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. 67, No. 3, September

Background to Reserve Bank Consent to ANZ/National Bank Amalgamation
This note provides some background to the basis on which the Reserve Bank has given its consent to the amalgamation of the ANZ and National Bank into a single bank. The merger has required the Reserve Bank to apply recently developed policy objectives...
Central Banking in New Zealand-Looking Back and Looking Forward
This is my final issue of the Bulletin as its Editor. After four and a half years, I hand over the reins to a new Editor with effect from the December 2004 issue of the Bulletin. The new Editor is Bernard Hodgetts, a colleague from the Economics Department...
Letter Sent on 18 June 2004 to Sir John Anderson, ANZ Banking Group (New Zealand) Limited
18 June 2004 Sir John Anderson Managing Director ANZ Banking Group (New Zealand) Limited PO Box 1791 WELLINGTON By Fax: 802 2517 Dear Sir John We sent to you yesterday a letter advising you of conditions of registration we propose...
NZIER's Capacity Utilisation Index
The Institute of Economic Research (NZIER) produces an index of capacity utilisation from its Quarterly Survey of Business Opinion (QSBO) known as CUBO (standing for Capacity Utilisation, Business Opinion). CUBO is a useful indicator of the business...
OCR Increased to 6.25 per Cent: 9 September 2004
The Reserve Bank has increased the Official Cash Rate from 6.00 per cent to 6.25 per cent. The Bank has also stated that further tightening of monetary policy is likely to be required. Speaking at the release of the Reserve Bank's September 2004...
Promoting Strong Corporate Governance in New Zealand Banks
The Reserve Bank of New Zealand has responsibility for registering and supervising banks in New Zealand. We do this for the purpose of promoting a sound and efficient financial system and for avoiding significant damage to the financial system that...
RBNZ Assesses Property Risks: 2 September 2004
The Reserve Bank is reminding investors in property--rural, industrial and commercial, and residential--that property markets are inherently subject to cycles and market participants need to structure their affairs accordingly. That's come in notes...
Supervising Overseas-Owned Banks: New Zealand's Experience; an Address by, Dr Alan Bollard, Governor, Reserve Bank of New Zealand, to the Trans-Tasman Business Circle in Sydney
11 August 2004 In many respects the Australian and New Zealand economies are similar. With banking, however, there is a big difference--the New Zealand banking system comprises banks owned overwhelmingly from abroad, whereas in Australia the banks...
The Long-Run Effects of Monetary Policy on Output Growth
This article looks at how interest rates and inflation affect growth in the capital stock, labour supply, and technology, the main determinants of long-run economic growth. Many additional factors affect long-run economic growth, but most of these...
What's Happening in the Property Sector? A Speech to the Property Council of New Zealand, Alan Bollard, Governor, Reserve Bank of New Zealand
2 September 2004 Introduction The property sector, in the broadest terms, is something that fascinates most people. Most New Zealanders own or aspire to own some kind of property, and property forms a significant part of the wealth of many of...