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