Kristin-School-wins-Monetary-Policy-Challenge

Kristin-School-wins-Monetary-Policy-Challenge

Kristin School (Auckland) has been named the national winner of the 2017 Reserve Bank of New Zealand Monetary Policy Challenge. Macleans College (Auckland) placed second and Saint Patrick’s College (Kilbirnie, Wellington) came third.

The team from Kristin School (from left) Amar Hamilton-Vincent, Bruce Zhang, Rory Sutherland, William Baker, and Christine Zhang each won $500 for themselves and $2500 for their school by winning the Reserve Bank’s 2017 Monetary Policy Challenge. Photo: Hannah Richardson.

Survey-shows-insurers-need-to-up-their-game

Survey-shows-insurers-need-to-up-their-game

The Reserve Bank today published a report on compliance by insurers with the requirements to disclose their financial strength ratings and solvency information.

A recent survey by the Reserve Bank of a sample of 36 of the 89 licensed insurers found that the overall level of compliance with disclosure rules was well short of minimum requirements, with 53 percent of respondents complying at a low or poor level, and only 22 percent performing relatively well but with room to improve further. Only three insurers demonstrated an excellent level of compliance.

Statement-of-Intent-outlines-RBNZ's-priorities

Statement-of-Intent-outlines-RBNZ's-priorities

The Reserve Bank's commitment to price and financial stability in an uncertain global environment is underlined in the Bank's Statement of Intent (SOI) for 2017-2020.

The Reserve Bank supports economic growth by targeting price stability, promoting a sound and efficient financial system, and meeting the public's currency needs.

Reserve-Bank-broadens-engagement-with-stakeholders

Reserve-Bank-broadens-engagement-with-stakeholders

The Reserve Bank continues to broaden its engagement with a diverse range of stakeholders to provide accountability, and to promote understanding and dialogue, Head of Communications, Mike Hannah, said in a speech released today.

Speaking to the Canterbury branch of the Institute of Directors in Christchurch yesterday evening, Mr Hannah said that the Bank’s relationships were crucial to achieving the Bank’s policy objectives.

Bulletin-article-outlines-recent-developments-in-financial-market-benchmarks

Bulletin-article-outlines-recent-developments-in-financial-market-benchmarks

An article published today in the Reserve Bank Bulletin provides an overview of the importance of benchmarks, which are used to price, value and evaluate financial market transactions.

The Bulletin article notes the need for financial market benchmarks to be reliably measured, transparent and supported by strong governance arrangements. The article also explores the way that regulators worldwide are implementing reforms for interest rate benchmarking systems and processes. This follows the erosion in trust in benchmarks that occurred after the LIBOR scandal, where a number of international banks in London were found to have manipulated the LIBOR benchmark interest rates.

Bulletin-article-reviews-current-economic-expansion

Bulletin-article-reviews-current-economic-expansion

The sensitivity of the New Zealand economy to global developments has been underlined in the Reserve Bank Bulletin.

An article published today examines the current economic expansion since 2009, comparing it with earlier expansions in order to highlight current features.

Reserve-Bank-offers-to-purchase-NZ-Government-December-2017-nominal-bonds

Reserve-Bank-offers-to-purchase-NZ-Government-December-2017-nominal-bonds

As is usual ahead of a government bond maturity, and as advised by the New Zealand Debt Management Office on 25 May 2017, the Reserve Bank offers to purchase NZ government bonds maturing 15 December 2017 for liquidity management purposes.

This offer opens at 10:00am on 19 June 2017 and will remain open until further notice. Interested parties should telephone their offers, volume and rate, to the Domestic Markets section on (04) 472 0074/472 0075, preferably between the hours of 10:00am to 12:00pm and 2:00pm to 4:00pm daily.