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Search ResultsShowing 1 - 10 of 54 results for "RBNZ"
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
... 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 accommodation ...
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 ...
AMP Life sale blocked
JAMIE WILLIAMSON  |  MONDAY, 15 JUL 2019
... current terms do to challenges in meeting the condition precedent to obtain approval from the Reserve Bank of New Zealand (RBNZ). On July 13, Resolution Life informed AMP that the RBNZ would not consider Resolution Life's change of control application ...
Chief economist update: Expect an RBNZ rate cut
BENJAMIN ONG  |  THURSDAY, 27 JUN 2019
The Reserve Bank of New Zealand (RBNZ) did as it was expected - it kept the official cash rate unchanged at a record low 1.5% at the conclusion of its June 26 meeting. Understandably, another interest rate reduction only a month after it handed out ...
John Key under fire
ELIZABETH MCARTHUR  |  TUESDAY, 25 JUN 2019
... New Zealand Prime Minister John Key come under fire over governance issues at the bank. The Reserve Bank of New Zealand (RBNZ) is requesting assurance from ANZ that it is operating in a prudential manner in New Zealand by way of an independent review ...
Chief economist update: Same challenges, differing reactions
BENJAMIN ONG  |  THURSDAY, 9 MAY 2019
... Travel', it would have been better (dare I say, sexier) that instead of a printed statement, Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr verbally delivered the news that: "The Official Cash Rate (OCR) has been reduced to 1.5%." "The Monetary ...
Chief economist update: Unchanged RBNZ stance would force it to change stance
BENJAMIN ONG  |  THURSDAY, 14 FEB 2019
... around the mid-point of our target range at 2%." These were the rationales behind the Reserve Bank of New Zealand's (RBNZ) decision - as explained by Governor Adrian Orr - to keep the official cash rate unchanged at 1.75% after its February 13 monetary ...
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