New Zealand
Aus and NZ central banks leave rates unchanged
OCEANIA - The Australian and New Zealand reserve banks left their benchmark interest rates unchanged Wednesday amid uncertainty over global economic growth.
Reserve Bank of New Zealand Press Release
PRESS RELEASE - OCR stable at 5.75 per cent, 2 October.
Reserve Bank of New Zealand Bulletin, September
REPORT - The Reserve Bank of New Zealand on Monday released the September 2002 issue of their Bulletin. This issue of the Bulletin explores aspects of the two core objectives of modern central banks - price stability and financial system stability.
Reserve Bank's new target divides economists
ARTICLE - As widely expected, the policy targets agreement between the Government and new Reserve Bank Governor, Dr Alan Bollard, has been amended to require him to keep inflation in a 1 to 3 per cent band "on average over the medium term".
Reserve Bank of New Zealand Press Release
PRESS RELEASE - Monetary Policy Challenge winner announced, 18 September.
Reserve Bank of New Zealand Press Release
PRESS RELEASE - New Policy Targets Agreement, Joint Press Statement by Finance Minister Michael Cullen and incoming Reserve Bank Governor Alan Bollard, 17 September 2002.
New Zealand raises inflation target
NEW ZEALAND - New Zealand raised its inflation target in the New Policy Targets Agreement announced Tuesday giving new central bank Governor Alan Bollard more leeway to avoid sudden interest rate increases that might choke economic expansion.
RBNZ Request for Information
REQUEST - Supply of Electronic Records and Document Management Solution, 16 September.
Reserve Bank of New Zealand News Release
NEWS RELEASE - The Secretary to the Treasury, Dr Alan Bollard, is to be appointed the next Reserve Bank Governor, Finance Minister Michael Cullen announced today, 22 Aug.
Treasury Secretary appointed new governor at RBNZ
NEW ZEALAND - The long wait for a replacement to Donald Brash is over as Treasury Secretary Dr Alan Bollard was appointed New Zealand's new Reserve Bank Governor on Thursday.
Reserve Bank of New Zealand News Release
NEWS RELEASE - Reserve Bank pauses, OCR held at 5.75 per cent, 14 August.
'Cloud' prompts N.Z. to leave rates on hold
NEW ZEALAND - New Zealand left its official cash rate unchanged at 5.75 percent Wednesday, citing the global economy's "increasingly clouded" prospects.
NZ business leaders happy with inflation policy
NEW ZEALAND - Most of the country's top business people see no need to alter the way the Reserve Bank administers monetary policy.
Establishing the credibility of inflation targets
Jannie Rossouw argues that inflation targetting alone is insufficient. Belief in the credibility of the inflation measure itself is essential for a successful policy.
Briefing on the Reserve Bank of New Zealand
BRIEFING - This paper has been prepared to brief the incoming Government on the role and functions of the Reserve Bank of New Zealand. The paper is also intended to be a useful briefing to other interested parties, including Members of Parliament and the…
RBNZ say new inflation accord must keep continuity
NEW ZEALAND - Any changes to the Reserve Bank of New Zealand's inflation-fighting agreement should consider the benefits of continuity of monetary policy, the central bank said Friday.
Brash elected to New Zealand's parliament
FEATURE - It may have been thrashed by Labour in this weekend's general election but at least New Zealand's National party will have one new face on its benches when parliament resumes. Step forward Don Brash, the former central bank governor.
Cullen calls for RBNZ to copy Australia's c bank
NEW ZEALAND - Finance Minister Michael Cullen has called for New Zealand's central bank to model itself on the Reserve Bank of Australia, which pursues a 2-3% inflation target.
Labour adopts new line on NZ inflation
NEW ZEALAND - New Zealand's Labour party intends to rewrite a policy agreement with the Reserve Bank to make it adopt a more flexible approach to controlling inflation. Releasing details of his party's election manifesto yesterday, Michael Cullen,…
Reserve Bank of New Zealand News Release
NEWS RELEASE - OCR increased to 5.75 per cent, 3 July.
RBNZ raises main interest rate to 5.75 - up 0.25%
NEW ZEALAND - The Reserve Bank of New Zealand said it has decided to increase the official cash rate by 25 basis points to 5.75 pct so that they no longer encourage accelerated spending although further increases were now "rather less likely" than was…
Higher inflation 'all pain and no gain'
ARTICLE - "By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens" - JM Keynes. Leftists often look to Keynes. So what's Finance Minister Michael Cullen's game in his…
Reserve Bank of New Zealand Bulletin, June 2002
REPORT - The Reserve Bank released the June 2002 issue of the Reserve Bank of New Zealand Bulletin on Thursday.
RB of New Zealand criticised by finance minister
NEW ZEALAND - The Reserve Bank of New Zealand's management of monetary policy came under attack from the country's finance minister Michael Cullen today when he alleged that it was failing to interpret the bank's written policy agreement with the…