Reserve Bank of New Zealand: New Zealand's central bank
The bank manages monetary policy to maintain price stability, promotes the maintenance of a sound and efficient financial system and supplies New Zealand bank notes and coins.
Quickfacts
OFFICIAL CASH RATEis 3.00 percent
INFLATIONCPI for the year to June 2010 is 1.8 percent
News
The Reserve Bank of New Zealand and the Securities Commission today announced that the newly established NZCDC Settlement System has been declared a designated settlement system under Part 5C of the Reserve Bank of New Zealand Act.
The enactment of the Insurance (Prudential Supervision) Bill provides increased certainty for New Zealand insurance policy holders, Finance Minister Bill English says.
The Reserve Bank announced today that Kristin School from Auckland is the national winner of the Reserve Bank of New Zealand 2010 Monetary Policy Challenge (MPC). Tauranga Boys’ College was placed second and Scots College from Wellington came third.
Highlights
- The next MPS and OCR announcement is Thursday 16 September 2010.
- Cautions and notices issued by the Reserve Bank on some financial institutions and non-bank deposit takers
- The transmission of international shocks to open economies, 16 - 17 Dec 2010
The Bank’s new regulatory responsibilities
- Regulation of non-bank deposit takers
- Prudential supervision of insurance
- Anti-Money Laundering and Countering Financing of Terrorism
