Orr says RBNZ still under-resourced, funding model part of second phase of review

Wed, 12 Dec 2018

By Rebecca Howard Dec. 12 (BusinessDesk) - The Reserve Bank continues to be under-resourced, despite paying its third-biggest dividend this year, but the review of the Reserve Bank Act is currently looking at its funding model, governor Adrian Orr says. Currently, the central bank negotiates a budget with the government every five years. "When you look back five years and think about what are the unanticipated things that have happened during that period, it's phenomenal, and that won’t be very different in the next five years," Orr told...

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