By Reuters Staff
3 Min Read
WELLINGTON (Reuters) - New Zealand’s central bank is expected to leave interest rates and its quantitative easing programme unchanged this week as it assesses the economic impact of some international tourists returning and the government’s new housing market measures.
FILE PHOTO: A security guard stands in the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. Picture taken July 3, 2017. REUTERS/David Gray
In a Reuters poll, all 11 economists forecast the Reserve Bank of New Zealand (RBNZ) to stand pat on Wednesday, and predicted it will keep the official cash rate (OCR) at the historic low of 0.25% for the rest of the year.
By Reuters Staff
3 Min Read
WELLINGTON (Reuters) - New Zealand’s central bank is expected to leave interest rates and its quantitative easing programme unchanged this week as it assesses the economic impact of some international tourists returning and the government’s new housing market measures.
FILE PHOTO: A security guard stands in the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. Picture taken July 3, 2017. REUTERS/David Gray
In a Reuters poll, all 11 economists forecast the Reserve Bank of New Zealand (RBNZ) to stand pat on Wednesday, and predicted it will keep the official cash rate (OCR) at the historic low of 0.25% for the rest of the year.
By Reuters Staff
(Adds additional details, Deputy Governor’s statement)
March 31 (Reuters) - The Reserve Bank of New Zealand said on Wednesday it was easing dividend restrictions placed on lenders at the height of the COVID-19 pandemic following a stronger-than-expected rebound in the economy.
The changes allow banks to pay up to half their earnings in dividends, with the cap to remain in place until July 1, 2022, given persisting uncertainties, the central bank said in a statement.
It, however, cautioned the banks to be prudent in their approach and consider the need to meet higher capital requirements resulting from the RBNZ’s capital review.
Reseller News
Join Reseller News
Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.Sign up now
Accellion hack: timeline clarifies when and how customers were notified
Report says the Reserve Bank of NZ and others should have received an automatic email warning
Adrian Orr (Reserve Bank of New Zealand) Credit: Supplied
The maker of a file transfer application at the centre of data breaches at the Reserve Bank of New Zealand, Transport New South Wales and others has released the first detailed report into the hack.
Two related but distinct exploits were used to attack Accellion s 20-year-old legacy File Transfer Appliance (FTA) software, cybersecurity consultancy Mandiant reported.