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. 72, No. 4, December

Assessing Recent External Forecasts
1 Introduction Due to the lags with which monetary policy affects inflation, macroeconomic forecasting is a critical component of monetary policy (for further discussion, see Drew and Frith 1998). The current Reserve Bank published forecasts are...
Banking Crises in New Zealand-An Historical Perspective
1 Introduction Triggered by rising credit losses on US residential mortgages over the period 2007-09, the global economy experienced its most significant financial shock since the Great Depression. The crisis first involved a 'run' by counterparties...
Government Passes Law on Money Laundering
15 October 2009 A bill that boosts measures to counter money laundering by criminal gangs and organised crime, and which counters the financing of terrorism, was passed into law today. Justice Minister Simon Power said the Anti-Money Laundering...
Medals of Sir Edmund Hillary on Display
22 September 2009 The Reserve Bank Museum is hosting an exhibition of the orders, decorations and medals of the late Sir Edmund Hillary, KG, ONZ, KBE. The exhibition reflects a lifetime of extraordinary achievements that included the first ascent...
November 2009 Financial Stability Report Released
11 November 2009 The outlook for the New Zealand economy and financial system has improved in the past six months as international conditions have stabilised, but some risks and challenges remain, Reserve Bank Governor Alan Bollard said today when...
NZ Is Not Australia, but Could Be Their Lucky Neighbour
5 November 2009 Financial markets and businesses need to appreciate the different futures New Zealand and Australia are charting out of the global financial crisis, Reserve Bank Governor Alan Bollard said today. Speaking to Trans-Tasman Business...
OCR Unchanged at 2.5 Percent
10 December 2009 The Official Cash Rate (OCR) remains unchanged at 2.5 percent. Reserve Bank Governor Alan Bollard said: "The New Zealand economy continues to recover but there remains considerable uncertainty about the durability of the expansion....
Reserve Bank Bulletin Released
30 September 2009 Strengthening the economy in light of the economic and financial crisis, and lessons that can be learned from history, are the focus of the September 2009 Reserve Bank of New Zealand Bulletin, released today. The issue opens...
Reserve Bank Releases 2008-09 Annual Report
9 October 2009 New Zealand has escaped major damage in the worst global financial crisis in decades, but the experience has highlighted imbalances and vulnerabilities, the Reserve Bank says in its 2008-2009 Annual Report released today. "Prior...
Some Temporary Crisis Liquidity Facilities to Be Removed
14 October 2009 The Reserve Bank announced today that it will be removing and consolidating some of the temporary emergency liquidity facilities put in place during the financial crisis in 2008. The specific measures include: * The removal...
The Evolution of New Zealand's Trade Flows
1 Introduction Developments during the global financial crisis have highlighted the complex relationships between economies and the significant implications such relationships can have during periods of economic stress. Such relationships are particularly...
The Reserve Bank's New Liquidity Policy for Banks
1 Introduction The Reserve Bank registers and supervises banks in New Zealand for the purposes of promoting the maintenance of a sound and efficient financial system, and avoiding significant damage to the financial system that could result from...