New Zealand
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.
New Zealand to block Zimbabwe visit
New Zealand will refuse entry visas to Gideon Gono, governor of Zimbabwe's central bank, and members of his staff, who were reportedly planning to visit the country, Prime Minister Helen Clark said this week.
Reserve Bank of New Zealand Bulletin, Jun 2005
The Reserve Bank of New Zealand has published the June 2005 issue of its Bulletin. The first article of the Bulletin discusses the outcome of the recent review of New Zealand's 'silver' coinage, which will see the move to smaller and lighter 10, 20 and…
RBNZ's supervisory role to stay
The Reserve Bank of New Zealand's supervisory role would not be removed following a review of trans-Tasman banking regulations, Finance Minister Michael Cullen said on Friday 10 June.
RBNZ Monetary Policy Statement, June 2005
The Reserve Bank of New Zealand published its June 2005 Monetary Policy Statement on 9 June. RBNZ Governor Alan Bollard said the current review confirms what we said in the March Statement and again at the April OCR review.
RBNZ Financial Stability Report, May 2005
The Reserve Bank of New Zealand published its May 2005 Financial Stability Report on 17 May. Reserve Bank governor Alan Bollard commented: "The New Zealand financial system, overall, is well placed to weather a possible slowdown in the economy."
RBNZ reinforces last week's statement
Reserve Bank of New Zealand governor Alan Bollard on Tuesday 3 May reinforced his statement of 28 April that economic data suggests that underlying demand and inflation pressures remain strong and that, in this environment, further policy tightening…