#rbnz — Public Fediverse posts

The Reserve Bank of NZ is still investigating the possibility of issuing NZ dollars in a digital form. In order to allay the fears that this would replace physical cash - which has never been part discussed as part of the plan - they're now using the phrase "digital cash";

"We're looking at the possibility of issuing digital cash. It would be an electronic version of cash, issued by us, but it would not replace cash."

https://www.rbnz.govt.nz/money-and-cash/future-of-money/digital-cash

#DigitalCash #CBDC #ReserveBankNZ #RBNZ

#RBNZ cuts cash rate by 50bps to 4.75%, aligning with market expectations as inflation returns to target. Despite this, the economy is subdued, leading to speculation of further aggressive easing. Market reacts with a 0.9% drop in the $NZD and a decline in swap rates, suggesting an additional 45bps cut is likely next month. Some analysts even foresee a potential 75bps reduction. As central banks globally shift towards easing, the RBNZ's move reflects similar trends in monetary policy. #APAC

$USD up 0.1% near 7-week high ahead of #Fed minutes as markets expect a 25bps rate cut in Nov. #EUR down 0.2% despite solid German trade data, while #NZD falls 0.9% after #RBNZ rate cut.

#Forex #Rates #FX

Asian stocks gain on soft U.S. inflation data, while NZD slumps after #RBNZ rate cut. Japan’s PM resigns, shaking markets. U.S. stocks rebound with #oil prices rising and #gold steady. #StockMarket #NZD #Japan #Commodities

Asian currencies mostly flat as dollar strengthens post-#Powell comments; NZD sinks on dovish #RBNZ. Mixed inflation data impacts JPY, CNY. Traders await #CPI data, AUD and KRW see slight gains ahead of #BOK rate decision. #Forex #USD #NZD #JPY #CNY #AUD #KRW

#Brent crude futures hit a one-week high at $84.25/barrel. In currency news, the #dollar holds steady, while the $euro and #yen maintain their ground. Eyes on the Reserve Bank of New Zealand’s #RBNZ rate decision as the #NZD stays put. #Forex #Commodities

New Zealand Begins Plans To Introduce CBDC - The Reserve Bank of New Zealand (RBNZ) has begun its public consultation on “Digit... - https://cryptonews.com/news/new-zealand-begins-plans-to-introduce-cbdc.htm #blockchainnews #newzealand #cbdc #rbnz

@KiwiNikki
That is good news, the economy data was good so they had no need to raise the rate #rbnz

Crypto 'regulatory approach isn't needed now' — New Zealand central bank - Reserve Bank of New Zealand however said that crypto and stableco... - https://cointelegraph.com/news/new-zealand-central-bank-holds-on-crypto-regulations #reservebank #centralbank #newzealand #crypto #rbnz #nz

I find it interesting that the #nzpol people piling on Adrian Orr and the #RBNZ over #inflation are also generally the same people opposed to a capital gains tax, or promote watered-down alternatives like a land value tax.

📬RBNZ: Neuseeländische Zentralbank von Cyberangriff betroffen📬 https://tarnkappe.info/rbnz-neuseelaendische-zentralbank-von-cyberangriff-betroffen/ #ReserveBankofNewZealand #AdrianOrr #DaveParry #Acellion #Hacking #RBNZ

Cyber resilience
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RT @ReserveBankofNZ
The draft guidance, which is open for feedback, outlines the Reserve Bank’s expectations around cyber resilience, and draws heavily from leading international and national cybersecurity standards and guidelines. More info here 👉https://bit.ly/35bePYk #rbnz
https://twitter.com/ReserveBankofNZ/status/1318302914205552640