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Reserve Bank news stories

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Cyber attacks
The biggest cyber-attacks of 2021 in New Zealand
It's been a bumper year for cyber incursion in Aotearoa New Zealand, with organisations big and small, public and private, falling victim to hackers from around the globe.
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Digital currency
Reserve Bank welcomes submissions on future of New Zealand's money
“We’re seeking public input on how we should perform our role as steward of money and cash, and how we should assess the case for central bank money in a digital form alongside cash."
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Reserve Bank
Privacy Commissioner issues compliance notice to Reserve Bank following 2020 cyber attack
"It is necessary to publicly acknowledge the steps being taken by the Bank, to provide assurance to the public that these issues are being addressed," says Commissioner.
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Data breach
UPDATED: RBNZ ascribes data breach to third-party file sharing service
“The nature and extent of information that has been potentially accessed is still being determined, but it may include some commercially and personally sensitive information,” says RBNZ Governor.
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Reserve Bank
Knosys signs contract with ANZ Bank to migrate its data
The contract is part of ANZ’s effort to comply with Reserve Bank of New Zealand (RBNZ) regulations.
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Payment gateways
Merchant choice routing: A process to significant savings for businesses
Merchant choice routing offers businesses the ability to override these defaults in the card and use the smarts in the terminal to process the transaction via the lowest cost network.
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Fintech
NZ emerging as top fintech hub across Asia Pacific
"New Zealand could become the gateway to Asia, with great connections in both Singapore and Hong Kong."
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Cloud
Cryptocurrency conundrum: Reserve Bank & IR fumble in the dark
Whether it's cryptocurrency salaries or a central digital currency, no agency is quite sure how to tackle this upcoming payment trend.
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Small and Medium Enterprise / SME
Experts warning SMEs against borrowing against the family home
"Business owners looking to raise cheap money to fund their business should be cautioned to ensure they are raising the right type of debt for their business requirements."
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Cryptocurrency
Reserve Bank says 'not now' to the idea of official digital currency
"We couldn’t issue a digital currency if it might undermine financial stability, and there are considerable risks on this front."
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Cybersecurity
Reserve Bank keeps watchful eye on security; steers away from prescriptive rules
The Reserve Bank is letting the finance sector, regulators and other authorities steer their own course through cyber issues and security.
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CFO
NZ dollar falls after US data suggests labour market less weak
The New Zealand dollar fell after US economic data including job openings suggested the labour market in the world's biggest economy isn't as weak as
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CFO
RBA keeps key rate at 2.25%, kiwi dollar retreats
The Reserve Bank of Australia held its cash rate unchanged at a record low, surprising market participants who had been betting on a further cut and d
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CFO
NZ building consents fall for a third month in February
New Zealand residential building consents declined for a third month in February, as the pace of new home building slowed.
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CFO
New Zealand's commercial property lending less risky now due to lower debt funding
The Reserve Bank said New Zealand's $180 billion commercial property sector has become less risky since the global financial crisis because a reduced
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CFO
RBNZ looking at risk modelling, pricing to help boost returns
The Reserve Bank is looking at the way it models risk and pricing in respect to its own financial operations, which it hopes will allow it to generate
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CFO
NZ dollar gains after RBNZ's Wheeler keeps rates uncanged, upbeat on local outlook
The New Zealand dollar gained after Reserve Bank governor Graeme Wheeler kept the benchmark interest rate unchanged, saying the local economy was in a
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Reserve Bank
RBNZ reviewing 4.5% 'neutral' monetary policy setting
Work is underway to review what the central bank thinks is a neutral setting - where the OCR neither stimulates nor holds back economic growth.
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CFO
NZ food prices decline in February, led by lower fruit, vegetable, meat prices
New Zealand food prices fell in February, led by seasonal declines in fruit and vegetables and lower meat prices.
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CFO
Cheap oil to boost NZ national income by $2.4 bln a year, RBNZ says
New Zealand's national income is expected to get an annual boost of about $2.
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CFO
Tepid inflation surprise raises spectre of lower interest rates
Any further downward surprises in New Zealand's already tepid pace of consumer inflation may warrant an interest rate cut, the Reserve Bank says.
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CFO
RBNZ’s Wheeler keeps OCR on hold, no rate hikes ahead
The Reserve Bank has removed the prospect of future interest rate hikes from its forecast horizon as a strong kiwi dollar and cheap oil hold down infl
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CFO
NZ central bank, in neutral, will weigh drought, higher TWI in revising forecasts
The Reserve Bank of New Zealand will probably keep interest rates unchanged this week, reiterating that monetary policy is in neutral, while revising
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CFO
Banks relieved as RBNZ drops '5-plus' test for home loans
The major banks are breathing a sigh of relief that the Reserve Bank of New Zealand has dropped proposals that would have deemed anyone owning five or