Azaria Howell: Newstalk ZB reporter on the Government promising to confirm a new Reserve Bank Governor

Speculation is building on who'll be the next Governor of the Reserve Bank, and the Government is due to make an announcement tomorrow.

A source has told Bloomberg the new Governor is a woman - and is from overseas.

Speculation has centred on the Bank of England's Sarah Breerdon.

Newstalk ZB reporter Azaria Howell speculates ahead of the big announcement. 

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Episode Transcript

Speaker 1 (00:00):
Is a house with US politics.

Speaker 2 (00:01):
Hey Isarion?

Speaker 1 (00:03):
Hello?

Speaker 2 (00:03):
Hello?

Speaker 1 (00:03):
A lot of talk around town, a lot of speculation
about this new Reserve Bank governor. What do we know? Yeah,
I've got a big update for you. It's understood that
an announcement is being made tomorrow on this. This is
a massive deal and it comes after Adrian Orr resigned
in March and Neil quickly resigned last month. So this
topic has been well traversed. Lots of discussion about why

(00:24):
some details were seemingly left out of information releases, quite
a lot as well of speculation in the background of
this one. Christian Hawksby has been the acting governor of
the Reserve Bank during this time, and financial business company
Bloomberg is reporting that a woman may be appointed to
the Central Bank's top role. Now that would actually be
the first time a woman is appointed to lead New

(00:46):
Zealand's central bank. Bloomberg also reporting there the new governor
is not someone from New Zealand. The Herald Liam dan
as Well reports that Bank of England Deputy Governor Sarah
Breeden is being tipped as one of the top women
for the job. So yes, it has understood an announcement
is taking place tomorrow will be across all the big updates.
It will be a huge deal and hopefully the end

(01:09):
of a rocky period for the Reserve Bank. So really
looking forward to that announcement. New Zealand First. We'll talk
to Shane Jones after five. But they're invoking the agree
to disagree. This is over the latest immigration policy from
the coalition. Yeah, it essentially means New Zealand First has
drawn a line in the sand here. So just going
into the policy, the Finance Minister and Immigration Minister have

(01:31):
announced changes to the skilled migrant visa. They're putting in
place two new residence pathways from mid next year. One
of them is in skilled work and another categorized for
trades and technicians. New Zealand First leader Winston Peters Well,
he's spoken to media from New York. He's there for
the UN and he's essentially calling for the country to
get on top of its skills and training as a

(01:52):
first point of call.

Speaker 3 (01:53):
Zild First has that position and we've always said that
we should skill and train our own people first.

Speaker 1 (01:59):
N ZE First has said, quote, while we recognize the
importance of retaining some critical workers, we have serious concerns
about what they call an unfocused immigration proposal. Here's Nikola
Willis on.

Speaker 3 (02:10):
The thing, and so we don't think that this presents
the risks or dangers that New Zealand First may perceive.

Speaker 1 (02:17):
So the Finance and Economic Growth Minister, they're highlighting the disagreement.
She says, they've designed the pathway to be really narrow
and she's not too concerned about that agree to disagree clause.

Speaker 3 (02:27):
This just reflects stable coalition management, which is from time
to time parties have slightly different perspectives on issues.

Speaker 1 (02:35):
So Nicola Willis and the Immigration Minister are both pointing
to the policy is something that will benefit economic growth
and Immigration Minister Erica Stanford has also confirmed that exclusions
will apply. She says the government has been very targeted
and very selected in this.

Speaker 2 (02:50):
It will attract migrants to come to New Zealand knowing
that they've got a pathway, but remembering that they can't
come unless they have a job offer that has been
fully tested in New Zealand to make sure it wasn't
a key we available to do.

Speaker 1 (03:01):
The job and looking at the bigger picture. Immigration has
been a huge topic for New Zealand First for quite
some time. It was discussed a whole lot at the
party's conference which I was reporting at. It does seem
to be a bit of a point of difference between
the parties and the coalition, so I'm sure there'll be
more to come from this.

Speaker 4 (03:18):
Absolutely. Hey, what do we know.

Speaker 1 (03:20):
What's the big takeaway from this sick leave, annual leave,
big pay debicle thing that's happened that Brook van Velden's
trying to fix up. Yeah, so a huge package of
reforms to the Wide Reaching Holidays Act that will be
a thing of the past. It's being repealed and replaced.
So some main points from this one. There's quite a
lot to digest here. Sick leave will be capped at

(03:41):
one hundred and sixty hours, and it can be taken
in hours rather than full days at a time, so
it means you can sort of go to the doctor
for an hour or so and not have to take
the entire day off of work. Some other big changes
part time workers will no longer have a minimum sick
leave entitlement, Family violence leave and bereavement lever crewell can
also start from day one, and also with this policy,

(04:04):
employees will earn annual leave from day one. That's proportionate
to their contracted hours. The Minister Brook van Velden has
said that businesses should focus on their actual business rather
than sort of the complex legislation the rules that are
currently in place.

Speaker 4 (04:18):
But I've intentionally tried to strike a balance between the
rights and interests of employers and workers. So you'll see
that in some instances workers will benefit and in some
instances employees will benefit.

Speaker 1 (04:31):
And worth pointing out with this one, there's a two
year period from when the bill is passed until when
it comes into force, so there is quite a bit
of breathing room in terms of these changes. Sari appreciate that,
Aszara Howe with Politics.

Speaker 4 (04:43):
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