NZ Reserve Bank News Feed

Reserve Bank of New Zealand News Releases

03 June 2020

Press releases issued by the Reserve Bank of New Zealand
  • Reserve Bank Governor's Remarks: A Near Horizon
    Reserve Bank of New Zealand Governor Adrian Orr participated in a virtual roundtable with Mark Carney (United Nations Special Envoy for Climate Action and Finance and former Governor of the Bank of England) and James Shaw (Minister for Climate Change) on Thursday, 28 May 2020.
  • Financial system will benefit supporting economic recovery
    The financial system is in a solid position to both weather the significant economic impact caused by the COVID-19 pandemic and support New Zealand’s recovery, Reserve Bank Governor Adrian Orr says in releasing the May Financial Stability Report.
  • Industrial and Commercial Bank of China limited registered as bank
    The Reserve Bank today announced that it has registered Industrial and Commercial Bank of China Limited (“ICBC”) to provide banking services in New Zealand.
  • Large Scale Asset Purchases expanded
    The Monetary Policy Committee has agreed to significantly expand the Large Scale Asset Purchase (LSAP) programme potential to $60 billion, up from the previous $33 billion limit. The LSAP programme includes NZ Government Bonds, Local Government Funding Agency Bonds and, now, NZ Government Inflation-Indexed Bonds.
  • Financial Services - Level 2 guidance
    Following the government announcement, for Financial Services, we will be moving to COVID-19 Lockdown level 2 at 23:59, 13 May. Until then, we remain at Level 3. Level 2 us about reducing the risk of transmission.
  • Term Lending Facility details outlined to promote business lending
    The Reserve Bank will provide term funding to banks at a very low interest rate under the previously announced Term Lending Facility (TLF), to help them support the Government’s Business Finance Guarantee Scheme and promote lending to businesses.
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