Reserve Bank of New Zealand

Today we released our May 2024 Business Survey of Expectations. Full data available here: https://lnkd.in/gfUJh2fZ

Residents and retailers in rural areas find it harder to withdraw and bank cash than those living in urban areas. As part of our commitment to keeping cash available we’ve opened applications for rural towns wanting to trial ways to better meet retailers needs with automated cash banking facilities or a security van service, while retailers will be paid to make cashouts readily available with or without purchase. Find out more here: https://lnkd.in/gvfSSedi

While we're exploring the potential of Digital Cash - an electronic version of cash - we know that New Zealanders still value the option to use banknotes and coins. This is why we're working to ensure cash is easily available to everyone who wants to use it. Hear more in this NZ Herald interview with our Director of Money and Cash Ian Woolford: https://lnkd.in/gcaxxe6S

Our consultation for regulations under the Deposit Takers Act 2023 (DTA) is closing soon. The regulations outline some of the key components needed to operate the Depositor Compensation Scheme, including the proposed levy calculation method, eligible products and the scope of coverage. Consultation closes 10 May. Have your say here: https://lnkd.in/gwDZv6cZ

Recently our Director of Money and Cash Ian Woolford sat down with Bernard Hickey for his podcast When The Facts Change to talk about Digital Cash, including the problems it could solve and the opportunities it could create. Learn more about Digital Cash in the full episode here: https://lnkd.in/gbxMt3mV  

Yesterday we released our May Financial Stability Report. Chris McDonald, Manager of System Monitoring & Analysis, explains five of the top takeaways from the report. Learn more here: https://lnkd.in/gvKfac3b

New Zealand’s financial system remains strong as it continues to adjust to the higher interest rate environment. Most mortgage borrowers have now rolled onto higher interest rates as expected, and the NZ financial system remains well placed to handle a range of severe scenarios. Learn more about our latest Financial Stability Report here: https://bit.ly/3QqYyXk

Reminder - Our May Financial Stability Report media conference will be streaming live here at 1pm tomorrow: https://lnkd.in/gjpmjPvw

The increasing cost and availability of property insurance is an emerging challenge for both property owners and the financial system as a whole. We are seeing a trend towards insurance premiums being more tailored to the specific risks a property faces (e.g. earthquake or flood), which could make insurance particularly costly for some property owners.   Looking ahead, it is important for insurers, central and local governments, home buyers and lenders to take actions now to improve their understanding of natural hazards so that future affordability challenges can be proactively managed. Learn more in this insurance excerpt pre-release from our upcoming May 2024 Financial Stability Report: https://bit.ly/3WiU34T

In 2015 we released a special edition coloured ANZAC fifty-cent coin to mark the 100th anniversary of Gallipoli. One million coins were produced. This number represented the size of the New Zealand population in 1914, of which 10% served in World War I. It features a New Zealand and Australian soldier standing back to back with their heads bowed in remembrance. The mangopare (hammerhead shark) pattern symbolises strength and determination, and the silver fern reflects New Zealand’s national identity. The coin was released into circulation as legal tender on 23 March 2015 and can circulate like any other coin. #anzacday #lestweforget