Social impact of high unemployment as opposed to high inflationb
Brendon Mills made this Official Information request to Reserve Bank of New Zealand
Response to this request is long overdue. By law Reserve Bank of New Zealand should have responded by now (details and exceptions). The requester can complain to the Ombudsman.
From: Brendon Mills
Dear Reserve Bank of New Zealand,
I would like to know whether you have considered the impact of high unemployment on NZ society, esp among Maori, youth, etc and considered it to be just as adverse as high inflation.
Yours faithfully,
Brendon Mills
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.
Upcoming Monetary Policy Announcements
See all the Monetary Policy Announcement and Financial Stability Report
dates for 2022/2023 [1]here.
Money & Cash
* [2]Returning old or damaged currency
* [3]The Future of Cash
* [4]Security and counterfeit detection
* [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.
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:
* [6]Operating monetary policy to maintain low and stable inflation and
contribute to maximum sustainable employment
* [7]Promoting a sound and efficient financial system
* [8]Meeting the public’s cash needs
* [9]Overseeing effective payments systems
Statistics
For any queries or clarifications on the [10]data and statistics we
publish, please email [11][email address].
Firms we regulate
The Reserve Bank is the prudential regulator of banks, insurers, and
non-bank deposit takers (NBDTs).
* [12]List of registered banks in New Zealand
* [13]List of licensed insurers
* [14]Register of licensed NBDTs
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 [15]Banking Ombudsman,
the [16]Insurance and Financial Services Ombudsman, or the [17]Financial
Markets Authority.
Looking for information about the strength of the financial system?
Check out our [18]Bank Financial Strength Dashboard. You can also read our
regular assessments of the economy and the financial system:
* [19]Monetary Policy Statement
* [20]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 [21]Kōrero webpage for more information on the
programme. To request a speaker, please email [22][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 [23][RBNZ request email] W [24]rbnz.govt.nz
References
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22. mailto:[email address]
23. mailto:[RBNZ request email]
24. https://aus01.safelinks.protection.outlo...
From: Brendon Mills
Dear Reserve Bank of New Zealand,
Can we please have an update on this request. We have a right to know if the RBNZ knows that people are going to be adversley affected by interest rate hikes -- ie do you really think that having to pay $2 more for a latte is better than having to pay $200 more on weekly mortage repayments?
Yours faithfully,
Brendon Mills
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 14-21 working days. In
the meantime please read the below for our frequently asked questions.
Upcoming Monetary Policy Announcements
See all the Monetary Policy Announcement and Financial Stability Report
dates for 2023/2024 [1]here.
Money & Cash
* [2]Returning old or damaged currency
* [3]The Future of Cash
* [4]Security and counterfeit detection
* [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.
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:
o [6]Operating monetary policy to maintain low and stable inflation and
contribute to maximum sustainable employment
o [7]Promoting a sound and efficient financial system
o [8]Meeting the public’s cash needs
o [9]Overseeing effective payments systems
Statistics
For any queries or clarifications on the [10]data and statistics we
publish, please email [11][email address].
Firms we regulate
The Reserve Bank is the prudential regulator of banks, insurers, and
non-bank deposit takers (NBDTs).
o [12]List of registered banks in New Zealand
o [13]List of licensed insurers
o [14]Register of licensed NBDTs
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 [15]Banking Ombudsman,
the [16]Insurance and Financial Services Ombudsman, or the [17]Financial
Markets Authority.
Looking for information about the strength of the financial system?
Check out our [18]Bank Financial Strength Dashboard. You can also read our
regular assessments of the economy and the financial system:
o [19]Monetary Policy Statement
o [20]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 [21]Kōrero webpage for more information on the
programme. To request a speaker, please email [22][email address].
We’ll be in touch as soon as possible.
Kia ora,
Thank you for contacting the Reserve Bank of New Zealand - Te Pūtea
Matua.
Please note that we are operating with a reduced team during the Christmas
and New Year period. We will aim to respond to you as soon as possible in
early 2023. 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 2023/2024 [23]here.
Money & Cash
* [24]Returning old or damaged currency
* [25]The Future of Cash
* [26]Security and counterfeit detection
* [27]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.
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:
o [28]Operating monetary policy to maintain low and stable inflation and
contribute to maximum sustainable employment
o [29]Promoting a sound and efficient financial system
o [30]Meeting the public’s cash needs
o [31]Overseeing effective payments systems
Statistics
For any queries or clarifications on the [32]data and statistics we
publish, please email [33][email address].
Firms we regulate
The Reserve Bank is the prudential regulator of banks, insurers, and
non-bank deposit takers (NBDTs).
o [34]List of registered banks in New Zealand
o [35]List of licensed insurers
o [36]Register of licensed NBDTs
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 [37]Banking Ombudsman,
the [38]Insurance and Financial Services Ombudsman, or the [39]Financial
Markets Authority.
Looking for information about the strength of the financial system?
Check out our [40]Bank Financial Strength Dashboard. You can also read our
regular assessments of the economy and the financial system:
o [41]Monetary Policy Statement
o [42]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 [43]Kōrero webpage for more information on the
programme. To request a speaker, please email [44][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 [45][RBNZ request email] W [46]rbnz.govt.nz
References
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45. mailto:[RBNZ request email]
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