This Month
Inside the sudden exit of a central bank governor
The aggressively nationalist Kiwi central bank boss Adrian Orr deliberately pushed New Zealand into recession. Australian bankers hope his sudden exit will give them some relief.
Feud over Australian banks a factor in RBNZ governor’s abrupt exit
Adrian Orr had been concerned that in the event of a financial calamity, Australian lenders – by far the dominant banks in New Zealand – would retreat back home.
NZ Reserve Bank governor resigns as nation tries to shake off recession
The Reserve Bank of New Zealand was unable to explain why Adrian Orr abruptly quit on Wednesday in Wellington with three years still to run in his second five-year term.
May 2024
Kiwis outplay Aussies in monetary policy game
The New Zealand central bank has given its Australian equivalent a dancing lesson in political independence.
November 2022
Grumpy RBNZ governor deals a blow to Jacinda Ardern’s chances
The Reserve Bank of New Zealand made life tougher for Jacinda Ardern, heading into an election year, by raising interest rates by the most in the bank’s history.
RBNZ’s Orr reappointed for a second five-year term
Adrian Orr’s second term will begin in a politically charged year, with a general election due to be held in late 2023.
August 2022
RBNZ lifts forecast for peak cash rate to 4.1pc
The RBNZ delivered its fourth consecutive half a percentage point rate rise, lifting the cash rate to 3 per cent and forecasting a peak rate of 4.1 per cent.
May 2022
Shock and Orr: Why the RBNZ has no regrets raising rates
The message from New Zealand is that central banks may be prepared to inflict more pain on borrowers than we appreciate.
May 2021
RBNZ calls ‘time’ on pandemic policy rates
New Zealand’s central bank projects that its cash rate will start to rise in the second half of 2022, in a more hawkish account of the outlook than the market anticipated.
February 2021
No ‘silver bullet’ on housing market, admits RBNZ
Top Reserve Bank of New Zealand officials say there isn’t a ‘silver bullet’ for the housing market, as they try to put out the flames ignited by emergency monetary and fiscal policy.
January 2021
New Zealand central bank investigating hacking incident
RBNZ takes systems offline after the 'illegal access' of a third-party file sharing service may have exposed personal and commercial information to theft.
December 2020
RBNZ's Adrian Orr thinking 'very hard' about racing NZ house prices
Mr Orr was delivering the virtual 2020 Sir Leslie Melville Lecture hosted by Canberra's ANU on Wednesday evening.
November 2020
The RBNZ has shredded its credibility
The Reserve Bank of New Zealand has authored the most activist monetary policy on the planet, while ignoring the facts on the ground.
May 2020
RBNZ puts its credibility on the line
Policy divergence between the RBA and RBNZ is set to weigh on otherwise resurgent trans-Tasman relations. But for Australia, the RBNZ’s activism is more of a headache than anything else.
New Zealand readies banks for negative rates
Australia’s big four banks are discussing preparations for negative interest rates with the Reserve Bank of New Zealand.
December 2019
RBNZ governor Adrian Orr has a change of heart
Described during the year as defensive, confrontational and nationalistic, the New Zealand central bank boss has shown himself to be open to compromise.
November 2019
RBNZ is not afraid to stare down markets
New Zealand's central bank surprised investors by holding interest rates at an all-time low of 1 per cent on Wednesday saying it saw no urgency to ease policy further, sending the kiwi dollar sharply higher.
August 2019
The full interview with RBNZ governor Adrian Orr
US correspondent Jacob Greber caught up with RBNZ governor Adrian Orr about interest rates, inflation and bank capital on the sidelines at Jackson Hole.