9 Nov 2022

Ex-RBNZ official on Adrian Orr's reappointment

From Morning Report, 8:21 am on 9 November 2022

The Finance Minister, Grant Robertson, has reappointed Adrian Orr as the Reserve Bank's governor for another five year term - drawing the ire of the National Party.

National's finance spokesperson, Nicola Willis, wrote to Mr Robertson two months ago saying the party wouldn't support his reappointment without an independent review of the Bank's performance.

Some financial experts are displeased with the move, with one, Dr Arthur Grimes of Victoria University, declining an interview but saying of Adrian Orr's re-appointment "If at first you don't succeed, try, try, try again."

International financial consultant Geof Mortlock, who was once a senior official at the Reserve Bank, has also been a critic of Mr Orr. 

He spoke to Corin Dann.