Reserve Bank shaping up to be Great Team, Best Central Bank
Source: Reserve Bank of New Zealand Release date 25 June 2019 The Reserve Bank of New Zealand is outlining its vision, purpose, and values which will ensure that we are well equipped to deliver on our commitments in the Statement of Intent 2019-2022 released today. Reserve Bank Governor Adrian Orr said that the Bank is […]
Read More →Reserve Bank chair welcomes next steps in Bank’s modernisation
Source: Reserve Bank of New Zealand Release date 24 June 2019 The Reserve Bank has welcomed the release of in-principle decisions relating the Review of the Reserve Bank Act and is encouraging submissions in the consultation process. The Ministers’ in-principle decisions and second set of consultation papers relating to Phase 2 of the Review were […]
Read More →Banks commit to removing sales incentives for frontline staff
Source: Reserve Bank of New Zealand Release date 24 June 2019 The FMA and Reserve Bank of New Zealand said today that all banks had outlined plans to remove sales incentives from frontline staff and their managers. Last year’s report by the FMA and RBNZ on banking conduct and culture required banks to outline their […]
Read More →Reserve Bank requests assurance reports of ANZ New Zealand
Source: Reserve Bank of New Zealand Release date 24 June 2019 The Reserve Bank is requesting two reports from ANZ New Zealand to provide assurance it is operating in a prudent manner. Section 95 of the Reserve Bank of New Zealand Act 1989 gives the Reserve Bank the power to require a bank to provide […]
Read More →NZIER’s Shadow Board adjusts OCR recommendation in the wake of cut
Source: New Zealand Institute of Economic Research 24 June 2019 NZIER’s Monetary Policy Shadow Board has adjusted their recommendation in the wake of the Reserve Bank’s OCR cut in May. The NZIER Shadow Board recommends the Reserve Bank should leave the OCR on hold at the OCR Review on Wednesday. However, there have been mixed views as to whether […]
Read More →Susan Paterson appointed to RBNZ board
Source: Reserve Bank of New Zealand Release date 21 June 2019 News release issued by the Minister of Finance Experienced director Susan Paterson has been appointed to the Reserve Bank board, Finance Minister Grant Robertson announced today. “Susan Paterson brings a wealth of private sector experience with her. She has also served on public sector […]
Read More →What’s the future for cash in New Zealand?
Source: Reserve Bank of New Zealand Release date 19 June 2019 If cash becomes less accepted and available as a means of payment, then the Reserve Bank says that New Zealanders who are already left out of the banking or digital worlds may be severely disadvantaged. That prospect is one of five key issues in […]
Read More →April 2019 titles of advice to the Minister of Finance
Source: New Zealand Treasury: 1 Apr 2019 Treasury Report T2019/885: Briefing for Social Wellbeing Committee Meeting Wednesday, 3 April 2019 Finance No 1 Apr 2019 Aide Memoire T2019/474: Public Trust Board: New Appointments and Special Fees (at APH Committee 20 March 2019) Finance; Justice No 1 Apr 2019 Cabinet Committee Briefing T2019/889: Briefing for Cabinet […]
Read More →Kristin School wins Reserve Bank Monetary Policy Challenge
Source: Reserve Bank of New Zealand Release date 17 June 2019 Kristin School has taken out the top honours in the Reserve Bank of New Zealand’s 2019 Monetary Policy Challenge. Auckland Grammar School came second and Lynfield College placed third. Designed to expand students’ understanding and appreciation of monetary policy, the Monetary Policy Challenge has […]
Read More →What is prudent debt?
Source: New Zealand Treasury: Lecture delivered by Gabriel Makhlouf, Secretary to the Treasury at the Treasury’s Economic Forum[1] This year marks the 30th anniversary of the introduction of the Public Finance Act (PFA) and the 25th anniversary of the fiscal responsibility provisions that were incorporated into it. The PFA is one of New Zealand’s important […]
Read More →Reserve Bank and Māori Language Commission partner to promote te reo Māori
Source: Reserve Bank of New Zealand Release date 13 June 2019 Te Pūtea Matua (the Reserve Bank of New Zealand) and Te Taura Whiri i Te Reo Māori (the Māori Language Commission) today signed a mahi tahi Memorandum of Understanding (MOU) to promote and embrace te reo Māori within the Central Bank. The agreement, signed […]
Read More →Oxfam confederation welcomes IC’s recommendations
Source: Oxfam New Zealand Oxfam confederation welcomes Independent Commission’s recommendations to continue culture change and safeguarding improvements The Oxfam confederation welcomes the final report of the Independent Commission on Sexual Misconduct, Accountability and Culture Change. “This is exactly the report we asked for following incidents of sexual misconduct in Haiti that came to light last […]
Read More →Oxfam International Response To UK Charity Commission Report
Source: Oxfam New Zealand Oxfam Great Britain has today welcomed and accepted the UK Charity Commission’s judgment following its investigation into serious sexual misconduct by members of Oxfam Great Britain staff in Haiti in 2011. Oxfam Great Britain has apologised for its failings in its investigation and case management at the time and, as Executive […]
Read More →Kiwis take longer to choose a movie than check KiwiSaver
Source: Financial Markets Authority Media releaseMR No. 2019 – 2510 June 2019 Many New Zealanders spend longer choosing a movie to watch than reading and acting on their annual KiwiSaver statement. A recent survey of 1100 New Zealanders for the Financial Markets Authority (FMA) found four out of five people took up to 10 minutes to […]
Read More →Tax Outturn Data – April 2019
Source: New Zealand Treasury: Tables of monthly tax revenue and receipts from collecting departments Tax data are sometimes difficult to interpret as economic indicators, but tax outturns are among the earliest data available about the state of the economy. The Government has decided that it is important that this information about the economy should be […]
Read More →Reserve Bank changes help to meet public expectations
Source: Reserve Bank of New Zealand Release date 05 June 2019 The Reserve Bank has significantly changed the way it makes monetary policy decisions, keeping itself in step with public expectations. In a panel discussion last week at the Institute for Monetary and Economic Studies (Bank of Japan) in Tokyo, Reserve Bank Assistant Governor and […]
Read More →Reserve Bank reveals Monetary Policy Challenge 2019 finalists
Source: Reserve Bank of New Zealand Release date 31 May 2019 The Reserve Bank’s new format Monetary Policy Challenge is shaping up to be an exciting competition, with six schools progressing to the final round of the competition. The six teams who have made it through to the finals of the 2019 Monetary Policy Challenge […]
Read More →Guardians releases Stakeholder Engagement Research
Source: New Zealand Superannuation Fund In late 2018, the Guardians commissioned independent research company Colmar Brunton to undertake stakeholder engagement research on our behalf. The research measured perceptions of the Guardians’ activities and performance, and how well we are connecting and working with our external stakeholders. Colmar Brunton undertook two pieces of research: A series […]
Read More →Minister Peters encouraged to keep turning the dial on aid
Source: Oxfam New Zealand In response to the New Zealand Government’s Budget announcement today, which included slightly more than the anticipated increase in spending towards aid, Jo Spratt, Oxfam New Zealand’s Advocacy and Campaigns Director said: “We didn’t expect a significant increase in this year’s government aid budget. We’re pleased there was a small increase […]
Read More →2019/20 New Zealand Government Bond Programme Set at NZ$10 Billion
Source: New Zealand Treasury: In conjunction with the Budget Economic and Fiscal Update 2019, the Treasury has updated the forecast core Crown borrowing programme. The forecast 2019/20 New Zealand Government Bond (NZGB) programme is set at NZ$10 billion. This is NZ$2 billion higher than forecast at the Half Year Economic and Fiscal Update 2018. The forecast […]
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