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Showing 11 - 20 of 69 results for %22RBNZ%22

Chief economist update: RBNZ keeps policy steady on unsteady outlook

BENJAMIN ONG  |  THURSDAY, 15 APR 2021
If in doubt, remain patient and do nothing. This is the gist of the Reserve Bank of New Zealand (RBNZ) policy statement following the conclusion of its April 14 monetary policy meeting. The RBNZ kept the official cash rate unchanged at 0.25% and maintained ...

Westpac considering NZ demerger

ANNABELLE DICKSON  |  THURSDAY, 25 MAR 2021
... requirements in New Zealand have become too stringent. "... given the changing capital requirements in New Zealand and the RBNZ requirement to structurally separate Westpac's NZ business operations from its operations in Australia, it is now appropriate ...

RBNZ puts Westpac on notice

ANNABELLE DICKSON  |  WEDNESDAY, 24 MAR 2021
The Reserve Bank of New Zealand (RBNZ) has instructed Westpac New Zealand (WNZL) to hold additional liquid assets and commission independent reports into its risk governance and liquidity risk management. The RBNZ has instructed that the first independent ...

Metrics launches NZ fund

ANNABELLE DICKSON  |  WEDNESDAY, 3 MAR 2021
... Partners has launched a private debt fund for wholesale investors in New Zealand with a target annual return of 3.25% over the RBNZ cash rate. The Metrics Multi-Strategy Private Debt (NZ) Fund marks the Pinnacle boutique's first investment product designed ...

Chief economist update: Ardern's ardour

BENJAMIN ONG  |  TUESDAY, 11 AUG 2020
... meets for policy deliberations tomorrow. Will they, won't they? "Six of nine economists surveyed by Bloomberg expect the RBNZ to hold its quantitative easing limit at NZ$60 billion ($40 billion) on Wednesday; three say the program will be increased," ...

AMP Life sale nears completion, new execs appointed

KANIKA SOOD  |  TUESDAY, 23 JUN 2020
... Bank of New Zealand agrees to a revised arrangement after 18 months of deliberation, including seeking advice from APRA. RBNZ wanted Resolution Life to agree to ring-fencing assets held in New Zealand for the benefit of NZ policyholders as the control ...

Chief economist update: Will Australia avoid another global recession?

BENJAMIN ONG  |  FRIDAY, 16 AUG 2019
A recession is coming! Worries over a global recession are everywhere! Financial market investors are seeking safety - exiting equity markets and queuing to purchase longer-term bonds (despite their low, and in some, negative yields); the US dollar ...

Chief economist update: Global easing

BENJAMIN ONG  |  TUESDAY, 13 AUG 2019
... compounds the increasing prospect of a no-deal Brexit. To complete the global easing, the Reserve Bank of New Zealand's (RBNZ) bigger than expected 50 bps rate cut to a record low of 1% at its August meeting - that came at about the same time as ...

Chief economist update: Bonds do the limbo rock

BENJAMIN ONG  |  FRIDAY, 9 AUG 2019
... fallen to their lowest level in three years to 1.59% from a high of 1.94% in April this year. The Reserve Bank of New Zealand (RBNZ), the Bank of Thailand (BOT) and the Reserve Bank of India's (RBI) surprise moves towards increased monetary policy ...

Chief economist update: Race to the bottom redux

BENJAMIN ONG  |  THURSDAY, 8 AUG 2019
... central bank meetings, all three cut interest rates, all three policy decisions a surprise. The Reserve Bank of New Zealand (RBNZ) cut the official cash rate by 50 bps to a new record low of 1% at its August meeting. This is bigger than market expectations ...