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

Visible links
1. https://aus01.safelinks.protection.outlo...
2. https://aus01.safelinks.protection.outlo...
3. https://aus01.safelinks.protection.outlo...
4. https://aus01.safelinks.protection.outlo...
5. https://aus01.safelinks.protection.outlo...
6. https://aus01.safelinks.protection.outlo...
7. https://aus01.safelinks.protection.outlo...
8. https://aus01.safelinks.protection.outlo...
9. https://aus01.safelinks.protection.outlo...
10. https://aus01.safelinks.protection.outlo...
11. mailto:[email address]
12. https://aus01.safelinks.protection.outlo...
13. https://aus01.safelinks.protection.outlo...
14. https://aus01.safelinks.protection.outlo...
15. https://aus01.safelinks.protection.outlo...
16. https://aus01.safelinks.protection.outlo...
17. https://aus01.safelinks.protection.outlo...
18. https://aus01.safelinks.protection.outlo...
19. https://aus01.safelinks.protection.outlo...
20. https://aus01.safelinks.protection.outlo...
21. https://aus01.safelinks.protection.outlo...
22. mailto:[email address]
23. mailto:[RBNZ request email]
24. https://aus01.safelinks.protection.outlo...

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

 

 

 

 

 

References

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

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

-----Original Message-----

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][7]cid:image010.png@01D7593A.4FF7BCD0   
2 The Terrace, Wellington
6011. PO Box 2498, Wellington
6140

W [1]rbnz.govt.nz

 

 

 

 

 

References

Visible links
1. [8]https://www.rbnz.govt.nz/

-------------------------------------------------------------------
Please use this email address for all replies to this request:
[9][FOI #21209 email]

Disclaimer: This message and any reply that you make will be published on
the internet. Our privacy and copyright policies:
[10]https://fyi.org.nz/help/officers

If you find this service useful as an Official Information officer, please
ask your web manager to link to us from your organisation's OIA or LGOIMA
page.

-------------------------------------------------------------------

References

Visible links
1. http://www.rbnz.govt.nz/research-and-pub...
2. https://aus01.safelinks.protection.outlo...
5. mailto:[FOI #21209 email]
6. mailto:[email address]
7. file:///tmp/cid:image010.png@01D7593A.4FF7BCD0
8. https://aus01.safelinks.protection.outlo...
9. mailto:[FOI #21209 email]
10. https://aus01.safelinks.protection.outlo...

hide quoted sections

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

 

 

References

Visible links
1. https://aus01.safelinks.protection.outlo...
2. mailto:[email address]
3. https://www.rbnz.govt.nz/
5. https://nz.linkedin.com/company/reserve-...
6. https://twitter.com/reservebankofnz
7. https://www.youtube.com/user/reservebank...
8. https://www.facebook.com/ReserveBankofNZ
9. https://www.instagram.com/reservebankofnz/

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

 

 

References

Visible links
1. mailto:[email address]
2. https://www.rbnz.govt.nz/
4. https://nz.linkedin.com/company/reserve-...
5. https://twitter.com/reservebankofnz
6. https://www.youtube.com/user/reservebank...
7. https://www.facebook.com/ReserveBankofNZ
8. https://www.instagram.com/reservebankofnz/

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

Visible links
1. https://www.rbnz.govt.nz/
3. https://nz.linkedin.com/company/reserve-...
4. https://twitter.com/reservebankofnz
5. https://www.youtube.com/user/reservebank...
6. https://www.facebook.com/ReserveBankofNZ
7. https://www.instagram.com/reservebankofnz/