RBNZ Orr says a significant part of the economic challenge still ahead and he sees more room for banks to increase lending. The Reserve Bank of New Zealand (RBNZ) Financial Stability Report is out as follows: Says the financial system will benefit supporting economic recovery. Says the financial system is in a solid position to both weather the significant economic impact caused by the COVID-19. Says working on a number of initiatives to support the flow of lending and functioning of the financial system. Says continuing to work with insurers to see them maintain a strong focus on long-term customer outcomes.
RBNZ strategy is to keep yield curve low, but not negative rates
Latest moves of the RBNZ
The Reserve Bank of New Zealand's Chief Economist Yuong Ha has said that they expect to hold the OCR at the current level until March 2021.
In a Bloomberg TV interview, RBNZ's Governor Orr says that their strategy is to keep yield curve low, flat. Key quotes: "Does not want to go to negative rate at this point"
RBNZ latest news
RBNZ latest analysis
June RBNZ decision
At its monetary policy meeting held on Wednesday, June 24, the Reserve Bank of New Zealand (RBNZ) left the Official Cash Rate (OCR) unchanged at a record low of 0.25% for the second straight month, as widely expected.
The Reserve Bank of New Zealand’s (RBNZ) monetary policy decision was accompanied by the minutes of the meeting, which showed that board members believed the possible ...
February RBNZ decision
In its first policy meeting since 13 November, the Reserve Bank of New Zealand, (RBNZ), which was universally expected to hold its Offical Cash Rate (OCR) at 1%, but at the same time signal that they stand ready to cut the OCR.
“Confident around fiscal spending that will happen and will shift the burden of monetary policy”, said Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr while ...
What is the RBNZ
The Reserve Bank of New Zealand is New Zealand's central bank. Like most central banks, the Reserve Bank is primarily a policy organisation, and exists to do three main things: formulate and implement monetary policy to maintain price stability, promote the maintenance of a sound and efficient financial system and meet the currency needs of the public.
Who is RBNZ's president?
Adrian Orr is the Governor of the Reserve Bank of New Zealand. He was appointed in March 2018. He is New Zealand born and bred, and primarily of Cook Island and Irish descent. Adrian graduated from the University of Waikato in 1983 with a Bachelor of Social Sciences, majoring in Economics and Geography. He also holds a Master’s Degree in Development Economics (Distinction) from the University of Leicester, England, graduating in 1985. Adrian has also served as Chair of the International Forum of Sovereign Wealth Funds, and Chair of the Pacific Pension and Investment Institute.
Adrian official RBNZ profile
Interest rates latest news
The World Interest Rates Table
The World Interest Rates Table reflects the current interest rates of the main countries around the world, set by their respective Central Banks. Rates typically reflect the health of individual economies, as in a perfect scenario, Central Banks tend to rise rates when the economy is growing and therefore instigate inflation.