Forex Glossary

Reserve Bank Of New Zealand

The Reserve Bank of New Zealand (RBNZ) is New Zealand's central bank and is responsible for maintaining monetary policy, meeting the currency needs of the public and providing support services for other banks. Another of its purposes is to assisting the functioning of a sound and efficient financial system in New Zealand.

Unlike the United States Federal Reserve, the Reserve Bank of New Zealand is not privately owned, being entirely in the hands of the New Zealand government.

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