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Robertson's decision to reappoint Adrian Orr last year without bipartisan support has opened the bank up to more political criticism
The Reserve Bank of New Zealand (RBNZ) is facing heightened scrutiny as it works to restore price stability after the chaos of the pandemic and in the run up to a general election. Criticism of the central bank has begun to move beyond economics and into the political realm as inflation has become a key election issue and a political football. The situation has been made worse by a lack of bipartisan support for RBNZ governor Adrian Orr, who was reappointed last year despite opposition from the National and Act parties. While the Minister of Finance formally appoints the Governor, they can only do so if that person ... (full story)