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Adrian Orr reappointed as Reserve Bank Governor

Adrian Orr news

“Following the Reserve Bank Board’s unanimous recommendation to me, I am pleased to reappoint Adrian for another five-year term, effective from 27 March 2023,” Grant Robertson said.

“The Reserve Bank has been undergoing a considerable period of change since Adrian’s appointment in 2018. The Reserve Bank of New Zealand Act 2021 came into force in July this year and has changed how the Bank operates and is governed. This has led to considerable change in the Bank’s strategy, people and culture.

“As the Governor, Mr Orr has been instrumental in leading this change and his reappointment will allow him to carry on and ensure these changes are bedded in.

“In light of global conditions, this is also a time when stability and continuity are paramount for the Bank.

Under the Reserve Bank Act, the Bank’s main objectives are to achieve and maintain stability in the general level of prices over the medium term, support maximum sustainable employment, protect and promote the stability of New Zealand’s financial system.

“Adrian has demonstrated the skills, knowledge and experience to help steer the financial system through the 1-in-100 year economic shock of the pandemic. I am happy to endorse the recommendation of the Board. I have full confidence that he will continue to display the same integrity and leadership in performing his duties as Governor in what is still a challenging environment.” Grant Robertson said.

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6 COMMENTS

  1. He met Fed Chairman very recently. Globalists are happy with him; so the renewal of contract for another five years is now done. Orr will finish of the transfer of NZ financial and economic sovereignty to Globalists. Most US cities are now facing homelessness at an unprecedented level. Interest rate hikes are going to be haunting is soon and homelessness and child poverty will increase here as well. All the MSM media will shift the narrative. Kiwis are poor in personal finances; they take excessive risks; financial literacy must be introduced at schools; also publish opinions that you hold on to housing investment and it will pay off etc. Jacinda will be gone when the worst crisis occurs on the housing front and will criticise Luxon for not supporting hard working kiwi families and accuse him of beneficiary bashing etc. Record player will play again.

  2. This gutless irresponsible fool is like a possum in the headlights. He’s failed New Zealand and they give him his job for another 5 years? No wonder this country is a mess. Bring back Brash!

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