Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
Reserve Bank embraces kaitiaki role in outlining its…
Reserve Bank of New Zealand – Te Pūtea Matua’s Statement of Intent (SOI) for 2020-2023, released today, highlights the Bank’s focus and commitment as the kaitiaki (guardians) of New Zealand’s financial system. Reserve Bank Governor Adrian Orr…
Monetary Policy easing to continue
Tēnā koutou katoa, welcome all. The Monetary Policy Committee agreed to continue with the Large Scale Asset Purchase (LSAP) programme aimed at keeping interest rates low for the foreseeable future. The LSAP quantum remains set…
Reserve Bank approves sale of AMP Life
The Reserve Bank has approved the proposed sale of AMP Life to Resolution Life, in a revised arrangement that is subject to a number of conditions imposed to protect policyholders. The Reserve Bank has been…
RBNZ: The financial sector and responsible behaviour
Article provided by the Council of Financial Regulators – Reserve Bank of New Zealand, The Financial Markets Authority (FMA), The Commerce Commission, The Ministry of Business Innovation and Employment and The Treasury. These are challenging…
The financial sector and responsible behaviour – Reserve…
These are challenging times for everyone as we learn to live in different ways to combat the spread, and limit the human cost of the COVID-19 virus. Staying in your bubble is not an easy…
RBNZ: OCR reduced to 0.25 percent for next…
The Official Cash Rate (OCR) is 0.25 percent, reduced from 1.0 percent, and will remain at this level for at least the next 12 months. The negative economic implications of the COVID-19 virus continue to…
Monetary Policy with very low interest rates
The Reserve Bank of New Zealand, Te Pūtea Matua, is taking proactive steps to ensure it is well positioned to effectively and efficiently manage New Zealand’s monetary policy in an environment of very low interest…
