NZ Reserve Bank News Feed

Reserve Bank of New Zealand News Releases

• Speech by Paul Conway: Finding signal in the inflation noise
  In a speech delivered today at an event hosted by BusinessNZ in Wellington, Chief Economist, Paul Conway, discussed the fallout from the conflict in the Middle East, and how inflation expectations and price-setting behaviour will influence the path of interest rates as we return inflation back to our 2% target midpoint.
• OCR increased to 2.50% to return inflation to 2%
  Monetary Policy Review media release and the MPC’s Record of Meeting, which summarises the committee's discussions, leading to the decision.
• RBNZ appoints Assistant Governor Financial Stability
  Reserve Bank of New Zealand Governor Anna Breman has appointed Angus McGregor as Assistant Governor Financial Stability following an extensive recruitment process.
• DTA consultations on crisis preparedness and final tranche of draft standards
  The Reserve Bank of New Zealand (RBNZ) - Te Pūtea Matua has opened consultations on six draft standards and a package of crisis preparedness policies for deposit takers. The consultations are the latest step in RBNZ’s implementation of the most significant regulatory reform for the sector in decades, the Deposit Takers Act 2023 (DTA).
• ASB Bank ordered to pay $6.731 million in largest AML/CFT penalty to date
  The Reserve Bank of New Zealand – Te Pūtea Matua welcomes the High Court’s decision to impose a civil pecuniary penalty of $6.731 million on ASB Bank Limited.
• RBNZ announces decision on use of the word 'bank'
  All New Zealand deposit takers licensed under the DTA will be able to call themselves banks.