Mixed reaction to Adrian Orr reappointment

Mixed reaction to Adrian Orr reappointment
NZ Initiative executive director Oliver Hartwich believes the honourable thing would have been for Reserve Bank governor Adrian Orr to resign. (Image: Getty)
Jenny Ruth
Finance minister Grant Robertson reappointed Reserve Bank governor Adrian Orr for a second five-year term over the objections of the two main opposition parties.Reaction from the wider business community ranged from circumspect to negative. “I don’t think you could print my views,” said NZ Initiative executive director Oliver Hartwich.“The honourable thing would have been for Adrian Orr to resign; that would’ve spared Robertson the choice of having to reappoint him."He said Robertson didn’t have a c...

More Finance

ANZ vows to fight CCCFA class action despite ASB settlement
Finance

ANZ vows to fight CCCFA class action despite ASB settlement

“ANZ NZ will continue to defend its case. Our position hasn’t changed.” 

ASB settles CCCFA class action for hefty $135.6m
Finance

ASB settles CCCFA class action for hefty $135.6m

 It ended a four-year class action centred on disclosure obligations.

Andy Macdonald 07 Oct 2025
ASB pays $135.6m to settle long-running CCCFA class action
Finance

ASB pays $135.6m to settle long-running CCCFA class action

High-street lender ASB has agreed to pay $135.6 million to settle a class action brought against it for alleged breaches of the Credit Contracts and Consumer Finance Act (CCCFA).The settlement – without admission of liability or wrongdoing – concluded four years of legal proceedi...

Staff reporters 07 Oct 2025