Reserve Bank of New Zealand – Central Bank of the Year 

The Central Bank of the Year award given to the Reserve Bank of New Zealand

RBNZ Chair Comments on Central Bank of the Year Award

The Central Bank of the Year award given to the Reserve Bank of New Zealand is recognition of innovative work undertaken by the Bank to enhance its contribution to the New Zealand economy, Reserve Bank Chair, Dr Rod Carr, said today.

London-based Central Banking Publications (the Central Banking Journal and CentralBanking.com) announced overnight that the Reserve Bank of New Zealand has won its ‘Central Bank of the Year Award’ for 2015.

Dr Carr said that the Board of the Reserve Bank considered it an honour for the Bank to receive the award.

“The Bank has worked towards playing its part in steering the economy on a steady path, through recovery from the Christchurch earthquakes, strong but now moderating terms of trade, and despite house price pressures, a weak international environment, and a high New Zealand dollar. At the same time, it has implemented macro-prudential policy to moderate financial stability pressures from the housing market.

“The Bank has also taken on broader responsibilities for prudential supervision of insurance companies, and has initiated a programme to enhance the security of New Zealand’s banknotes.”

Dr Carr noted that the Bank has sought to broaden its communication and engagement with the community, enhance staff development, refine its governance, and build resilience through adoption of enterprise risk management.

“At a time when we recognise 25 years of inflation targeting, the Bank has shown its ability to keep innovating. The Board of Directors sees this award as validation of that work,” Dr Carr said.

“The Bank continues to evolve in response to changes in the international and domestic environment.”

Source: RBNZ – RBNZ Chair Comments on Central Bank of the Year Award

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