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Showing 1 - 10 of 92 results for "Reserve Bank of New Zealand"

What does the RBNZ rate cut mean to Australia?

MATTHEW WAI  |  THURSDAY, 15 AUG 2024
On Wednesday, the Reserve Bank of New Zealand (RBNZ) trimmed its interest rate by 25 basis points to 5.25% after holding a decades-high rate of 5.50% since May 2023. The central bank pointed to inflation converging to its target range as the core reason ...

NZ Super Fund names chief risk officer

MATTHEW WAI  |  WEDNESDAY, 7 AUG 2024
... recruitment process. Mitchell brings extensive industry experiences, including different roles at the Reserve Bank of New Zealand, Morgan Stanley, Westpac Investment Management and ABN Amro. Speaking on the appointment, Guardians chief executive Jo Townsend ...

New Zealand exits recession

KARREN VERGARA  |  MONDAY, 24 JUN 2024
... Zealand's cash rate is currently 5.5% while inflation is tracking at 4%. ASB Bank predicts the Reserve Bank of New Zealand (RBNZ) will cut interest rates from early 2025. Its inflation target sits between 1% and 3% over the medium term. "For the ...

Heartland finally gets regulatory approval for Challenger Bank acquisition

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... indicative regulatory approvals from the Australian Prudential Regulation Authority (APRA) and the Reserve Bank of New Zealand (RBNZ) for Heartland Bank's acquisition of Challenger Bank. Heartland said, subject to final regulatory approvals, it expects ...

Economic recap: Week to November 26

BENJAMIN ONG  |  MONDAY, 29 NOV 2021
... financial 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 ...

Economic recap: Week to November 5

BENJAMIN ONG  |  MONDAY, 8 NOV 2021
... the 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 ...

Economic recap: Week to October 29

BENJAMIN ONG  |  MONDAY, 1 NOV 2021
By most accounts, Jacinda Ardern's island has succeeded in combatting the coronavirus pandemic. As at October 26, worldometer.com data showed that New Zealand ranked among one of the countries in the world with the lowest case of COVID-19 infections ...

Westpac New Zealand names chief executive

ANNABELLE DICKSON  |  FRIDAY, 24 SEP 2021
... reviewing 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 ...

Kiwi markets regulator names new chief

KARREN VERGARA  |  TUESDAY, 14 SEP 2021
... financial services and represents around 25% of Gibraltar's economy. She is also a former economist at the Reserve Bank of New Zealand and worked at the Financial Services Authority in London (now known as the Financial Conduct Authority). "Samantha ...

Westpac backs out of NZ demerger plans

ANNABELLE DICKSON  |  THURSDAY, 24 JUN 2021
... reviewing 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 ...
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