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;
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With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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/f049bf94-4b3b-4831-97b0-b2f900616768/transcript

King Charles III is set to visit the US, despite growing calls to postpone the trip following Trump’s repeated criticism of Sir Keir Starmer.

The US President said he was 'looking forward' to meeting with Charles - and the visit has been confirmed to go ahead amid the ongoing UK backlash directed at Trump. 

UK correspondent Enda Brady says the trip will last four days, and Charles will visit Washington DC, New York and an unspecified rural part of America.

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King Charles III is set to visit the US, despite growing calls to postpone the trip following Trump’s repeated criticism of Sir Keir Starmer.
The US President said he was 'looking forward' to meeting with Charles - and the visit has been confirmed to go ahead amid the ongoing UK backlash directed at Trump.&nbsp;
UK correspondent Enda Brady says the trip will last four days, and Charles will visit Washington DC, New York and an unspecified rural part of America.
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Enda Brady: UK correspondent on King Charles' planned visit to the US

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/dbb97408-a48d-4bf3-a714-b4120076a904/transcript

The US Federal Reserve has raised its inflation forecast as it held interest rates steady, citing an 'uncertain' economic outlook because of the war in Iran.

Rates were kept steady at a range of 3.50 percent to 3.75 percent, with officials flagging one expected cut by the end of the year.

Fisher Funds expert Sam Dickie explained further.

LISTEN ABOVE

The US Federal Reserve has raised its inflation forecast as it held interest rates steady, citing an 'uncertain' economic outlook because of the war in Iran.
Rates were kept steady at a range of 3.50 percent to 3.75 percent, with officials flagging one expected cut by the end of the year.
Fisher Funds expert Sam Dickie explained further.
LISTEN ABOVE

Sam Dickie: Fisher Funds expert on the US Federal Reserve raising inflation outlook over 'uncertain' Iran war impact

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d10432cc-0184-4249-b42c-b41200739723/transcript

Tonight on The Huddle, Auckland councillor Maurice Williamson and artist and local Government politician Oscar Kightley joined in on a discussion about the following issues of the day - and more!

Originair says it's already had to reduce flights between Westport and Wellington - and the route's now set to be axed by May. Do we think this is the right move? Should we try to fund it?

The Government says it's working to find a solution as the Middle East conflict looks to impact fuel supplies and make prices go up. What do we make of this? Why has the Government's tone changed? 

Stats NZ data out today has GDP rising 0.2 percent in the December quarter and 0.9 percent in the September quarter, after contracting in the three months to June. This isn't what economists were hoping for - do we think things will get better? 

LISTEN ABOVE

Tonight on The Huddle, Auckland councillor Maurice Williamson and artist and local Government politician Oscar Kightley joined in on a discussion about the following issues of the day - and more!
Originair says it's already had to reduce flights between Westport and Wellington - and the route's now set to be axed by May. Do we think this is the right move? Should we try to fund it?
The Government says it's working to find a solution as the Middle East conflict looks to impact fuel supplies and make prices go up. What do we make of this? Why has the Government's tone changed?&nbsp;
Stats NZ data out today has GDP rising 0.2 percent in the December quarter and 0.9 percent in the September quarter, after contracting in the three months to June. This isn't what economists were hoping for - do we think things will get better?&nbsp;
LISTEN ABOVE

The Huddle: Do we need to give Originair more funding?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9e687aa6-c691-4cdc-a2cf-b41200705684/transcript

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

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