The New Zealand Superannuation Fund CEO and future Governor of the Reserve Bank, Adrian Orr, is concerned enough about the rising cost of carbon emissions that he ordered the fund to sell $1 billion worth of carbon emitting assets. Thomas Coughlan reports.
A proposal to place tighter controls on the pay of crown entity chief executives will provide “more teeth” to keep any increases in line with the wider public sector, Prime Minister Jacinda Ardern says.
Finance Minister Grant Robertson expects new Reserve Bank Governor Adrian Orr to review the bank's modelling that currently shows unemployment cannot go any lower without generating an inflation surge. Bernard Hickey reports.
The old guard still running the Reserve Bank are in no mood to cut interest rates, but new Governor Adrian Orr will face pressure from the Government and some economists to cut when he arrives in just over six weeks as inflation remains stubbornly at the bottom end of the bank's target band.
Unemployment's fall to a nine-year low of 4.5 percent begs the question for interest rate setters: has the economy revved so hard that it is about to generate inflation? Bernard Hickey looks under the hood and finds a higher performance engine.
For samplers of Newsroom Pro's daily email, here's our first email of the year, which looked at
In this morning's email, we pointed to Bernard Hickey's profile of Adrian Orr. Also, Sam Sachdeva looked in depth into the debate about China's growing use of 'soft' power in Australia and New Zealand, while David Williams reports on a damning review of the Mackenzie Basin High Country Tenure review.
Adrian Orr worked as a truck driver in his youth growing up among Polynesian families in Taupo and squatted in council flats in London as a student. He's now set to be a fresh type of Reserve Bank Governor. Bernard Hickey reports.
In today's email we profiled the next Reserve Bank Governor, Adrian Orr.
Finance Minister Grant Robertson has accepted a recommendation from the Reserve Bank board that current New Zealand Superannuation Fund Chief Executive Adrian Orr become the next Governor of the Bank when acting Governor Grant Spencer retires at the end of March.