New Zealand's Reserve Bank named central bank of the year

Mon, 12 Jan 2015

Jan. 13 (BusinessDesk) - The Reserve Bank of New Zealand's efforts to stifle house price inflation by using new policy tools has seen the institution named Central Bank of the year by Central Banking Publications, a publisher specialising in global central banking practice. The RBNZ was the "stand-out central bank" of 2014 "after successfully using its macro-prudential powers to cool New Zealand's housing market, while becoming the first advanced economy central bank to raise interest rates in the current cycle," CBP chair Christopher Jeffre...

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