Reserve Bank stories
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.
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."
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.
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.
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.
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.
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."
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.
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."
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."
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.
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
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
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.
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
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
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
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.
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.
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.
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.
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
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
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