Former acting governor Rod Carr has stepped down as chair of the Reserve Bank board of directors.
He will be replaced by Professor Neil Quigley ,vice-chancellor of the University of Waikato.
Kerrin Vautier has been appointed deputy chair.
Reserve Bank directors are appointed by the Minister of Finance for five-year renewable terms, and they elect their chair from among their numbers for one-year terms.
Carr said that he had advised the board some months ago that he would not be seeking a further term as a director of the Reserve Bank when his present term ends in July 2017...MORE»
Monday, September 26th, 4:17PM
New Reserve Bank mortgage lending data leaves little doubt that the new investor-targeted LVRs have had a significant impact on bank lending to investors - lending to Auckland landlords dropped by almost 20%.MORE»
Thursday, September 22nd, 10:35AM
Keeping the OCR on hold was the move expected of the Reserve Bank today, but economists say it means there will be another cut in November.MORE»
Don’t expect another OCR cut this week: economists are uniformly predicting the Reserve Bank will leave the OCR on hold, but cut later this year.MORE»
The NZ Super Fund and ACC have agreed on the commercial terms under which they will acquire a chunk of Kiwi Group Holdings, the sole shareholder in Kiwibank, from NZ Post.MORE»
The Commerce Commission is making it clear that it expects all consumer credit fees to be reasonable and related to the actual cost to a lender of processing loans.MORE»
Greater clarification of the details surrounding new lending requirements has come today with the Reserve Bank’s confirmation of its latest investor-targeted LVRs.MORE»