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The Reserve Bank of New Zealand (RBNZ) (Māori: Te Pūtea Matua) is the central bank of New Zealand. It was established in 1934 [2] and is currently constituted under the Reserve Bank of New Zealand Act 2021. [3] The governor of the Reserve Bank, currently Adrian Orr, is responsible for New Zealand's currency and operating monetary policy.
Reserve Bank of New Zealand This page was last edited on 27 January 2020, at 03:18 (UTC). Text is ... This page was last edited on 27 January 2020, at 03:18 (UTC).
Heartland Bank: 17 December 2012 New Zealand listed retail bank: Publicly listed on New Zealand Exchange: 0.7% (2022) Auckland, New Zealand: Kiwibank: 29 November 2001 New Zealand State owned retail bank: 9% (2022) [7] Invercargill, New Zealand: SBS Bank: 7 October 2008 Mutual retail bank: 0.8% (2022) Wellington, New Zealand: Co-operative Bank ...
Luxon, 53, said the government will also amend the Reserve Bank of New Zealand Act 2021 to remove the dual mandate on inflation and employment, to focus monetary policy only on price stability.
New Zealand's new government will introduce legislation to reform the Reserve Bank of New Zealand's mandate and lift a ban on the sale of cigarettes to future generations within its first 100 days ...
It provides retail, business, agribusiness and institutional banking services. With KiwiSaver and wealth management provided by its subsidiary BTNZ. In addition to individuals and companies the bank provides banking services to the New Zealand Government. [2] As of June 2022, it is the third largest bank in New Zealand, with a market share of ...
The official cash rate (OCR) is the term used in Australia and New Zealand for the bank rate and is the rate of interest which the central bank charges on overnight loans between commercial banks. This allows the Reserve Bank of Australia and the Reserve Bank of New Zealand to adjust the interest rates that apply in each country's economy. The ...
For retail customers, Bank of New Zealand offers a range of products and services that include savings and investments, home loans, credit cards, personal loans, insurance and international and migrant banking. [13] Customers are able to bank using telephone banking, internet banking or by visiting one of 180 branches around New Zealand.