Press Releases

Official Cash Rate unchanged at 1.75 percent

Statement by Reserve Bank Governor Adrian Orr:

Bank profits race ahead of rest of NZ's earnings

The country's four big Australian-owned banks have made handsome half year profits, raking in a combined $2.5 billion saysSusan Edmunds on Stuff's BusinessToday

SALT Price Analysis – A smart contract lending platform which use crypto-backed collateral

SALT is a loan platform that aims to marry the old and new world of finance by enabling cryptocurrency collateralized blockchain-backed loans with smart contracts.

Armistice Day coin: keep me, spend me, remember me

The Reserve Bank today announced in October it will issue a colour circulating legal tender 50 cent coin to mark the centenary of Armistice Day.

Government pressures Payments NZ to have open banking technology and standards ready to go

Apr 24 - Commerce and Consumer Affairs Minister Kris Faafoi wants to see “more momentum” from Payments NZ as it moves to pave the way for open banking. Speaking to interest.co.nz, Faafoi says he's “happy” with the work the bank-owned organisation has done; piloting a piece of technology that banks and …

Bulletin article discusses digital currencies

Digital currencies feature in an article published today in the Reserve Bank Bulletin that outlines different forms of digital currencies.

Strong govt books offer scope to meet infrastructure deficit: IMF

Apr 17 - The International Monetary Fund gave an optimistic opinion on New Zealand's economic outlook, with the pace of growth seen staying around 3 percent, and says the strong Crown books offer enough headroom to meet the needs of an expanding population

Bulletin article discusses New Zealand labour force participation developments

Apr 16 - An article published today in the Reserve Bank Bulletin compares labour supply developments across the OECD and examines how New Zealand is placed.

Bank of China registered as a bank

Mar 29, 2018 - The Reserve Bank today registered Bank of China to provide banking services in New Zealand.

New PTA requires Reserve Bank to consider employment alongside price stability mandate

Mar 26, 2018 - Finance Minister Grant Robertson and incoming Reserve Bank Governor Adrian Orr today signed a new Policy Targets Agreement (PTA) setting out specific targets for maintaining price stability and a requirement for employment outcomes to be considered in the conduct of monetary policy.

New Zealand becoming global centre for blockchain

Mar 26, 2018 - New Zealand is becoming a global blockchain centre, FintechNZ general manager James Brown says. New Zealand is a living laboratory for global tech developments and inventions and Kiwis are producing blockchain businesses that have a global market place, he says.

Cryptocurrency investment platform debuts in NZ

New Zealand-based financial services company Ilumony has launched a cryptocurrency portfolio investment platform that is it says is designed to make the cryptocurrency investment accessible to everyone writes Stuart Corner for ComputerWorld.

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