New Zealand
Legislation is needed for future-reliable cash infrastructure
Dutch finance ministry’s recognition of cash’s “very important” role in payments and financial system functioning is crucial to safeguarding access and acceptance, says Martina Horakova
RBNZ raises rates to peak level
Central bank predicts rates will come down slightly faster than in February forecast
Book notes: Money and the rule of law, by Peter Boettke, Alexander Salter and Daniel Smith
A largely US-focused book, which hankers for more robust rules for central banks but isn’t explicit as to what kind
Demand for better homes fuels unsustainable house prices – RBNZ study
Researchers say higher interest rates can reduce demand for better quality homes
RBNZ surprises with 50bp rate hike
Damage from cyclone threatens to keep inflation expectations higher
Marks (and sizes and colours) of distinction
Many central banks make an effort to make cash accessible to blind and partially sighted users
RBNZ raises rates as cyclone complicates outlook
“Devastating” impact of Cyclone Gabrielle creates economic disruption and prompts fiscal action
Currency round-up: Charles III causes controversy
Australian government drove decision to drop UK monarch from notes, as ECCB weighs its options
New Zealand opposition leader says he would end dual mandate
National Party chief says he will drop employment target and tell RBNZ to concentrate on inflation
RBNZ to expand FX reserves
Bigger economy and markets demand larger pool of reserves, central bank says
Eight key elements to managing a central bank
Former governor Peter Nicholl describes eight critical lessons he learned while developing governance and capacity of the Central Bank of Bosnia and Herzegovina
Armenia’s Galstyan calls for a new framework to tackle uncertainty and nonlinearities
Central Bank of Armenia governor says central banks can start to regain credibility by admitting their mistakes. This could include employing a risk-management approach to monetary policy aimed at avoiding nonlinear ‘dark corners’ and placing much less…
Banknotes: October to December 2022
A round-up of news and salient issues that have affected central bankers in the past three months
People: October to December 2022
A round-up of central bankers in the news and on the move during the past three months
RBNZ delivers record 75bp rate rise to curb inflation
Central bank now expects policy rate to peak at 5.5% next year, up from previous estimate of 4.1%
RBNZ review says monetary tightening could have started earlier
Review endorses RBNZ’s pandemic measures, and calls for more attention to supply shocks
Orr gets second term as RBNZ governor
Government praises Orr's record, but opposition party says it is “appalled”
New Zealand central bank suggests change to mandate
RBNZ says mandate could prioritise price stability and drop housing requirement
RBNZ delivers fifth half-point rate increase in a row
Policy-makers signal more rate hikes to come
Ukraine: the challenges for central banks
Rules on the weaponisation of money would help to protect a ‘public good’ amid geopolitical splits in a testing environment for central banks, write Gavin Bingham, Paul Fisher and Andrew Large
King Charles to appear on Bank of England notes from 2024
Other Commonwealth central banks have made little comment on changeover
Privacy commissioner closes probe into RBNZ cyber defences
Central bank has “made every change recommended and more” in wake of hacker breach
RBNZ delivers fourth straight 50bp rate hike
New Zealand’s central bank now expects rate to peak 15bp higher, at 4.1%
How central bank mistakes after 2019 led to inflation
Central banks must acknowledge their own mistakes and outline concrete steps to restore the public’s confidence in their ability to ensure price stability, write Graeme Wheeler and Bryce Wilkinson*