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 14-21 working days. In
the meantime please read our frequently asked questions below. 

 

Upcoming Monetary Policy Announcements  

See all the Monetary Policy Announcement and Financial Stability Report
dates for 2024 [1]here.  

 

Money & Cash  

o [2]Returning old or damaged currency 
o [3]The Future of Cash  
o [4]Security and counterfeit detection 
o [5]Using images of currency   

Banknote or coin suggestions   
If your email is offering suggestions related to banknote or coin designs
then it will be kept for review as part of any future work in this area.  

Digital currency consultation

We are continuing to explore a digital currency or "digital cash" for New
Zealand. Consultation is now open. You can respond to our [6]survey or
make a [7]submission. Check out our [8]Digital Cash webpage to learn more
– watch our video, read user stories, and find out when public webinars
are on.

Who we are and what we do  
We are kaitiaki (guardians) of New Zealand’s financial ecosystem, working
to fulfil our purpose of Toitu te Ōhanga, Toitu te Oranga (enabling the
prosperity and wellbeing of all New Zealanders). We deliver on our mandate
by: 

* [9]Operating monetary policy to maintain low and stable inflation  
* [10]Promoting a sound and efficient financial system 
* [11]Meeting the public’s cash needs 
* [12]Overseeing effective payments systems 

Statistics  
For any queries or clarifications on the [13]data and statistics we
publish, please email [14][email address].  

Firms we regulate  
The Reserve Bank is the prudential regulator of banks, insurers, and
non-bank deposit takers (NBDTs).  

o [15]List of registered banks in New Zealand 
o [16]List of licensed insurers  
o [17]Register of licensed NBDTs 

Deposit Takers Act

The Deposit Takers Act will protect deposits through the Depositor
Compensation Scheme, and increase the stability of our financial system.
You can find more information on our [18]website. Sign up to our regular
newsletter [19]Deposit Takers News which you can subscribe to [20]here
under the Deposit Takers category.

Complaints about banks, insurers, and NBDTs 
If you have a complaint, please deal directly with your bank or insurer in
the first instance. You can also contact the [21]Banking Ombudsman,
the [22]Insurance and Financial Services Ombudsman, or the [23]Financial
Markets Authority. 

Looking for information about the strength of the financial system?  
Check out our [24]Bank Financial Strength Dashboard. You can also read our
regular assessments of the economy and the financial system: 

o [25]Monetary Policy Statement 
o [26]Financial Stability Report  

Please note that the Reserve Bank is not authorised to give legal or
financial advice. Please contact a lawyer or a financial adviser
instead.  

Kōrero – our speaking and engagement programme 
Reserve Bank staff meet and speak with a wide range of businesses,
industry forums, community groups, schools and universities. These
engagements are welcome opportunities to discuss topical issues and
policies, hear people’s experiences and answer questions.  

Please check out the [27]Kōrero webpage for more information on the
programme. To request a speaker, please email [28][email address].  

We’ll be in touch as soon as possible. 

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 [29][RBNZ request email]   W [30]rbnz.govt.nz  

 

 

 

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15/05/2024

 

 

Sarah Allison

[1][FOI #26793 email]

 

 

Dear Sarah

 

Official information request for information on interest rates

Thank you for your official information request of 14/05/2024 for:

 

Has the Bank produced any insights (or reports, modelling, analysis) into
the impact of higher interest rates on those who hold financial assets
(including bank deposits)? Have higher interest rates seen those with
assets benefit? To what extent?

 

We will endeavour to respond to your request as soon as possible and in
any event no later than 12/06/2024, 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
[2]www.rbnz.govt.nz/research-and-publications/official-information-requests.

 

 

Yours sincerely

Government and Industry Relations Team

  Reserve Bank of New Zealand –
Te Pūtea Matua

2 The Terrace, Wellington 6011.  
PO Box 2498, Wellington 6140
[5][IMG] [6][IMG] [7][IMG] [8][IMG] [9][IMG]
E
[3][email address]  
W [4]rbnz.govt.nz

 

 

 

 

 

This message (and any files transmitted with it) are confidential and may
be legally privileged. If you are not the intended recipient please notify
the sender immediately and delete this message from your system.

This message does not necessarily reflect the views of the Reserve Bank of
New Zealand. If the recipient has any concerns about the content of this
message they should seek alternative confirmation from the Reserve Bank of
New Zealand.

References

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1. mailto:[FOI #26793 email]
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Dear Sarah,

 

Thank you again for your below request to the Reserve Bank of New Zealand
– Te Pūtea Matua under the Official Information Act 1982 (OIA).

 

We wish to work with you to refine your request, as in its current form it
may be considered for refusal under section 18(f) of the OIA, due to
concerns that the information requested cannot be made available without
substantial collation or research.

 

We would like to suggest that you add a timeframe to your request, as per
the bolded text below:

 

Has the Bank produced any insights (or reports, modelling, analysis) since
November 2021 into the impact of higher interest rates on those who hold
financial assets (including bank deposits)? Have higher interest rates
seen those with assets benefit? To what extent?

 

November 2021 was the first Official Cash Rate (OCR) increase in New
Zealand after the beginning of the COVID-19 pandemic. You can widen this
date should you wish to, and we can engage further if we foresee any
concerns in responding to you as soon as practicable.

 

Thank you and kind regards,

 

 

Government and Industry Relations

Reserve Bank of New Zealand – Te Pūtea [2]Text Description automatically
Matua generated

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

W [1]rbnz.govt.nz

 

 

 

 

 

From: Ministerial correspondence Mailbox <[email address]>
Sent: Wednesday, May 15, 2024 4:34 PM
To: [FOI #26793 email]
Cc: Ministerial correspondence Mailbox <[email address]>
Subject: Acknowledgement of OIA request

 

15/05/2024

 

 

Sarah Allison

[3][FOI #26793 email]

 

 

Dear Sarah

 

Official information request for information on interest rates

Thank you for your official information request of 14/05/2024 for:

 

Has the Bank produced any insights (or reports, modelling, analysis) into
the impact of higher interest rates on those who hold financial assets
(including bank deposits)? Have higher interest rates seen those with
assets benefit? To what extent?

 

We will endeavour to respond to your request as soon as possible and in
any event no later than 12/06/2024, 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
[4]www.rbnz.govt.nz/research-and-publications/official-information-requests.

 

 

Yours sincerely

Government and Industry Relations Team

  Reserve Bank of New Zealand –
Te Pūtea Matua

2 The Terrace, Wellington 6011.  
PO Box 2498, Wellington 6140
[7][IMG] [8][IMG] [9][IMG] [10][IMG] [11][IMG]
E
[5][email address]  
W [6]rbnz.govt.nz

 

 

 

 

 

This message (and any files transmitted with it) are confidential and may
be legally privileged. If you are not the intended recipient please notify
the sender immediately and delete this message from your system.

This message does not necessarily reflect the views of the Reserve Bank of
New Zealand. If the recipient has any concerns about the content of this
message they should seek alternative confirmation from the Reserve Bank of
New Zealand.

References

Visible links
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3. mailto:[FOI #26793 email]
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5. mailto:[email address]
6. https://www.rbnz.govt.nz/
7. https://nz.linkedin.com/company/reserve-...
8. https://twitter.com/reservebankofnz
9. https://www.youtube.com/user/reservebank...
10. https://www.facebook.com/ReserveBankofNZ
11. https://www.instagram.com/reservebankofnz/

Dear Sarah,

 

Thank you for your response and for refining your request. Please note
that the timeframe for our response to you has reset to 22 June 2024, as
provided for under section 15(1AA) of the Official Information Act 1982.

 

Thank you and kind regards,

 

Government and Industry Relations

Reserve Bank of New Zealand – Te Pūtea Matua [3]Text Description
automatically generated
2 The Terrace, Wellington 6011. PO Box 2498,
Wellington 6140    

E [1][email address]   W
[2]rbnz.govt.nz

 

 

 

From: Sarah Allison <[4][FOI #26793 email]>
Sent: Tuesday, May 21, 2024 10:57 PM
To: Ministerial correspondence Mailbox <[5][email address]>
Subject: Re: OIA request - refinement required

 

Dear Ministerial correspondence Mailbox,

Thank you kindly for your email and for the suggestion of limiting the
request to November 2021 through till present. I accept this suggestion,
please consider my request updated accordingly.

Yours sincerely,

Sarah Allison

show quoted sections

Apologies Sarah, the reset due date is 20 June 2024, not 22 June 2024.

 

From: Ministerial correspondence Mailbox
Sent: Monday, May 27, 2024 10:42 AM
To: [FOI #26793 email]
Subject: RE: OIA request - refinement required

 

Dear Sarah,

 

Thank you for your response and for refining your request. Please note
that the timeframe for our response to you has reset to 22 June 2024, as
provided for under section 15(1AA) of the Official Information Act 1982.

 

Thank you and kind regards,

 

Government and Industry Relations

Reserve Bank of New Zealand – Te Pūtea Matua [3]Text Description
automatically generated
2 The Terrace, Wellington 6011. PO Box 2498,
Wellington 6140    

E [1][email address]   W
[2]rbnz.govt.nz

 

 

 

From: Sarah Allison <[4][FOI #26793 email]>
Sent: Tuesday, May 21, 2024 10:57 PM
To: Ministerial correspondence Mailbox <[5][email address]>
Subject: Re: OIA request - refinement required

 

Dear Ministerial correspondence Mailbox,

Thank you kindly for your email and for the suggestion of limiting the
request to November 2021 through till present. I accept this suggestion,
please consider my request updated accordingly.

Yours sincerely,

Sarah Allison

show quoted sections