RBNZ’s Funding for Lending Programme Starts Dec 7

The Reserve Bank of New Zealand’s funding programme for banks that is aimed at lowering borrowing costs in the economy and supporting its inflation and maximum employment objectives, will start on December 7.

The facility – F...

RBNZ Keeps OCR Unch; To Start Funding for Lending Programme in De...

--Slightly upgrades view on economy but alert to downside risks

By Sophia Rodrigues

The Reserve Bank of New Zealand left the official cash rate unchanged at 0.25% and announced it will provide additional easing to the economy v...

RBNZ Planning to Bring Back High LVR Mortgage Rules As High Risk...

By Sophia Rodrigues

The Reserve Bank of New Zealand is planning to bring back loan-to-value ratio (LVR) restrictions for mortgages earlier than expected to curb swift growth in higher-risk investor lending.

In a statement Wedne...

RBNZ Reviewing Reserves Portfolio As Part Of Emissions Reduction...

By Sophia Rodrigues

The Reserve Bank of New Zealand is reviewing its reserves portfolio as part of a plan to reduce its carbon emissions, Governor Adrian Orr said Wednesday.

Orr made the comments in a speech at the Pacific Ocea...

RBNZ Maintains OCR Guidance But Expands Asset Purchases

By Sophia Rodrigues

The Reserve Bank of New Zealand left the official cash rate unchanged at 0.25% and said it is prepared to reduce it further but not before early 2021.

“The Committee reaffirmed its forward guidance tha...

RBNZ Removes LVR Restrictions to Support Mortgage Deferral Scheme...

By Sophia Rodrigues

The Reserve Bank of New Zealand has removed the loan-to-value ratio (LVR) restrictions for mortgages to ensure they would not be an impediment in the implementation of the mortgage deferral scheme, for both borrowers...