The Reserve Bank of New Zealand - Te Pūtea Matua is New Zealand’s central bank. Toitū Te, Toitū Te Ōranga - we enable economic wellbeing and prosperity for all New Zealanders. We have a clear goal – to create an environment that fosters the overall economic wellbeing of the country and the living standards of all New Zealanders so that we, and generations to come, continue to enjoy this great country. Our mandates are: - maintaining low and stable consumer price inflation while contributing to maximum sustainable employment; - promoting and maintaining a sound and efficient financial system; - meeting the cash needs of the public; - and providing robust payment and settlement services for New Zealand’s financial institutions.
External link for Reserve Bank of New Zealand
2 The Terrace
Wellington, NZ
The floofiest members of the RBNZ whānau have been busy spreading holiday cheer amongst our teams. Ngā mihi o tēnei wāhanga o te tau - Wishing you a happy holiday #PetsOfRBNZ
We would like to acknowledge Dr. Rod Carr as he retires from his role as the inaugural Chair of the Climate Change Commission. Rod’s leadership on climate change has been instrumental in advancing Aotearoa’s climate policy and in enabling a greater understanding of the links between climate change and the financial system. His contributions to the Reserve Bank, including presentations to our staff and the Council of Financial Regulators, have provided valuable insights into the intersection of climate risk and financial stability. Thank you Rod, we wish you well in future endeavours.
We recently celebrated Naina from our reception team's 50th anniversary of working at Te Pūtea Matua. Naina first joined The Reserve Bank in 1974 as a junior copy typist. She went on to hold roles doing secretarial and administrative work. She also worked as a personal assistant and filled in at the reception desk alongside her other roles. She eventually moved into working full-time at the front desk reception. She has enjoyed all the roles she has held at Te Pūtea Matua and particularly enjoys her current job, which she has held since 2013. She likes working with people, being able to help them, and get them where they need to go. She has seen many things change over time - how people dress for work (much more formal in 1974), the building itself (it used to be covered in 70's wood panelling with a big spiral staircase as you walked in), and the move from paper to digital systems. A big highlight has been all the friends she made over the years. One of her favourite memories working at RBNZ is a trip to Taupō in 2003 where she learned about key central bank operations like monetary policy, financial stability, and currency issuance. Congratulations on five decades at Te Pūtea Matua Naina! Image descriptions: 1. Naina cutting her 50th-anniversary cake 2. Naina when she had just joined RBNZ 3. Naina at an end-of-year event 4. Naina celebrating a past anniversary 5. Naina on her 50th anniversary
Recently, the 2024 meeting of the South Pacific Central Bank Governors took place in Nadi, Fiji. The event was hosted and chaired by Governor Ariff Ali of the Reserve Bank of Fiji. The meeting brought together Governors and senior representatives of the Reserve Bank of Australia, Reserve Bank of Fiji, Reserve Bank of New Zealand, Bank of Papua New Guinea, Central Bank of Samoa, Central Bank of Solomon Islands, National Reserve Bank of Tonga, and the Reserve Bank of Vanuatu. The meeting agenda focused on four themes: • the future of central banking • greening the financial system • central bank resilience • correspondent banking and national payment systems This annual meeting gives central bank governors a great opportunity to collaborate on the big issues facing central banks and the Pacific. Image description: Left to right - RBNZ Governor Adrian Orr with Governor Ariff Ali - Reserve Bank of Fiji and Governor Elizabeth Genia - Bank of Papua New Guinea
Today we’ve released a thematic review on the financial inclusion practices within the deposit taking sector. Deposit takers play a key role in enabling financial inclusion and are already doing good work in this area through a range of interesting and innovative initiatives. However, there are further opportunities deposit takers can consider and undertake to enhance financial inclusion. This includes boards of entities taking more ownership, providing sufficient expertise and staff training to support inclusion initiatives and incorporating financial inclusion considerations into a range of decision making. Insights from this review will inform our current and upcoming work on financial inclusion. Find the review here: https://lnkd.in/gNZRVWDk
We recently asked people all over the country their thoughts on a proposed digital currency for New Zealand – Digital Cash. It had the highest-ever response to any consultation we've run, with more than 500 written submissions and 18,000 online survey responses. Find out what we heard from New Zealanders in the video or here on our website: https://lnkd.in/g7DY-mvP
Governor Adrian Orr recently spoke with Katie Bradford on TVNZ’s Q&A show. He reflected on monetary policy decisions, inflation, the economy and housing in New Zealand. Watch the full interview here: https://lnkd.in/gAeSyA_u
We have just published new statistics that reflect average interest rates for customers month-to-month on new residential mortgage loans. This data is sourced from our New Credit Flows Survey and will be published monthly. Publishing this data will support the analysis of the New Zealand financial system and help with understanding the impact of monetary policy on new lending. You can find it here: https://lnkd.in/g9JrVANQ
The Information, Data and Analytics Group recently hosted data leaders from Bank of Japan, Monetary Authority of Singapore and Bank for International Settlements in our Wellington office. It was a great opportunity for the team to discuss best practice on data governance and financial systems statistics approaches and connect with other leaders in the data space.
Nau mai, Haere mai to our 2024 Summer interns! We recently welcomed our interns through waiata and whakawhanaungatanga with leaders of Te Pūtea Matua sharing their wisdom and stories. Our interns work across various areas of RBNZ, giving them a fantastic opportunity to apply the skills they are developing whilst studying, and learn more about meaningful work and how it relates to the wider economy.