The comments on Reserve Bank of New Zealand independence from Governor Orr are here earlier:

Here is the link to the article written by Business NZ chief executive Kirk Hope that orr responded to:

  • By advocating policies outside of monetary policy, the Reserve Bank risks creating the impression that the boundaries between Reserve Bank policy and Government policy are indistinct.
  • Business confidence would be better supported if the Reserve Bank focused on a conservative, principles-based, no-surprises approach to monetary policy.