The Reserve Bank of New Zealand is New Zealand’s central bank. We promote a sound and dynamic monetary and financial system. We work towards our vision by:
- Operating monetary policy to achieve and maintain price stability
- Assisting the functioning of a sound and efficient financial system
- Meeting the currency needs of the public
- Overseeing and operating effective payments systems
- Providing effective support services to the Bank
What we do
The Reserve Bank is required to ensure that, throughout the economy, money works as well as possible as a mechanism for making transactions, storing value, and keeping account. The Bank also promotes a sound and efficient financial system. To fulfil these functions, the Bank carries out a wide range of tasks, from operating monetary policy to monitoring and supervising the health of the financial system, maintaining foreign reserves, operating in the financial markets if necessary, and issuing currency as required. To do this, we have defined the vision and values by which we operate.
- Currency issue
- Financial markets operations
- Governance and organisation
- Internal services
- Monetary policy
- Payments and settlements
- Prudential supervision
- Reserve Bank Museum
Our vision
We promote a sound and dynamic monetary and financial system.
We work towards our vision by:
- Operating monetary policy to achieve and maintain price stability
- Assisting the functioning of a sound and efficient financial system
- Meeting the currency needs of the public
- Overseeing and operating efficient payment systems
- Providing effective support services to the Bank
Our values
- Integrity – Being professional and exercising sound judgement.
- Innovation – Actively improving what we do.
- Inclusion – Working together for a more effective Bank.
Our legislation
Under the Reserve Bank of New Zealand Act 1989 (‘the Act’), the Reserve Bank is responsible for formulating and implementing monetary policy, promoting a sound and efficient financial system, and carrying out other functions and exercising other powers as set out in the Act.
The Act provides for the appointment of the Reserve Bank’s Board of Directors, Governor and Deputy Governors, and its corporate powers.
It also provides for the Bank’s powers and functions in respect of banking supervision, and regulation of non-bank deposit takers and payments systems.
The Reserve Bank has powers and function under other legislation:
- Insurance (Prudential Supervision) Act 2010: The Reserve Bank administers this Act, and is the prudential regulator and supervisor of all insurers carrying on insurance business in New Zealand.
- Anti-Money Laundering and Countering Financing of Terrorism Act 2009: The Reserve Bank is one of three supervisors under this Act, which places obligations on New Zealand’s reporting entities to detect and deter money laundering and terrorism financing. This Act comes fully into effect on 30 June 2013.
- Bills of Exchange Act 1908 and Cheques Act 1960.
Contact Details
- Company: Reserve Bank of New Zealand
- In business since 1934
- Location Area: New Zealand
- Address: 2 The Terrace PO Box 2498 Wellington 6140 New Zealand
- Phone: +64 4 472 2029
- Email: Send email to advertiser
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- Website: visit website