World Central Banks
Reserve bank of New Zelandhttps://www.rbnz.govt.nz/
The Reserve Bank of New Zealand (RBNZ) is the Central Bank of New Zealand. It was founded in 1939. It differs from Central Banks of other countries that it is fully owned by the local government.
The RBNZ must issue the national currency, control the foreign exchange reserves, fight against money laundering and fight against financing of terrorism. On a quarterly basis, the Bank collects financial statements from commercial banks of New Zealand.
Moreover, the responsibilities of the Central Bank include regulation of the key interest rate. A new key interest rate is set every 8 years. The key interest rate is used for determination of the interest rate for commercial banks when they deposit their funds or take loans from the Central Bank: -0.25% and +0.25% of the key interest rate, respectively.
0,25 %All rates
|3 Month LIBOR Range
|Overnight Call Rate
|Official Cash Rate
|Overnight Rate Target