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...

Did RBNZ Hint at Targeted Term Lending as Unconventional Monpol O...

By Sophia Rodrigues

The Reserve Bank of New Zealand may have dropped a hint on Monday that targeted term lending could be one of its preferred unconventional monetary policy measures to deal with the impact of coronavirus on the economy....

Clever 3-in-1 Communication From the RBNZ

By Sophia Rodrigues

The Reserve Bank of New Zealand issued an advisory this morning about an upcoming speech by Governor Adrian Orr on unconventional monetary policy. But in a very clever move, it turned the advisory into a statement aim...

Analysis: RBNZ Hawkesby on How Deeper Reading of Market Signals L...

By Sophia Rodrigues

Central banks are always interested in hearing from market about what they should do but might instead hear what they think the central bank “will do.” This could lead to a monetary policy error, unless th...

RBNZ Leads the Way in Sustainable Investing of FX Reserves

By Sophia Rodrigues

The Reserve Bank of New Zealand is the first central bank to invest its foreign exchange reserves in a climate-friendly investment option.

Earlier Friday, the RBNZ announced it has invested US$100 million in...