The Reserve Bank of New Zealand – Te Pūtea Matua welcomes the elevation of Byron Pepper to the role of Deputy Chair of its Board. Mr Pepper was appointed by the Governor-General on the recommendation of the Minister of Finance for a term of four years, from 20 July 2026 to his current term end date of 30 June 2030.
In a speech delivered today at an event hosted by BusinessNZ in Wellington, Chief Economist, Paul Conway, discussed the fallout from the conflict in the Middle East, and how inflation expectations and price-setting behaviour will influence the path of interest rates as we return inflation back to our 2% target midpoint.
Reserve Bank of New Zealand Governor Anna Breman has appointed Angus McGregor as Assistant Governor Financial Stability following an extensive recruitment process.
The Reserve Bank of New Zealand (RBNZ) - Te Pūtea Matua has opened consultations on six draft standards and a package of crisis preparedness policies for deposit takers. The consultations are the latest step in RBNZ’s implementation of the most significant regulatory reform for the sector in decades, the Deposit Takers Act 2023 (DTA).
The Reserve Bank of New Zealand – Te Pūtea Matua welcomes the High Court’s decision to impose a civil pecuniary penalty of $6.731 million on ASB Bank Limited.