The Reserve Bank of New Zealand Bulletin

Quarterly that explores issues related to both central banking and the New Zealand economy. On the record speeches of the Governor and Deputy Governors also featured regularly.

Articles from Vol. 66, No. 2, June

Corporate Governance in the Financial Sector: An Address by Dr Alan Bollard, Governor, Reserve Bank of New Zealand to the Annual Meeting of the Institute of Directors in New Zealand, Christchurch on 7 April 2003. (Speech)
Corporate governance is now a topic of considerable interest to a large and expanding cross-section of the community. It is obviously of fundamental importance to this audience, given that most of you are company directors. It is also of interest to...
Developments in the New Zealand Banking Industry
This article reviews developments in the New Zealand banking industry over the year ended December 2002. It discusses some of the structural developments in the banking system, policy initiatives in the banking supervision area, and the financial condition...
Editor's Note
In the March 2003 issue of the Bulletin, we ran an article on the Financial Sector Assessment Program (FSAP), noting that New Zealand will undergo an FSAP assessment later this year. We noted that this will involve a broad-based assessment of the regulatory...
Financial Intermediation beyond the Banks: Recent Developments
The New Zealand financial system is dominated by banks, whose assets are well over 90 per cent of those of all deposit-taking institutions. Banking groups also own fund management businesses, with more than a quarter of all funds under management....
Monetary Policy Communication and Uncertainty
Central banks have become progressively more transparent in explaining to the public the rationale for a given monetary policy decision, often using economic projections as a vehicle for explaining policy issues. Nevertheless, increased transparency...
OCR Reduced to 5.50 per Cent: 24 April 2003. (for the Record: Recent Press Releases)
The Reserve Bank today reduced the Official Cash Rate from 5.75 per cent to 5.50 per cent. Reserve Bank Governor Alan Bollard commented "In January this year, we said that if the exchange rate remained unchanged or appreciated further, and if the...
RBNZ on Governance and Banking in NZ: 7 April 2003. (for the Record: Recent Press Releases)
The Reserve Bank is seeking to evolve the way it supervises banks, Reserve Bank Governor Alan Bollard said today. Speaking in Christchurch to the Institute of Directors, Dr Bollard outlined the internationally distinctive way in which the Reserve...
RBNZ Reduces OCR to 5.25 per Cent: 5 June 2003. (for the Record: Recent Press Releases)
The Reserve Bank has decided to cut the Official Cash Rate by 25 basis points to 5.25 per cent. Speaking at the release of the Reserve Bank's June 2003 Monetary Policy Statement, Reserve Bank Governor Alan Bollard said "Reducing the OCR is an appropriate...