This morning the RBNZ announced that it would conduct large-scale asset purchases of New Zealand Government bonds (‘QE’), following similar moves by global central banks last week, analysts at ANZ Research apprise. “The RBNZ will purchase $30bn worth of NZGBs across the yield curve in the next 12 months. Given the size of the package, we think it will put to bed any questions about how effective it will be.”
Reserve Bank of New Zealand measures to face coronavirus crisis
Latest moves of the RBNZ
The RBNZ announced that it would conduct large-scale asset purchases of New Zealand Government bonds (‘quantitative easing’, or ‘QE’), following similar moves by global central banks last week. The negative economic implications of the coronavirus outbreak have continued to intensify and a flight to cash and liquidity has pulled in a bid in the US dollar...
In an editorial article for a New Zealand media outlet on Sunday, the Reserve Bank of New Zealand (RBNZ) Governor Orr said: “we are ready to act further, with more firepower in reserve to keep the financial taps turned on.”
RBNZ latest news
RBNZ latest analysis
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 ...
September RBNZ decision
At its September monetary policy meeting on Wednesday, New Zealand’s central bank, the Reserve Bank of New Zealand (RBNZ), maintained its Official Cash Rate (OCR) at a historic low of 1.00%.
At its August monetary policy meeting on Wednesday, New Zealand’s central bank, the Reserve Bank of New Zealand (RBNZ), slashed its Official Cash Rate (OCR) by 50bps to a historic low of 1.00%, a bigger-than-expected cut.
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.