New MPS committee reduces risk of a feral Reserve Bank governor: Orr

Thu, 14 Feb 2019

By Jenny Ruth Feb. 14 (BusinessDesk) - Reserve Bank governor Adrian Orr says the new “remit” for the monetary policy committee that will replace the governor as the central bank’s sole decision maker will reduce “the risk of a governor going feral”. This morning, Orr and Finance Minister Grant Robertson signed the new remit, which comes into effect from April 1 and will govern the writing of the next monetary policy statement due on May 8. It is essentially unchanged from the Policy Targets Agreement Orr and Robertson signed when Orr t...

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