New Zealand
RBNZ runs out of coins in Xmas lead up
Just five weeks after phasing out the old coins, the Reserve Bank of New Zealand has now written to the country's retail banks warning them there will be a shortage of the new 20 cent pieces in the lead up to the busy Christmas period.
E. Asia-Pacific & Eurozone cb seminar
The Reserve Bank of New Zealand and the European Central Bank jointly organised the 3rd High-Level Seminar of Central Banks in the East Asia-Pacific Region and the Euro Area on Tuesday 21 November.
RBNZ Financial Stability Report, November 2006
The Reserve Bank of New Zealand published its November 2006 Financial Stability Report on 15 November. RBNZ governor Alan Bollard said banks continue to appear well capitalised and continue to return strong profits.
Yen lures Swiss, Russian, NZ central banks
According to this article published Monday 13 November by Bloomberg, central banks are increasing their holdings of the yen, in anticipation of a rebound from a 20-year low.
RBNZ's Bollard on financial stability issues
In the speech 'Kiwis like buying houses more than buying businesses' given on 9 November Alan Bollard of the RBNZ said New Zealanders' low investment in local businesses leaves the economy more vulnerable to shocks and constrains the country's growth…
RBNZ holds rates unchanged, Sweden hikes
The Reserve Bank of New Zealand left its official cash rate unchanged at 7.25 pct on Thursday 26 October reflecting slowing economic growth. Swedish interest rates were raised in a widely expected move.
RBNZ and The Treasury release conference book
The Reserve Bank of New Zealand and The Treasury released a book entitled "Testing stabilisation policy limits in a small open economy" on Monday 16 October. The book contains the proceedings of a conference held in Wellington on June 12th this year.
RBNZ says salary reports 'rubbish'
The Reserve Bank of New Zealand on Thursday 5 October rejected as "rubbish" news reports claiming that Reserve Bank staff remuneration rose 15.4 percent on average per employee.
Reserve Bank of New Zealand - Annual Report 2006
According to the Reserve Bank of New Zealand's Annual Report 2006, the last year had been particularly challenging, with monetary policy having to contend with more persistent oil price increases and stronger economic activity than anticipated.
RBNZ paper on open economy inflation targeters
The Reserve Bank of New Zealand Discussion Paper "What do robust policies look like for open economy inflation targeters?" examines the role of the open economy in determining robust rules when the central bank fears various model misspecification errors.
Household savings and wealth in New Zealand
This Reserve Bank of New Zealand paper released on 27 September discusses a range of factors that may account for the decline in saving. The paper was prepared as background for a presentation by Reserve Bank governor, Alan Bollard, to the New Zealand…
RBNZ Monetary Policy Statement, September 2006
The Reserve Bank of New Zealand published its September 2006 Monetary Policy Statement on 14 September. The report said the New Zealand economy continues to show resilience.
Reserve Bank of New Zealand Bulletin, Sep 2006
The Reserve Bank of New Zealand published the September 2006 issue of its Bulletin on 8 September. To mark the opening of the Reserve Bank museum, the first article in the Bulletin looks at the events leading to the establishment of the Reserve Bank in…
RBNZ's museum opened Wednesday 6 September
The Reserve Bank of New Zealand announced Wednesday 6 September that its Museum will be officially opened tonight by Peter Hillary, on behalf of Sir Edmund Hillary, the only living New Zealander portrayed on New Zealand's bank notes.
Counterfeiters finally crack the Euro note
According to this article published on The New Zealand Herald's website on Wednesday 2 August, the amount of counterfeit currency discovered in the 12 euroland countries is now running at 600,000 notes a year - roughly the same as before the single…
What Ben Bernanke could learn from New Zealand
According to this article from Bloomberg, published Friday 28 July, while Fed chairman Ben Bernanke and the world's biggest policy makers don't often pay attention to New Zealand, they would be wise to follow Alan Bollard's progress.
New Zealand's new coins go into circulation
Smaller, lighter 50, 20, and 10 cent coins were released Monday 31 July in New Zealand. The new coins retain the same "heads" and "tails" designs but the 10 cent coin is copper-coloured, the RBNZ said.
RBNZ paper on exchange rate stabilisation
The Reserve Bank of New Zealand Working Paper "How costly is exchange rate stabilisation for an inflation targeter? The case of Australia" quantifies the costs of mitigating exchange rate volatility within the context of a flexible inflation targeting…
IMF to appoint Jonathan Palmer to new CIO role
Rodrigo de Rato, Managing Director of the International Monetary Fund (IMF), announced Wednesday 26 July his intention to appoint Jonathan Palmer as Chief Information Officer (CIO) of the IMF and Associate Director of the Fund's Technology and General…
RBNZ leaves OCR unchanged at 7.25 per cent
The Reserve Bank of New Zealand announced Thursday 27 July that the Official Cash Rate (OCR) will remain unchanged at 7.25 per cent. Reserve bank governor Alan Bollard said: "Recent economic developments have been broadly in line with our June Monetary…
Changes to RBNZ's Bond Lending Facility
In consultation with the New Zealand Debt Management Office, The Reserve Bank of New Zealand announced Friday 21 July that, as from Monday, it will make the following changes to its Bond Lending Facility.
Bollard on agriculture, monetary policy, economy
In the speech 'Agriculture, monetary policy and the economy' given on 18 July Alan Bollard of the RBNZ said at the moment the New Zealand economy is moving into a rebalancing period.
RBNZ's Bollard on an independent monetary policy
In the speech 'Can NZ expect to carry out independent monetary policy?' given on 13 July Alan Bollard of the RBNZ said New Zealand can still carry out its own independent monetary policy effectively, even though it has had to work against strong global…
RBNZ countdown to smaller lighter coins
On 31 July the current 50, 20, and 10 cent coins will be replaced with smaller and lighter coins, and the 5 cent coin will begin to be phased out, the Reserve Bank of New Zealand said on Monday 10 July.