Finance

Former central banker slams Adrian Orr's 'dancing with forest fairies'

Jenny Ruth
Tue, 21 Jun 2022

Former central banker slams Adrian Orr's 'dancing with forest fairies'

Former central banker Geof Mortlock said RBNZ should focus on core responsibilities. (Image: ICNZ)

Jenny Ruth
Tue, 21 Jun 2022

Reserve Bank governor Adrian Orr is performing an increasingly political role, risking the credibility of the central bank and hurting rather than helping the New Zealand economy, according to former central banker Geof Mortlock.In an open letter to finance minister Grant Robertson and RBNZ chair Neil Quigley, Mortlock particularly takes issue with Orr’s “favourite theme of portraying the RBNZ as the Tāne Mahuta of the financial landscape”.Mortlock, who spent 24 years at RBNZ through to 2007 and five years at the Australian Pr...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News via email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Media

Discovery NZ slumps to $34m loss in 2021

Daniel Dunkley | Thu, 30 Jun 2022

The broadcaster, part of US giant Warner Bros. Discovery, recorded the heavy loss after racking up a larger wage bill.

Markets

BusinessDesk owner NZME hits 100,000 digital subscriptions

Oliver Lewis | Thu, 30 Jun 2022

The owner of BusinessDesk has hit a new high, with even more customers choosing to subscribe.

Energy

High power prices in NZ – what's the 'new normal'?

Ian Llewellyn | Thu, 30 Jun 2022

Indonesian coal prices are now one of the main drivers of wholesale electricity prices in NZ.

Former central banker slams Adrian Orr's 'dancing with forest fairies'

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team