RBNZ Opens Consultation on Draft Changes to Insurance Prudential Legislation
The Reserve Bank of New Zealand (RBNZ) has opened a 12‑week public consultation on a draft Insurance (Prudential Supervision) Amendment Bill, set to close on 7 July. The proposal seeks to modernise insurance regulation by adopting a clearer, rules‑based framework and introducing a proportionality principle that tailors oversight to insurer size and complexity. It aims to boost transparency, risk‑based supervision, and align New Zealand’s insurance regime with international best practices. The Bill is slated for introduction to the House of Representatives in 2027.
Cash Consultation Continues, Update on Further Supporting Information
The Reserve Bank of New Zealand has extended the deadline for its “Keeping Cash Local” consultation to 31 July 2026 after receiving more than 4,000 responses. Within two weeks the RBNZ will publish additional information on the legal basis of the proposal and...
OCR on Hold at 2.25%
The Reserve Bank of New Zealand’s Monetary Policy Committee kept the Official Cash Rate at 2.25 percent as the Middle‑East conflict pushed global oil prices higher and disrupted supply chains. Near‑term headline inflation is projected at 3.0 percent in the March 2026 quarter and...
Expanded April Monetary Policy Review and Change to Focus of Business NZ Speech
The Reserve Bank of New Zealand will release its April Monetary Policy Review at 2 pm on its website, followed by an online media conference at 3 pm, marking a shift toward greater transparency for future reviews. Governor Adrian Breman will engage with...
RBNZ Releases Summary of Submissions and Key Decisions From Liquidity Management Consultation
The Reserve Bank of New Zealand (RBNZ) is overhauling its liquidity management framework after a consultation on recent market changes. It will introduce weekly full‑allotment open‑market operations (OMO) to inject liquidity at a fixed spread to the official cash rate,...
RBNZ Working with Industry to Improve Access to Basic Transaction Services
The Reserve Bank of New Zealand (RBNZ) is finalising a Memorandum of Understanding (MoU) with banks, fintechs and public‑sector agencies to improve access to basic transaction accounts. The consultation attracted 50 submissions, with 98% of respondents urging action on financial exclusion....
RBNZ Governor Anna Breman: Monetary Policy Must Focus on the Future
RBNZ Governor Anna Breman stressed that New Zealand’s monetary policy must be anchored in forward‑looking inflation forecasts rather than current price data, given the lag between rate changes and economic impact. She reaffirmed confidence that inflation will return to the 2 percent...
OCR on Hold at 2.25% with Inflation Expected to Fall
The Reserve Bank of New Zealand kept its Official Cash Rate (OCR) unchanged at 2.25% during its latest monetary policy meeting. The decision reflects the central bank’s confidence that inflation is on a downward trajectory and will converge toward the...