New Zealand
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…
NZ dollar falls after central bank sales
New Zealand's dollar fell against the US dollar and yen as the Reserve Bank of New Zealand intervened to sell the kiwi.
NZ interest rate up to record 8%
The markets were taken by surprise on 7 June when the New Zealand central bank raised its key interest rate to a record 8% from 7.75%, in efforts to stem inflation.
New information officer for RBNZ
The Reserve Bank of New Zealand has announced the appointment of Tanya Harris as its new Chief Information Officer and Head of Knowledge Services Group.
RBNZ's Bollard gets second term
New Zealand's finance minister, Michael Cullen, reappointed Alan Bollard for a second five-year term, the Reserve Bank announced.
CB independence under threat in New Zealand
According to this note by a New Zealand-based economic research company, Allan Bollard, the governor of the Reserve Bank of Zealand, has adopted an experimental "go for growth" monetary policy strategy. A move away from this approach could make the…
It's all down to Bollard to beat NZ's bubble now
According to this article published by The National Business Review on Friday 11 May, politicians have failed to do anything to rein in New Zealand's property boom, leaving it all up to Reserve Bank governor Alan Bollard.
RBNZ Financial Stability Report, May 2007
The Reserve Bank of New Zealand published its May 2007 Financial Stability Report on 9 May. RBNZ governor Alan Bollard said that New Zealand's financial system has continued to be stable.
RBNZ raises OCR to 7.75 percent
The Reserve Bank of New Zealand said Thursday 26 April its Official Cash Rate (OCR) will increase by 25 basis points to 7.75 percent.
Yogesh Anand leaving the RBNZ for the BIS
Reserve Bank of New Zealand Chief Information Officer Yogesh Anand is leaving the Bank to take up the role of Head of Information Technology Services for the Bank for International Settlements (BIS) in Basel, Switzerland, the RBNZ said Thursday 19 April.
Reserve Bank of New Zealand Bulletin, Mar 2007
The Reserve Bank of New Zealand published the March 2007 issue of its Bulletin on 30 March. In the Bulletin the Reserve Bank presents a framework for considering how fiscal policy affects the wider economy, an important issue for monetary policy.
BOJ's Fukui repeats to hike rates slowly
Bank of Japan governor Toshihiko Fukui told lawmakers Monday 26 March that the central bank will maintain its accommodative monetary policy stance for now by raising interest rates only slowly.
RBNZ's Bollard on global liquidity and New Zealand
In the speech 'Easy money: Global liquidity and its impact on New Zealand' given on 15 March Alan Bollard of the RBNZ said that the central bank is assessing alternative measures to support the official cash rate.
RBNZ Monetary Policy Statement, March 2007
The Reserve Bank of New Zealand published its March 2007 Monetary Policy Statement on 8 March. The report said recent indicators show clear evidence of a pick-up in economic activity in late 2006 and early 2007.
RBNZ re-appoints Arthur Grimes to Board
Arthur Grimes has been re-appointed as a non-executive director on the Reserve Bank of New Zealand's Board for a second five-year term, finance minister Michael Cullen announced Monday 5 March.
Russia reiterates reserve diversification idea
The Russian central bank remains interested in further diversification of the currency structure of its gold and forex exchange reserves, its first deputy chairman said in a newspaper interview published on Tuesday 21 February.
RBNZ appoints deputy governor
Grant Spencer has been appointed deputy governor of the Reserve Bank of New Zealand, RBNZ governor Alan Bollard announced Friday 16 February.
RBNZ appoints John McDermott Head of Economics
Dr John McDermott has been appointed Head of Economics at the Reserve Bank of New Zealand, the RBNZ said Friday 9 February.