Orr may break central banker mould, bringing Boris Johnson-like wit, spontaneity to RBNZ

Thu, 22 Mar 2018

By Rebecca Howard March 22 (BusinessDesk) - Adrian Orr will have a new operating mandate when he starts as Reserve Bank governor next week and analysts say he may break the mould of a staid central banker, even if it isn't clear if he's a hawk or a dove. Orr, who comes to the role after 10 years as head of the New Zealand Superannuation Fund, will have a new policy targets agreement (PTA) that is expected to change the central bank’s long-held exclusive focus on inflation targeting to include an employment objective. Currently, the cen...

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