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Risk of OCR increases on mortgages

David Adamson made this Official Information request to Reserve Bank of New Zealand

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From: David Adamson

Dear Reserve Bank of New Zealand,

Can you please provide any advice/information produced or received by RBNZ in the last 3 months on risks to mortgages from OCR increases? This includes advice/discussion/estimates around the potential strain on mortgages or risks of forfeiture from OCR increases.

Yours faithfully,

David Adamson

Link to this

From: RBNZ Info
Reserve Bank of New Zealand


Kia ora, 

  

Thank you for contacting the Reserve Bank of New Zealand - Te Pūtea
Matua.  

Please note that this is an automatic reply to acknowledge that we have
received your email. We aim to respond to you in 7-14 working days. In the
meantime please read the below for our frequently asked questions. 

 

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See all the Monetary Policy Announcement and Financial Stability Report
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Kind regards | Ngā mihi nui 

 

Reserve Bank of New Zealand – Te Pūtea Matua   

2 The Terrace, Wellington 6011. PO Box 2498, Wellington 6140       

T + 04 471 3660 

E [23][RBNZ request email]   W [24]rbnz.govt.nz 

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From: Ministerial correspondence Mailbox
Reserve Bank of New Zealand


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Dear David,

 

Thank you for your two requests to the Reserve Bank of New Zealand – Te
Pūtea Matua under the Official information Act 1982 (OIA), as follows:

 

1.    Thursday, 24 November 2022 10:44 am

Can you please provide any advice/information produced or received by RBNZ
in the last 3 months on risks to mortgages from OCR increases? This
includes advice/discussion/estimates around the potential strain on
mortgages or risks of forfeiture from OCR increases.

 

2.    Thursday, 24 November 2022 10:39 am

Can you please provide any advice produced or received by RBNZ within the
last 3 months that discusses the risks of OCR increases on mortgages? This
includes discussion or estimates of the levels of strain or risks of
forfeiture for mortgages created by OCR increases.

As your requests are very similar and appear to request the same
information, are you comfortable with us providing one response, to your
request received at 10.44am 24 November 2022?

 

Thank you and kind regards,

 

Ruth

 

 

Ruth Duncan

Senior Advisor

Government and Industry Relations

Reserve Bank of New Zealand – [2]Text Description automatically generated
Te Pūtea Matua
[3]cid:image010.png@01D7593A.4FF7BCD0   
2 The Terrace, Wellington
6011. PO Box 2498, Wellington
6140

W [1]rbnz.govt.nz

 

 

 

 

 

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1. https://www.rbnz.govt.nz/

Link to this

From: David Adamson

Dear Ruth

Yes, please just provide the one response - sending the request twice was an error.

I’ll withdraw the other request.

Yours sincerely,

David Adamson

Link to this

From: Ministerial correspondence Mailbox
Reserve Bank of New Zealand


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Dear David,

 

Official information request for information on the risks to mortgages
from OCR increases.

Thank you for your official information request of 24 November 2022 for:

 

Any advice/information produced or received by RBNZ in the last 3 months
on risks to mortgages from OCR increases?
This includes advice/discussion/estimates around the potential strain on
mortgages or risks of forfeiture from OCR increases.

 

We will endeavour to respond to your request as soon as possible and in
any event no later than 22 December 2022, being 20 working days after the
day of your request. If we are unable to respond to your request by then,
we will notify you of an extension of that timeframe.

 

Charges for providing official information and publishing responses

The Official Information Act allows charges to be imposed for the
preparation of information that we send in response to requests. The
Reserve Bank is resourced to meet disclosure obligations for a reasonable
level of requests and generally will not impose charges for small, simple
or infrequent requests. Where the request is for information that requires
substantial collation, research and preparation work, and is chargeable,
we will work with you first to refine the request to a smaller scale or
scope that is less likely to involve charges.

 

Responses to official information requests are published on the Reserve
Bank’s website. We will confirm in our decision letter to you whether we
intend to publish our response to your request.

 

Further information about charges and publishing responses is available on
our website at
[1]www.rbnz.govt.nz/research-and-publications/official-information-requests.

 

 

Yours sincerely,

 

Marie Ellen

Communications and Engagement Coordinator

Government and Industry Relations

Reserve Bank of New Zealand – [3]Text Description automatically generated
Te Pūtea Matua
[4]cid:image010.png@01D7593A.4FF7BCD0   
2 The Terrace, Wellington
6011. PO Box 2498, Wellington
6140

W [2]rbnz.govt.nz

 

 

From: David Adamson <[5][FOI #21209 email]>
Sent: Thursday, 24 November 2022 11:38 pm
To: Ministerial correspondence Mailbox <[6][email address]>
Subject: Re: FW: Official Information request - Risk of OCR increases on
mortgages

 

Dear Ruth

Yes, please just provide the one response - sending the request twice was
an error.

I’ll withdraw the other request.

Yours sincerely,

David Adamson

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From: Janeca Miranda
Reserve Bank of New Zealand


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Dear David

 

Thank you for your request of 24 November 2022 to the Reserve Bank of New
Zealand – Te Pûtea Matua under the Official Information Act 1982 (OIA), as
follows:

 

Can you please provide any advice/information produced or received by RBNZ
in the last 3 months on risks to mortgages from OCR increases? This
includes advice/discussion/estimates around the potential strain on
mortgages or risks of forfeiture from OCR increases.

I am writing to advise that the RBNZ is extending its timeframe for
response by 20 working days to 10 February 2023.  This is in accordance
with section 15A(1)(b) of the OIA, where the consultations necessary to
make a decision on the request are such that a proper response to the
request cannot reasonably be made within the original time limit.

 

You have the right to seek an investigation and review by the Ombudsman of
this decision. Information about how to make a complaint is available at
[1]www.ombudsman.parliament.nz or freephone 0800 802 602.

 

Best regards,

 

Janeca Miranda

Senior Advisor, Government & Industry Relations

Reserve Bank of New Zealand – Te
Pûtea Matua
[4]cid:image019.png@01D75622.D76B9DF0
2 The Terrace, Wellington 6011.
PO Box 2498, Wellington 6140  

E [5][IMG] [6][IMG] [7][IMG] [8][IMG] [9][IMG]
[2][email address]  
W [3]rbnz.govt.nz

 

 

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7. https://www.youtube.com/user/reservebank...
8. https://www.facebook.com/ReserveBankofNZ
9. https://www.instagram.com/reservebankofnz/

Link to this

From: Ministerial correspondence Mailbox
Reserve Bank of New Zealand


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Attachment OIA 041Decision on Request Adamson pdf.pdf
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Dear David,

 

Please see attached response to your request made under the Official
Information Act.

 

Best,

 

Government & Industry Relations

Reserve Bank of New Zealand – Te
Pūtea Matua
[3]cid:image019.png@01D75622.D76B9DF0
2 The Terrace, Wellington 6011.
PO Box 2498, Wellington 6140  

E [4][IMG] [5][IMG] [6][IMG] [7][IMG] [8][IMG]
[1][email address]  
W [2]rbnz.govt.nz

 

 

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7. https://www.facebook.com/ReserveBankofNZ
8. https://www.instagram.com/reservebankofnz/

Link to this

From: Ministerial correspondence Mailbox
Reserve Bank of New Zealand


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Attachment OIA2223 041 Response letter Adamson.pdf
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Attachment OIA 041 Adamson Documents for release.pdf
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Dear David,

 

Please see attached response in relation to your request made under the
Official Information Act.

 

Best regards,

 

 

Government & Industry Relations

Reserve Bank of New Zealand –
Te Pūtea Matua [2]cid:image019.png@01D75622.D76B9DF0

2 The Terrace, Wellington  
6011. PO Box 2498, Wellington
6140 [3][IMG] [4][IMG] [5][IMG] [6][IMG] [7][IMG]

W [1]rbnz.govt.nz

 

 

References

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6. https://www.facebook.com/ReserveBankofNZ
7. https://www.instagram.com/reservebankofnz/

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