Adrian Orr’s exit deal imposed gag on mutual criticism with Reserve Bank

Former RBNZ governor Adrian Orr abruptly resigned last March. (Image: NZME)

Wed, 08 Oct 2025

Former Reserve Bank of New Zealand Governor Adrian Orr’s exit deal barred Orr and the bank from any mutual “disparagement”. “The RBNZ [including board and its individual members] will not disparage Mr Orr, and Mr Orr will not disparage the RBNZ, its board, individual members of the board, the Treasury, the Minister of Finance or the Government generally,” according to the terms of his exit agreement released by the Reserve Bank of NZ (RBNZ) late Tuesday. Orr abruptly resigned in March over a funding...

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