New Zealand
Norges Bank deputy governor resigns over security clearance
Deputy governor in charge of world’s largest SWF denied clearance because of wife’s residence in China
Forecast errors marginally higher for growth than inflation
Data shows contrast between advanced and emerging economies
RBNZ to re-impose loan-to-value limits from March 2021
Central bank records increase in mortgages granted to high-risk lenders
RBNZ considers greater focus on house prices in MPC decisions
Government is concerned house price rises are excluding people from the market
RBNZ launches review of accidental disclosure
Information on new funding for lending programme was released before policy was officially unveiled
Powell, Lagarde and Bailey express caution on CBDCs
Jay Powell says Fed must get any future CBDC right, rather than “being the first”
UK government pledges economy-wide climate disclosures by 2025
FCA says firms worth $3.8 trillion will disclose climate risks over next three years
RBNZ extends some emergency measures
New Zealand central bank delays capital changes again and may reinstate LTV limits
RBNZ launches funding for lending programme
Central bank avoids taking rates negative but says the policy remains an option
RBNZ warns of cyber risk from cloud
Draft guidelines would mandate firms to notify RBNZ over outsourcing critical functions to cloud
RBNZ looks to bolster capabilities as ‘steward’ of the cash system
Central bank launches review of cash system and increases engagement with financial industry
RBNZ hints at further stimulus by the end of the year
Central bank says banking sector is on track to be prepared for negative rates
Stress-test results reinforce need for capital review – RBNZ
Under very severe scenario, banks need significant capital injections
New Zealand becomes first country to mandate climate risk disclosures
Several governments are working to enshrine TCFD framework in law
Few central banks consider climate risk within benchmarks
Despite central banks supporting mandatory climate risk disclosures, very few account for it in their benchmarks
2019 a bumper year for coins – RBNZ data
Over 120 million coins were minted for New Zealand’s central bank last year
RBNZ to chair Pacific infrastructure working group
New Zealand central bank given role after drafting law on FMI regulation
RBNZ investigating use of negative rates, official says
New Zealand central bank would only use measure if necessary, assistant governor says
People: RBNZ and Bank Indonesia appoint new deputy governors
Crane Currency names new president; Tainui-Hernandez and Joewono take up deputy governor roles
RBNZ boosts asset purchases and prepares new policies
Negative rates and funding for lending programme under “active preparation”
People: CBSL gains board members; RBNZ forms new department
RBNZ fills two new payments roles; long-time Danish official retires from the central bank; ECB comms chief moves to private sector
Trends in reserve management: 2020 survey results
Covid-19 expected to dent the risk appetite of central bank portfolio managers; socially responsible investing gains ground
RBNZ nearly doubles asset purchase programme
Policy-makers aim to front-load stimulus as economy faces “significant and unprecedented decline”
Strict lockdown could cause 37% quarterly GDP contraction – RBNZ
Assessment shows impact of containment measures on New Zealand’s economic output