New Zealand
New Zealand economy stable despite turmoil
New Zealand's financial system remains sound in spite of the recent global banking crisis, the Reserve Bank of New Zealand said on Wednesday.
Fed finally gives Basel II the green light
The Federal Reserve Board on Friday approved the American version of the Basel II framework on risk-based capital requirements. It is the last of the Group of Ten countries, which developed the framework, to do so.
New Zealand adapts as regulatory role expands
The Reserve Bank of New Zealand said on Thursday that it would restructure its financial stability department in order to cope with the central bank's expanding role in maintaining the country's financial system.
New Zealand leaves rates at 8.25%
The Reserve Bank of New Zealand decided on Thursday to hold its benchmark official cash rate at 8.25%.
Crisis shows why we need Basel II, says Committee
The recent banking crisis has underlined the importance of Basel II implementation, according to the Basel Committee on Banking Supervision.
Reserve Bank of New Zealand - 06/07 Annual Report
Alan Bollard, the governor of the Reserve Bank of New Zealand, said that, aside from price stability, the central bank had focused on foreign exchange, banking, financial systems, payment systems and currency.
Bollard defends monetary policy framework
Alan Bollard, the governor of the Reserve Bank of New Zealand said yesterday that if the central bank were to aim for exchange rate stability the price to be paid would be big swings in interest rates.
New Zealand holds rates
The Reserve Bank of New Zealand decided to keep its benchmark official cash rate (OCR) at 8.25% on Thursday.
RBNZ appoints new department head
Lindsay Jenkin will join the Reserve Bank of New Zealand as head of human resources.
RBNZ boosts liquidity with bill buyback
The Reserve Bank of New Zealand said that it will accept New Zealand bank bills in its overnight reverse repurchase facility from 24 August.
RBNZ comments on liquidity provisions
Grant Spencer, the acting governor of the Reserve Bank of New Zealand, says the central bank would act if market conditions worsened, saying that the bank "stands ready to provide additional liquidity" if required.
NZ finance minister knocks CB migration plans
Michael Cullen, New Zealand's finance minister, criticised the Reserve Bank of New Zealand's proposal to limit immigration in order to curb rising house prices in parliament today.
New Zealand central bank defends policy framework
The Reserve Bank of New Zealand has published its submission to the government's inquiry into the future monetary policy framework.
Calls for New Zealand to drop inflation target
The New Zealand stock exchange operator, New Zealand Exchange (NZX), has called for on the country's central bank to abandon its strict inflation target. Michael Cullen, the finance minister, called the suggestion "very interesting and very well…
New Zealand raises official cash rate
The Reserve Bank of New Zealand has raised its official cash rate (OCR) by 25 basis points to 8.25%, while indicating that further rises may not be necessary.
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.
Inflation surprise lifts New Zealand dollar
New Zealand's benchmark interest rate is widely expected to be raised by a quarter of a percentage point to a record level of 8.25% next week, after a report published today revealed that inflation has risen faster than the Reserve Bank anticipated. The…
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.
NZ lawmakers to review monetary policy framework
Lawmakers in New Zealand are set to consider new measures to widen the focus on monetary policy and provide the central bank with more policymaking tools.
New RBNZ research bulletin
The Reserve Bank of New Zealand recently released the June 2007 edition of its research bulletin. The first article of this issue looks at how monetary policy influences the general price level.
RBNZ may continue to sell its dollar - deputy gov
Grant Spencer, deputy governor of the Reserve Bank of New Zealand said on 27 June that the central bank may continue selling its domestic currency, now trading at its highest level in more than two decades.
The continuing rise of the kiwi
The New Zealand dollar continues its rapid rise on perceptions that the central bank will be unable to stem a rally powered by Japanese investors looking for higher yields. The currency rose to its highest level in 22 years on 25 June.
NZ dollar nears 20 year high against the yen
New Zealand's dollar, known as the "kiwi", appreciated to its highest value in almost 20 years against the yen as investors bet on the failure of the central bank to stem its gains.
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…