 6 December that it will settle payment instructions in four new currencies for the first time this week. This brings to fifteen the number of currencies eligible to settle through CLS Bank.

RBNZ's Bollard speaks on ANZ acquisition

The Reserve Bank of New Zealand released an excerpt from a speech by Reserve Bank Governor Alan Bollard on 6 November. It outlines the policy initiatives taken by the Reserve Bank in dealing with the application by the ANZ to buy National Bank. The…

Reserve Bank of New Zealand Bulletin, Sep 2003

The Reserve Bank of New Zealand published its quarterly Bulletin for September 2003. Among the articles is an annual review of developments affecting New Zealand's financial stability. In the review the RBNZ concludes that New Zealand's financial sector…

Reserve Bank of New Zealand Amendment Act

The Reserve Bank of New Zealand's Amendment Bill will change the RBNZ's arrangements slightly. The key governance change is that the Governor no longer chairs the Bank's Board of Directors, the chair being a non-executive director appointed by the non…

RBNZ focusing on banking supervision in NZ

Speaking in Wellington, Reserve Bank of New Zealand governor Dr Alan Bollard said "The Reserve Bank is keen to ensure that our regulatory system is invigorated and focused." In a press release Friday the RBNZ signalled its intention to put more effort…

RBNZ reduces OCR to 5.0 per cent

The Reserve Bank of New Zealand knocked a quarter percent off its main OCR interest rate Thursday. Governor Alan Bollard said on balance a further reduction seems appropriate today, with evidence continuing to suggest slowing economic activity.

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