The Reserve Bank of New Zealand is the nation's central bank. The bank manages monetary policy to maintain price stability, maintains a sound and efficient financial system and supplies New Zealand bank notes and coins.
Read about the Anti-Money Laundering and Countering Financing of Terrorism Act that boosts measures to counter money laundering by criminal gangs and organised crime.
Legislation providing legal backing for settlement systems – a key part of the infrastructure underpinning New Zealand's financial markets – was passed by Parliament last night.
The outlook for the New Zealand economy and financial system has improved in the past six months as international conditions have stabilised, but some risks and challenges remain, Reserve Bank Governor Alan Bollard said today when releasing the Bank’s November 2009 Financial Stability Report. View the webcast of the media conference.
Financial markets and businesses need to appreciate the different futures New Zealand and Australia are charting out of the global financial crisis, Reserve Bank Governor Alan Bollard said today.