The Reserve Bank today highlighted the importance of market discipline as one of three pillars that help maintain the stability of financial institutions.
The Reserve Bank today published a Bulletin article, ‘The importance of market discipline in the Reserve Bank’s prudential regime‘ that argues market discipline is a central and robust component of the Bank’s prudential framework.
The Reserve Bank’s regular forward guidance on interest rates supports the effectiveness and accountability of its monetary policy actions, Assistant Governor and Head of Economics, Dr John McDermott, said today.
The Reserve Bank will continue to draw on the flexibility contained in the PTA in managing economic risks and assessing monetary policy, Governor Graeme Wheeler said today.
The Reserve Bank today published a Bulletin article, ‘New Zealand house prices: a historical perspective’ that provides historical context to the current divergence between house price inflation in Auckland and the rest of New Zealand.