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. 69, No. 1, March

Analysis of Revisions to Quarterly GDP-A Real-Time Database
Gross Domestic Product (GDP) is one of the key data series used by the Reserve Bank to inform monetary policy decisions. The measures of GDP, published by Statistics New Zealand (SNZ), are estimates rather than exact figures and may be revised in subsequent...
Big Changes Afoot in the World Economy
27 January 2006 Big changes occurring in the world economy could impact significantly on New Zealand's competitiveness and ultimately its economic performance, Reserve Bank Governor Alan Bollard said today. In a speech to the Canterbury Employers'...
Changes in the Inflation Process in New Zealand
This article is a revised version of a paper prepared for the Bank of International Settlements Central Bank Economists' meeting held in Basel in October 2005. The article describes changes in the inflation process in New Zealand over the past two...
Discussion Papers
This section sets out the abstracts of recently issued Reserve Bank Discussion Papers. Papers are available for download on www.rbnz.govt.nz, and may also be requested in hard copy from the Reserve Bank. DP2005/06 A simple, structural, and empirical...
Editor's Note
Maintaining financial system stability is a key responsibility of modern central banks and is an issue that has received considerable attention from policymakers and academics in recent years. Many countries have experienced episodes of financial instability...
RBNZ Releases Finalised Outsourcing Policy for Banks
18 January 2006 The Reserve Bank today published its finalised policy on the requirements which will apply to large New Zealand banks that have entered into outsourcing arrangements. The final policy follows consideration of comments on a draft...
Reserve Bank Increases OCR to 7.25 per Cent
8 December 2005 The Official Cash Rate (OCR) will increase by 25 basis points to 7.25 per cent. As emphasised in our September MPS, and again at the October OCR Review, we remain concerned about the tightness of resources and the persistence...
Reserve Bank Issues Financial Stability Report
18 November 2005 The Reserve Bank today released its Financial Stability Report, a twice-yearly report that assesses the robustness of the New Zealand financial system. Reserve Bank Governor Alan Bollard commented: "The New Zealand financial system,...
Towards a Framework for Promoting Financial Stability in New Zealand
Central banks, like the Reserve Bank of New Zealand, make judgements and take actions to promote the stability of the financial system. This involves making decisions in inherently uncertain situations. For example, how is financial stability defined?...