Economic news

New Zealand central bank’s new governance board

2022.06.30 08:51

New Zealand central bank's new governance board

New Zealand central bank’s new governance board

New Zealand central bank’s new governance board, created by the government to strengthen decision making and accountability, will start work on Friday.

The establishment of the Reserve Bank of New Zealand’s (RBNZ) new statutory board responsible for non-monetary policy decisions, replacing the earlier single decision-maker model, was announced last year.(nL1N2PI04Y)

“This is a significant change that will strengthen the institutional arrangements of the Reserve Bank,” New Zealand’s Finance Minister Grant Robertson said in a statement.

He said the shift to a more conventional board model brings the Reserve Bank in line with other central banks, Crown Entities and public companies in New Zealand.

The changes are part of a two-phase review of laws that govern the RBNZ, kicked off by the centre-left Labour-led government in 2017, which also elevated financial stability, employment and housing affordability as priorities for the bank.

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 104,570.02 1.53%
ethereum
Ethereum (ETH) $ 2,585.35 10.39%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.46 5.06%
bnb
BNB (BNB) $ 662.32 0.68%
solana
Solana (SOL) $ 177.16 2.56%
usd-coin
USDC (USDC) $ 1.00 0.01%
dogecoin
Dogecoin (DOGE) $ 0.24801 20.84%
cardano
Cardano (ADA) $ 0.839629 7.99%
tron
TRON (TRX) $ 0.26558 2.10%
staked-ether
Lido Staked Ether (STETH) $ 2,586.14 10.72%
sui
Sui (SUI) $ 4.08 3.63%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 104,304.95 1.38%
chainlink
Chainlink (LINK) $ 17.34 8.42%
avalanche-2
Avalanche (AVAX) $ 25.91 11.47%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,097.60 10.11%
shiba-inu
Shiba Inu (SHIB) $ 0.000017 12.23%
stellar
Stellar (XLM) $ 0.319325 8.09%
hedera-hashgraph
Hedera (HBAR) $ 0.219077 8.34%
hyperliquid
Hyperliquid (HYPE) $ 26.08 5.40%
the-open-network
Toncoin (TON) $ 3.49 6.52%
bitcoin-cash
Bitcoin Cash (BCH) $ 430.15 4.84%
usds
USDS (USDS) $ 1.00 0.00%
polkadot
Polkadot (DOT) $ 5.28 10.40%
litecoin
Litecoin (LTC) $ 104.98 4.53%
leo-token
LEO Token (LEO) $ 8.26 5.49%
weth
WETH (WETH) $ 2,585.78 10.40%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,756.29 10.31%
monero
Monero (XMR) $ 325.48 2.87%
pepe
Pepe (PEPE) $ 0.000014 12.39%
bitget-token
Bitget Token (BGB) $ 4.97 11.54%
pi-network
Pi Network (PI) $ 0.785902 5.50%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998063 0.27%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 104,515.00 1.54%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.05%
uniswap
Uniswap (UNI) $ 7.43 16.93%
whitebit
WhiteBIT Coin (WBT) $ 30.21 0.25%
bittensor
Bittensor (TAO) $ 464.58 7.99%
near
NEAR Protocol (NEAR) $ 3.34 15.25%
aptos
Aptos (APT) $ 6.06 9.08%
dai
Dai (DAI) $ 1.00 0.01%
ondo-finance
Ondo (ONDO) $ 1.10 9.82%
aave
Aave (AAVE) $ 229.03 8.44%
okb
OKB (OKB) $ 55.65 1.25%
ethereum-classic
Ethereum Classic (ETC) $ 20.72 7.88%
internet-computer
Internet Computer (ICP) $ 5.84 7.26%
susds
sUSDS (SUSDS) $ 1.05 0.02%
crypto-com-chain
Cronos (CRO) $ 0.104789 3.34%
official-trump
Official Trump (TRUMP) $ 14.83 4.35%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%