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Showing 1 - 10 of 67 results for "RBNZ"

Economic recap: Week to November 26

BENJAMIN ONG  |  MONDAY, 29 NOV 2021
... markets to bring forward the timing of central bank interest rate hikes. If anything, the Reserve Bank of New Zealand's (RBNZ) has already jumped the gun. The RBNZ raised interest rates by 25 basis points to 0.5% in October - ahead of the other central ...

Economic recap: Week to November 5

BENJAMIN ONG  |  MONDAY, 8 NOV 2021
... globe has had financial markets bring forward rate hike expectations, and for good reasons. The Reserve Bank of New Zealand (RBNZ) started proceedings at its 6 October meeting when it doubled the official cash rate from 0.25% to 0.5% -- the first rate ...

Economic recap: Week to October 29

BENJAMIN ONG  |  MONDAY, 1 NOV 2021
... in the third quarter of this year (from 3.3% in the June quarter) - both more than the Reserve Bank of New Zealand's (RBNZ) remit requiring the central bank to keep inflation within the 1% to 3%. What's the RBNZ to do? Raise interest rates of ...

Westpac New Zealand names chief executive

ANNABELLE DICKSON  |  FRIDAY, 24 SEP 2021
... Westpac New Zealand (WNZL) as regulatory requirements in New Zealand became too stringent. The Reserve Bank of New Zealand (RBNZ) instructed Westpac New Zealand to hold additional liquid assets and commission independent reports into its risk governance ...

Westpac backs out of NZ demerger plans

ANNABELLE DICKSON  |  THURSDAY, 24 JUN 2021
... Westpac New Zealand (WNZL) as regulatory requirements in New Zealand became too stringent. The Reserve Bank of New Zealand (RBNZ) instructed Westpac New Zealand to hold additional liquid assets and commission independent reports into its risk governance ...

Westpac senior leader departs

ELIZABETH MCARTHUR  |  TUESDAY, 1 JUN 2021
... 3 after the bank said it was in the early stages of reviewing the feasibility of its 160-year-old New Zealand division as RBNZ ramped up capital requirements.

Chief economist update: RBNZ will run out of patience next year

BENJAMIN ONG  |  THURSDAY, 27 MAY 2021
The Reserve Bank of New Zealand (RBNZ) kept the official cash rate unchanged at 0.25%, maintained the existing LSAP programme, and retained the existing Funding for Lending Programme (FLP) conditions at its 26 May Board meeting. Same old, same old. ...

Chief economist update: Bubble, bubble getting out of trouble

BENJAMIN ONG  |  MONDAY, 19 APR 2021
... postponed reunions and visits t families and friends on both sides of the pond, it would, as the Reserve Bank of New Zealand (RBNZ) declared recently, "support incomes and employment in the tourism sector both in New Zealand and Australia". True that. ...

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 ...
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