MSC NewsWire

Founded by Max Farndale 1947 - 2018
Thursday, 30 November 2023 03:47
  • Home
    • About Us
    • Pricing
    • Global Presswire
    • Industry Organisations
  • News Sectors
    • Headlines Through Today
    • Environmental Talk
    • Out of The Beehive
    • Primary Sector Talk
    • Reporters Desk
    • The MSC NewsReel
    • MSCNetwork
    • FinTech Talk
    • The FactoryFloor Newsreel
    • Trade Talk
    • News Talk
    • Industry Talk
    • Technology Talk
    • Blockchain
    • Highlighted
    • The TravelDesk
      • TravelMedia
      • Sporting Tours
      • Holidays Tours Events + More
      • Airfares
      • Travel Enquiry Form
      • TravelBits
    • Travel Updates
    • The MSC TravelDesk Newsreel
    • Travel Talk
    • Travel Time
    • The Bottom Line
    • Regional News
    • News to Run Advice Form
    • World News
    • NewsDIRECT
    • MSCVoxPops
    • Press Releases
  • National Press Club
  • Contact Us

Reserve Bank outlines priorities in Statement of Intent

  • font size decrease font size decrease font size increase font size increase font size
  • Print
  • Email

The Reserve Bank's vision of being A Great Team – Best Central Bank underpins the Bank's Statement of Intent for 2018-2021.

The Statement outlines the Reserve Bank’s priorities for the next three years. These are framed around strengthening leadership, improving our regulatory framework, and investing in our people and systems.

“We aim to ensure the Reserve Bank is constructive and effective in all it does. We will communicate more widely, making our messages accessible and relevant to the New Zealand public,” Governor Adrian Orr said.

Parliament is finalising law changes that embed the Reserve Bank’s responsibility for contributing to maximising sustainable employment. The law change also moves official interest rate setting decisions to a Monetary Policy Committee which includes staff and non-Reserve Bank members.

“We are committed to implementing these changes, and will ensure that the Monetary Policy Committee is effective and transparent,” Mr Orr said.

The second phase of the Reserve Bank Act review will focus on improving the Reserve Bank’s broader financial policy framework. “We are working jointly with the Treasury on this important, and welcomed, effort”.

“The Reserve Bank will also complete its review of the adequacy of banks’ capital buffers, while working with the larger New Zealand banks to ensure they are ‘standalone capable’ from their parent banks if and when necessary.

“We are also reviewing how we provide the currency and payment needs of New Zealanders. This will involve refreshing our infrastructure and money management systems. Included also is the replacement of core settlement systems and our securities depository. These tools are critical to us maintaining a sound and efficient financial system.

"This is a period of significant change for the Reserve Bank. Our activities will strengthen our relevance, performance, and toolsets to position us well for the future,” Mr Orr said.

More informationRead the Statement of Intent 2018-2021

  • Source: RBNZ
Published in BUSINESS
Tagged under
  • Business
  • news talk

Related items

  • Sir Bill English to be honoured by Victoria University of Wellington
  • Higher bank capital better for banking system and NZ
  • Plastics industry helps designers create easy-to-recycle packaging
  • Great Barrier unhappy with Auckland’s marine sludge plan
  • XE Update Friday 30 November, 2018
More in this category: « How are NZ companies supporting mums returning to the work force? Trade Me : CEO announces intention to step down »
back to top

MSC NewsWire is a gathering place for information on the productive sector in New Zealand focusing on Manufacturing, Productive Engineering and Process Manufacturing

  • Home
  • Global Presswire
  • Industry Organisations
  • National Press Club
  • Disclaimer
  • About Us
  • Pricing
  • Sitemap
Copyright © 2023 MSC NewsWire. All Rights Reserved.
Site Built & Hosted by iSystems Limited
Top
News Talk