Taxpayers’ Union welcomes new Reserve Bank Governor, calls for end to Orr-era excess

The New Zealand Taxpayers’ Union welcomes the appointment of Dr Anna Breman as Governor of the Reserve Bank of New Zealand and is urging her to rein in the waste and empire-building that flourished under Adrian Orr.

Taxpayers’ Union spokesperson, Tory Relf, said:

"New Zealanders deserve a Reserve Bank that is focused on its core mission of economic prosperity, not one that bloats itself with bureaucrats and pet projects. Under Adrian Orr, staffing numbers ballooned to two and a half times what they were in 2018. That growth is completely out of step with the Bank’s responsibilities, and taxpayers are footing the bill."

"Dr Breman has an opportunity to restore discipline and credibility to the Reserve Bank. That means pulling back from the excesses of the Orr era and ensuring resources are tightly focused on delivering monetary stability for New Zealand households and businesses."

"We urge Dr Breman to draw a line under the empire-building and chaos of the past six years and bring the Reserve Bank back to basics."