7 Oct 2019

Reserve Bank head criticised for shocking the market

From Morning Report, 7:23 am on 7 October 2019

Adrian Orr's leadership style at the Reserve Bank is under fire from an economics professor who says the governor's desire to court celebrity status by shocking the markets will damage confidence in the economy. Robert MacCulloch, the Professor of Macroeconomics at Auckland University, also says the central bank now lacks intellectual fire-power and that much of the senior talent has walked out the door.