New Zealand
New Zealand's new coins introduced on 31 July
The Reserve Bank of New Zealand announced on Monday 20 February that New Zealand's new 50, 20 and 10 cent coins will be introduced on 31 July 2006.
RBNZ to raise Settlement Cash Level to $2,000m
The Reserve Bank of New Zealand will raise the Settlement Cash Level (SCL) from its current level of $500 million to $2,000 million, for value date 13 February 2006.
RBNZ to raise settlement cash level temporarily
The Reserve Bank of New Zealand will temporarily raise the Settlement Cash Level (SCL) from its current level of $20 million to $500 million, for value date 2 February 2006.
RBNZ's Bollard on major global developments
In the speech 'Major global developments in the new millennium' given on 27 January Alan Bollard of the RBNZ said New Zealand has been growing strongly over the last decade, driven by improved efficiency, high participation and stronger terms of trade.
RBNZ holds OCR unchanged at 7.25 per cent
The Reserve Bank of New Zealand announced on Thursday 26 January that the Official Cash Rate (OCR) will remain unchanged at 7.25 per cent.
Inflation targeting: the New Zealand experience
The Reserve Bank of New Zealand released a paper 'Inflation Targeting: the New Zealand Experience and Some Lessons' on Wednesday 18 January , by Dr Alan Bollard and Ozer Karagedikli, which was presented to a conference hosted by the Central Bank of the…
RBNZ releases outsourcing policy for banks
The Reserve Bank of New Zealand on Wednesday published its finalised policy on the requirements which will apply to large New Zealand banks that have entered into outsourcing arrangements.
Reserve Bank of New Zealand Bulletin, Dec 2005
The Reserve Bank of New Zealand published the December 2005 issue of its Bulletin on 20 December. The latest issue includes an article which looks at the importance of oil to the New Zealand economy and the various ways in which oil prices may affect…
RBNZ Monetary Policy Statement, December 2005
The Reserve Bank of New Zealand published its December 2005 Monetary Policy Statement on 8 December. It also announced that the OCR will increase by 25 basis points to 7.25 per cent. The report said the RBNZ remains concerned about the tightness of…
Bollard on monetary policy & economic performance
In the paper 'Monetary policy and economic performance: The experience of New Zealand' presented on 15 November at the conference commemorating the 80th anniversary of the Banco de Mexico Alan Bollard said over the past five years, New Zealand has been a…
NZ's Bollard prioritises slowing demand
Reserve Bank of New Zealand governor Alan Bollard said in a report published on Tuesday22 November that slowing the pace of domestic demand is a `priority' and another interest-rate increase cannot be ruled out.
New Crisis Management section on RBNZ's website
The Reserve Bank of New Zealand introduced a new section to its website on Friday entitled Crisis Management.
RBNZ Financial Stability Report, November 2005
The Reserve Bank of New Zealand published its November 2005 Financial Stability Report on 18 November. Reserve Bank governor Alan Bollard commented: "The New Zealand financial system, overall, is well placed to weather a possible slowdown in the economy."
Jordan's interest rates on the move
The Central Bank of Jordan (CBJ) governor, Umayya Touqan, announced on Sunday 6 November that interest rates on repurchase agreements for a week would be raised by 25 basis points.
RBNZ chief may raise rates until it 'hurts'
Reserve Bank of New Zealand governor Alan Bollard said in a radio interview he is willing to raise interest rates ``in a way that really hurts,'' to stop people thinking they can keep borrowing money to spend.
RBNZ's Bollard on inflation and the exchange rate
In the speech 'Housing debt, inflation and the exchange rate' given on 2 November Alan Bollard of the RBNZ said higher interest rates needed to dampen demand and inflation had had the side-effect of bolstering the currency.
Reserve Bank of New Zealand Annual Report 04-05
The Reserve Bank of New Zealand released its 2004-2005 Annual Report on Friday. RBNZ governor Alan Bollard said many of the achievements in the Annual Report in 2004-2005 were firsts for the Bank.
RBNZ increases OCR to 7 per cent
The Reserve Bank of New Zealand increased the Official Cash Rate (OCR) by 25 basis points to 7.00 per cent on Thursday. RBNZ governor Alan Bollard said medium term inflation risks remain strong.
RBNZ's Bollard on the New Zealand economy
In the speech 'Imbalances in the New Zealand economy' given on 14 October Alan Bollard of the RBNZ said very strong household spending was a common factor in the widening current account deficit and the inflationary pressures facing the New Zealand…
Reserve Bank of New Zealand Bulletin, Sep 2005
The Reserve Bank of New Zealand published the September 2005 issue of its Bulletin on 7 September. The first article provides an introduction to the Basel II framework and outlines the Reserve Bank's plans to adopt the framework here in New Zealand.
RBNZ Monetary Policy Statement, September 2005
The Reserve Bank of New Zealand published its September 2005 Monetary Policy Statement on 15 September. RBNZ Governor Alan Bollard said since the June Statement, economic indicators have broadly confirmed the slowdown in activity that commenced in the…
RBNZ's Bollard on the New Zealand payment system
In the speech 'New Zealand payment system' given on 11 August Alan Bollard of the Reserve Bank of New Zealand said the RBNZ is making protection of New Zealand's $41 billion-a-day payments system its leading priority.
RBNZ leaves OCR unchanged at 6.75 per cent
The Reserve Bank of New Zealand left the Official Cash Rate unchanged at 6.75 per cent on Thursday 28 July. Governor Alan Bollard said short-term inflation pressures have recently emerged as a result of surging oil prices.
RBNZ's new bond lending facility
The Reserve Bank of New Zealand announced on Thursday 14 July that, as from 18 July 2005, it will operate a bond lending facility.