We have refreshed our Financial Stability Indicators that help us assess financial stability risks in Aotearoa New Zealand. The updated indicators feature data on: - Households - The housing market - Businesses and agriculture - The resilience of Banks and Non-Bank Deposit Takers - Liquidity, funding and financial markets. These indicators will be updated monthly on our website. This up-to-date information will help give New Zealanders a better understanding of the current economic landscape. See the new indicators here: https://lnkd.in/gn88aYSY
Reserve Bank of New Zealand
Banking
New Zealand's Central Bank. We manage monetary policy, regulate the financial system, and supply currency.
About us
The Reserve Bank of New Zealand - Te Pūtea Matua is New Zealand’s central bank. Toitū Te, Toitū Te Ōranga - we enable economic wellbeing and prosperity for all New Zealanders. We have a clear goal – to create an environment that fosters the overall economic wellbeing of the country and the living standards of all New Zealanders so that we, and generations to come, continue to enjoy this great country. Our mandates are: - maintaining low and stable consumer price inflation while contributing to maximum sustainable employment; - promoting and maintaining a sound and efficient financial system; - meeting the cash needs of the public; - and providing robust payment and settlement services for New Zealand’s financial institutions.
- Website
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http://www.rbnz.govt.nz
External link for Reserve Bank of New Zealand
- Industry
- Banking
- Company size
- 201-500 employees
- Type
- Government Agency
Locations
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Primary
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2 The Terrace
Wellington, NZ
Employees at Reserve Bank of New Zealand
Updates
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Kia kaha te reo Māori! You can learn more financial language here in the te reo Māori financial glossary: https://lnkd.in/g9JqWccB #ReoMāori
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Our new analytical note shows that monetary policy decisions that surprise financial markets lead to changes in interest rates and the New Zealand dollar exchange rate. Material monetary policy surprises are where financial markets’ expectation and pricing of the Official Cash Rate immediately before an announcement is more than five basis points different from the actual announced rate. Full research here: https://lnkd.in/dAGQ3hQu
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We are currently welcoming feedback on our policy proposals for nine non-core Deposit Taker Standards. The proposal sets some of the minimum requirements that deposit takers must comply with under the Deposit Takers Act. Have your say here: https://lnkd.in/dWA8TvqB Consultation closes 22 November 2024.
Deposit Takers Non-Core Standards
consultations.rbnz.govt.nz
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Our 2024 Monetary Policy Challenge panel Paul Conway, Hamish Fitchett, Caitlin Davies and host Georgina Hassell-Hopkinson answered questions from the audience, covered careers in economics and the August Monetary Policy Statement in our recent kick off webinar. The Monetary Policy Challenge is open to secondary school senior economic students all over Aotearoa New Zealand. Watch the full panel discussion and get competition details here: https://lnkd.in/g5wqiQKu
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We recently published two Analytical Notes that investigate utilising new models and data sources from news sentiment monitoring and non-performing loans data. Researchers Trent Lockyer and Tyler Smith share their insights into how these new indicators can complement existing monitoring tools in the video below. These Analytical Notes reflect our commitment to leveraging advanced analytics and data sources to strengthen its oversight of financial stability. Providing insights into risks helps to more effectively anticipate and mitigate them. This promotes a resilient financial system that supports sustainable economic growth. Find both pieces of research here: Getting sentimental: Using news sentiment to measure financial stress in New Zealand - https://bit.ly/3z5ILYD Beyond the crystal ball: forecasting non-performing loans - https://bit.ly/47eUhxA
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This morning, Deputy Governor Christian Hawkesby gave a keynote address at the annual Financial Services Council Conference. His speech outlined how financial stability and resilience are critical in supporting New Zealanders’ well-being and prosperity. In his address he discussed the importance of resilience as a foundation for a productive and sustainable economy, and how the Reserve Bank balances resilience with other enabling factors. Read the speech here: https://bit.ly/3XldVUe
Resilience as a pathway to prosperity
rbnz.govt.nz
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Last week John Baddiley, Acting General Manager of Digital Solutions and Security and Assistant Governor, spoke on a panel at the Future of New Zealand Government Summit. The panel discussed: - maintaining momentum on digital projects - innovation in public and private sector partnerships - adapting to digital disruptions. John highlighted how at the Reserve Bank of New Zealand we focus on our people's skills, resilience and agility to encourage innovation and adapt to digital disruptions. Image description: Photo of four panelists on stage in front of a banner which reads FST Media. From left to right on stage: John Baddiley, Acting General Manager of Digital Solutions and Security and Assistant Governor at The Reserve Bank of New Zealand, Leigh Donoghue - Chief of Data & Digital at Te Whatu Ora, Stefan Korn - CEO at Callaghan Innovation, and Chris Buxton - Former Chief Digital Officer & Director Agency Partnering Stats NZ & Department of Internal Affairs.
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Is there a more New Zealand analogy than sheepdogs to explain inflation and the Official Cash Rate? 🐑 We recently kicked off the 2024 Monetary Policy Challenge with a webinar where our panel Paul Conway, Hamish Fitchett, Caitlin Davies and host Georgina Hassell-Hopkinson covered careers in economics, the August Monetary Policy Statement and answered questions from the audience. The Monetary Policy Challenge is open to secondary school senior economic students all over Aotearoa New Zealand. The winning team will have the opportunity to visit the Wellington RBNZ office, join us for a press conference and have lunch with the Governor. Watch the full webinar and get competition details here: https://lnkd.in/g5wqiQKu
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We are welcoming feedback on the next set of standards under the Deposit Takers Act, and an issues paper on the crisis management framework in the Act. Our policy proposals, and initial policy thinking on the approach for crisis management under the DTA, promote financial stability and a sustainable, productive economy that is competitive, efficient and inclusive. Read more: https://lnkd.in/gy_eXhfV
Proposals for deposit taker standards and crisis management open for consultation
rbnz.govt.nz