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...

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