New Zealand’s financial system is sound but continues to face risks, Reserve Bank Governor, Graeme Wheeler, said today when releasing the Bank’s November Financial Stability Report.
The Reserve Bank is taking account of changing household saving and spending behaviours in its inflation forecasts, Deputy Governor Geoff Bascand said in a speech to the Australia National University in Canberra this evening.
The annual re-weighting of the Trade-Weighted Index (TWI) takes effect on Wednesday 16 November 2016.
The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 1.75 percent.
The Reserve Bank remains focused on preserving financial stability, while facilitating innovation and improved efficiency in the rapidly-evolving payments space, Deputy Governor Grant Spencer said today.