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The Reserve Bank of New Zealand (RBNZ) is the name of the [https://volatility.red/Central_banks central bank] of New Zealand. Its primary purpose is to maintain the stability of New Zealand's financial system.
The Reserve Bank of New Zealand (RBNZ) is the name of the [[Central_banks | central bank]] of New Zealand. Its primary purpose is to maintain the stability of New Zealand's financial system.


In this Wiki, We will explore The Reserve Bank of New Zealand, its structure, mandates and more.
In this Wiki, We will explore The Reserve Bank of New Zealand, its structure, mandates and more.
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=='''RBNZ Structure'''==
=='''RBNZ Structure'''==


Unlike all other major [https://volatility.red/Central_banks central banks] that we have discussed so far, the RBNZ has a structure that gives the decision-making power on monetary policy to the [https://volatility.red/Central_banks central bank] governor alone.  The rest of the members act only as advisors to the governor.
Unlike all other major [[Central_banks | central banks]] that we have discussed so far, the RBNZ has a structure that gives the decision-making power on monetary policy to the [[Central_banks | central bank]] governor alone.  The rest of the members act only as advisors to the governor.


They typically meet 8 times per year.
They typically meet 8 times per year.
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=='''RBNZ Mandate'''==
=='''RBNZ Mandate'''==


Its mandate is to maintain [https://volatility.red/Price_Action_Analysis price] stability and avoid instability of [https://volatility.red/Fundamental_Analysis#Economic_Cycles economic output], interest rates, and [https://volatility.red/Exchange_rates exchange rates].   
Its mandate is to maintain [[Price_Action_Analysis | price]] stability and avoid instability of [[Fundamental_Analysis#Economic_Cycles | economic output]], interest rates, and [[Exchange_rates | exchange rates]].   


The RBNZ has an [https://volatility.red/Fundamental_Analysis#Inflation_and_Deflation inflation] target of between 1% and 3%.  It focuses hard on this target because failure to meet it could result in the governor of the RBNZ getting fired by the government.   
The RBNZ has an [[Fundamental_Analysis#Inflation_and_Deflation | inflation]] target of between 1% and 3%.  It focuses hard on this target because failure to meet it could result in the governor of the RBNZ getting fired by the government.   


[http://www.rbnz.govt.nz/ www.rbnz.govt.nz]
[http://www.rbnz.govt.nz/ www.rbnz.govt.nz]
==Related Wikis==
Readers of '''The Reserve Bank of New Zealand''' also viewed:
* [[Federal Reserve]]
* [[Central banks]]
* [[Economic data releases]]
* [[European Central Bank]]
* [[The Reserve Bank of Australia]]

Latest revision as of 16:42, 17 October 2023

The Reserve Bank of New Zealand (RBNZ) is the name of the central bank of New Zealand. Its primary purpose is to maintain the stability of New Zealand's financial system.

In this Wiki, We will explore The Reserve Bank of New Zealand, its structure, mandates and more.



New Zealand – The Reserve Bank of New Zealand (RBNZ)

RBNZ Structure

Unlike all other major central banks that we have discussed so far, the RBNZ has a structure that gives the decision-making power on monetary policy to the central bank governor alone. The rest of the members act only as advisors to the governor.

They typically meet 8 times per year.


RBNZ Mandate

Its mandate is to maintain price stability and avoid instability of economic output, interest rates, and exchange rates.

The RBNZ has an inflation target of between 1% and 3%. It focuses hard on this target because failure to meet it could result in the governor of the RBNZ getting fired by the government.

www.rbnz.govt.nz


Related Wikis

Readers of The Reserve Bank of New Zealand also viewed:

Retrieved from "https://volatility.red/index.php?title=The_Reserve_Bank_of_New_Zealand&oldid=1515"
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This page was last edited on 17 October 2023, at 16:42.
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