A former Reserve Bank economist is calling out his former employers' lack of transparency.

The bank today revealed Adrian Orr quit as Governor in March, when the five-year funding for the RBNZ was much less than anticipated. 

Michael Reddell says the bank waited far too long to say why Orr left so abruptly.  

"It's just extraordinary - maybe they couldn't tell us the full story on the day, but the new Reserve Bank funding agreement was published on the 16th of April. There's absolutely no excuse at this point for lack of clarity." 

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A former Reserve Bank economist is calling out his former employers' lack of transparency.
The bank today revealed Adrian Orr quit as Governor in March, when the five-year funding for the RBNZ was much less than anticipated.&nbsp;
Michael Reddell says the bank waited far too long to say why Orr left so abruptly. &nbsp;
"It's just extraordinary - maybe they couldn't tell us the full story on the day, but the new Reserve Bank funding agreement was published on the 16th of April. There's absolutely no excuse at this point for lack of clarity."&nbsp;
LISTEN ABOVE

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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Michael Reddell: former Reserve Bank economist on the new reports revealing why Adrian Orr left the RBNZ

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f316a061-9c54-451c-b603-b2f900616858/transcript