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Bank of China registered as a bank

Thursday, 29 March, 2018 - 09:07

The Reserve Bank today registered Bank of China to provide banking services in New Zealand.

Bank of China Limited is incorporated in the People’s Republic of China and will operate in New Zealand as a branch.

Printing money doesn’t create jobs - Seymour

Monday, 26 March, 2018 - 17:26

"Directing the Reserve Bank to focus on employment ignores the basic fact that printing money doesn’t create jobs", says ACT Leader David Seymour.

"Monetary policy doesn’t affect employment in the long-term.

Review of the Reserve Bank of New Zealand Act 1989

Monday, 26 March, 2018 - 16:07

The Treasury has released documents related to Phase 1 of the Reserve Bank of New Zealand Act 1989 review.

See Review of the Reserve Bank of New Zealand Act 1989: http://www.treasury.govt.nz/publications/reviews-consultation/rbnz-act-1989

Federated Farmers: Why fool around with the Reserve Bank Act?

Monday, 26 March, 2018 - 13:07

Federated Farmers sees the Government’s decision to proceed with adding employment to the Reserve Bank’s monetary policy mandate as a step backwards for New Zealand.

Robertson’s RBNZ changes no compensation for poor policies - Adams

Monday, 26 March, 2018 - 11:56

Finance Minister Grant Robertson should explain why New Zealand needs to change its monetary policy objectives when under the current settings he inherited one of the best performing economies and employment rates in the developed world, says National Party Finance Spokesperson Amy Adams.

RBNZ to consider employment alongside price stability mandate

Monday, 26 March, 2018 - 09:05

Finance Minister Grant Robertson and incoming Reserve Bank Governor Adrian Orr today signed a new Policy Targets Agreement (PTA) setting out specific targets for maintaining price stability and a requirement for employment outcomes to be considered in the conduct of monetary policy.

Employment to be considered alongside price stability mandate

Monday, 26 March, 2018 - 09:00

Finance Minister Grant Robertson and incoming Reserve Bank Governor Adrian Orr today signed a new Policy Targets Agreement (PTA) setting out specific targets for maintaining price stability and a requirement for employment outcomes to be considered in the conduct of monetary policy.

Ponzi scheme operator receives jail term

Friday, 23 March, 2018 - 15:46

A Christchurch man who defrauded his clients of at least $17.5 million through a Ponzi scheme has been sentenced to eight years in prison with a minimum non-parole period of four years for charges brought by the Serious Fraud Office.

Interest rates remain low but high deposits ‘cruel’

Thursday, 22 March, 2018 - 11:42

"Ongoing low interest rates are little consolation to first-home buyers if the deposit hurdle remains far too high," says Geoff Barnett, National Manager of Century 21 New Zealand.

Official Cash Rate unchanged at 1.75 percent

Thursday, 22 March, 2018 - 09:05

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 1.75 percent.