New Zealand
Bollard on the evolution of monetary policy
SPEECH - In the speech 'The evolution of monetary policy' Alan Bollard of the Reserve Bank of New Zealand spoke of himself 'as a new central bank governor' and said the new Policy Targets Agreement will offer more flexibility, but this flexibility needs…
Reserve Bank of New Zealand Press Release
PRESS RELEASE - The Reserve Bank has decided to leave the Official Cash Rate unchanged at 5.75 per cent. In addition, the Bank's projections show no change in short-term interest rates over the period ahead - reflecting the Bank's sense that the risks…
Reserve Bank of New Zealand - Annual Report 2002
ANNUAL REPORT - The Reserve Bank of New Zealand has published its Annual Report for 2002.
Interest rates will fall says New Zealand's Cullen
NEW ZEALAND - Interest rates should start to come down following the change to the Reserve Bank's inflation target, New Zealand Finance Minister Michael Cullen told the Financial Times in London Thursday.
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.