RBNZ’s Orr suggests rampant inflation not his fault

RBNZ’s Orr suggests rampant inflation not his fault
Governor Adrian Orr said NZ should be “very proud” of its resilient financial system. (Image: NZME)
Jenny Ruth
Reserve Bank governor Adrian Orr came under fire from various members of parliament’s finance and expenditure committee but either batted away their questions or justified the central bank’s failure to control inflation by saying it was caused by events beyond its control.Even before questioning began, Orr asserted the Reserve Bank’s lack of culpability for the consumer price index reaching 7.2% in the year ended September.“We would’ve had to predict the 2022 Russian invasion of Ukraine in early 2020” to have...

More Finance

Todd Corporation: the reset
Finance

Todd Corporation: the reset

Legacy gas assets will give way to a focus on solar electricity generation.

Pattrick Smellie 13 Dec 2024
Kiwibank won't bring banking Revolut-ion
Finance

Kiwibank won't bring banking Revolut-ion

Forget Kiwibank. Revolut is the force big banks will have to reckon with, expert says.

FMA to oversee ‘regulatory sandbox’ for fintechs
Finance

FMA to oversee ‘regulatory sandbox’ for fintechs

The initiative aims to speed up financial services innovation and regulation in NZ.

Ben Moore 12 Dec 2024
Todd Corp: what went wrong?
Finance

Todd Corp: what went wrong?

A dividend freeze as the family empire rebuilds for the future.

Pattrick Smellie 12 Dec 2024