RBNZ headcount rises, Adrian Orr gets restraint of trade payment

RBNZ headcount rises, Adrian Orr gets restraint of trade payment
Adrian Orr’s remuneration for the July 1, 2024, to March 31, 2025, period was $1,182,300. That included a $416,120 restraint of trade payment due this month. (Image: NZME)
Rebecca Howard
 Staff expenses at the Reserve Bank of New Zealand jumped 24% in the year to June 30 and numbers continued to climb, while former governor Adrian Orr cashed in on a restraint of trade payment. The bank’s operating revenue was $987 million while total expenses were $231m, up from $182 million in the prior year, it said.Staff expenses were $117m versus $94m in the prior year.               As at June 30, it had 625.1 fulltime equivalent positions versus 601.3 in the prior year and 411 in the...

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