The man at the centre of the economy for eight years has resigned, leaving without notice or explanation.
Adrian Orr stepped down from his role as Reserve Bank governor on Wednesday.
Senior Political Correspondent Barry Soper says it would be beneficial to hear from Orr.
"He's either accepting absolute defeat in what he set out to do, or he's saying ... 'I've done the job, now I'm out of here.'
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Speaker 1 (00:00):
Barry Soper is our senior political correspondent. Barry, welcome back,
hello again, right, good to see you. Now, good to
see the back of Adrian or two.
Speaker 2 (00:11):
Poor old Adrian, or well it's not poor old Adrian.
Or when you think about it, you know, here's this
man that's really at the center of the economy since
twenty eighteen, leaves without notice and doesn't give an explanation
to anyone, and he's either accepting absolute defeat and what
(00:33):
he set out to do, or he's saying, look, I've
turned it around, We've got inflation back under control. I've
done the job. Now I'm out of here. But wouldn't
it be nice to hear from him? I think he
owes it to New Zealand that here's a man that's
been pillared uphill and down Dale, has been praised in
some quarters, but won't come out and either defend himself
(00:56):
or you know, take the accolades. I mean, who knows.
Speaker 1 (00:59):
Yeah, we just don't. No. I think on Wednesday I
said it. It sounds like he's thrown his toys. You know,
it sounds like he's don't have to wobbly, because otherwise
you'd go to that very expensive conference they organized, wouldn't you.
Speaker 2 (01:10):
Well, that's extraordinary, isn't it. On the eve of the
conference he goes, he leaves, and he's meant to be
cheering the conference. I mean, it is quite extraordinary the
way he parted. Yeah, but you know, it's been an
unusual governorship anyway since he's been there.
Speaker 1 (01:26):
On him and I think most people it's like Andrew Bailey.
Once they're gone, they're gone, and people move on, don't they.
Phil Goff, Well, he'll be moving home.
Speaker 2 (01:34):
Well, it wouldn't it be nice to hear from him
as well?
Speaker 1 (01:37):
I think we've heard too much. Actually that's the problem.
Speaker 2 (01:40):
Well that is a problem. But you know, I would
have loved to have heard his reaction when he woke
up in London and realized that because of what he
had said at Chatham House, Chatham House rules didn't apply
and he was reported widely. I would have liked to
have heard what his reaction was to what would seem
(02:02):
to be, on the face of it, a fairly minor indiscretion.
But nevertheless, when you've got somebody as sensitive as we've
got as Donald Trump and the White House, you've got
to be aware of that sensitivity. And certainly Winston Peters
is aware of that because we need America whether we
like it or not, in terms of we've got aluminium
(02:22):
going into that country, we've got steel products going into
that country. And how are the tariffs? Yes exactly, but
how are the tariffs going to be handled? If he
was allowed to get away with something like exactly?
Speaker 1 (02:34):
Not very diplomatic from him. Now another resignation. I feel
like we just have a long list. But Richard people
of course went from the White Tangy Tribunal.
Speaker 2 (02:41):
It's interesting, isn't it, because look, he was appointed just
last year last October, I think it was, so is
there a very short time? He said he did a
lot of reading over the Christmas break and decided that
really the Tribunal on many counts is wrong. It's a
(03:02):
body that doesn't have any teeth really at all. And
what he's saying is though he said, there should be
a High Court judge there rather than what are there
at the moment and essentially Land court judges. And he
said that, you know, it should be a constitutional issue
rather than you know, a target to Penawa, an issue
(03:23):
that doesn't concern everyone across the board. So you know,
he's decided as infinite wisdom, he can't make the change
that he believes the Tribunal should be changed too, so
he's moved on. Interestingly, now I think Ryan is what
are they going to do, because there is a move
certainly within the government ranks to review the Tribunal exactly
(03:45):
and to make it a very different body to what
it is today. So now that Prebo's gone, maybe he'll
be brought on back on board as an advisor.
Speaker 1 (03:53):
As part of some rais again exactly. I mean the
surprising thing for me this week from reading that and
about him and talking to Richard Prebble, is that there
are twenty of them. Yes, I'm sitting on the Tribunal.
Speaker 2 (04:04):
Well, you know it's a gravy train, isn't it. I Mean,
it's been on about that for years that you know,
it keeps lawyers employed virtually constantly, and it's a bit
like the Treaty Settlement's Bill that a lot of people
have a lot to say on it, but it means
nothing in the end because it's not going to become well.
And similarly, the Tribunal is in the same situation now.
Speaker 1 (04:25):
The overseas doctors are going to be allowed to train
and come straight into GP practices.
Speaker 2 (04:31):
Yeah, and I think that's a good thing. I mean,
you know, we have to presuppose that a doctor who
has trained in medicine overseas, we have the same bodies,
as I understand it, human beings Internationally, you'd think to
come to New Zealand, there's no particular issue that they
would have to be concerned with. Nevertheless, they I guess
(04:52):
there's cultural issues that they have to contend with. So yeah,
they're going to be allowed to go into practices, do
their too years internship if you like, and then practice
medicine the way they should be practicing it.
Speaker 1 (05:05):
And just finding the Malorti party has been worn by police.
This is the electoral return that they just haven't gotten yet.
It was due last year and it was December and
they're still not there.
Speaker 2 (05:14):
Well, you know, and it's all very fine to say,
don't worry John Tammahi says, the president of the party.
Don't worry the natives. They're not playing up too much.
Will will come into line. Well, they haven't come into line.
They are part of the electoral process like anyone else,
and they should be held accountable like every other party.
(05:34):
That's in that place.
Speaker 1 (05:36):
Yeah. Here, Barry Barry Soaper News Talks. He'd be senior
political correspondent for.
Speaker 2 (05:40):
More from Heather Duplessy Allen Drive.
Speaker 1 (05:43):
Listen live to News Talks. It'd be from four pm weekdays,
or follow the podcast on iHeartRadio
Barry Soper is our senior political correspondent. Barry, welcome back,
hello again, right, good to see you. Now, good to
see the back of Adrian or two.
Speaker 2 (00:11):
Poor old Adrian, or well it's not poor old Adrian.
Or when you think about it, you know, here's this
man that's really at the center of the economy since
twenty eighteen, leaves without notice and doesn't give an explanation
to anyone, and he's either accepting absolute defeat and what
(00:33):
he set out to do, or he's saying, look, I've
turned it around, We've got inflation back under control. I've
done the job. Now I'm out of here. But wouldn't
it be nice to hear from him? I think he
owes it to New Zealand that here's a man that's
been pillared uphill and down Dale, has been praised in
some quarters, but won't come out and either defend himself
(00:56):
or you know, take the accolades. I mean, who knows.
Speaker 1 (00:59):
Yeah, we just don't. No. I think on Wednesday I
said it. It sounds like he's thrown his toys. You know,
it sounds like he's don't have to wobbly, because otherwise
you'd go to that very expensive conference they organized, wouldn't you.
Speaker 2 (01:10):
Well, that's extraordinary, isn't it. On the eve of the
conference he goes, he leaves, and he's meant to be
cheering the conference. I mean, it is quite extraordinary the
way he parted. Yeah, but you know, it's been an
unusual governorship anyway since he's been there.
Speaker 1 (01:26):
On him and I think most people it's like Andrew Bailey.
Once they're gone, they're gone, and people move on, don't they.
Phil Goff, Well, he'll be moving home.
Speaker 2 (01:34):
Well, it wouldn't it be nice to hear from him
as well?
Speaker 1 (01:37):
I think we've heard too much. Actually that's the problem.
Speaker 2 (01:40):
Well that is a problem. But you know, I would
have loved to have heard his reaction when he woke
up in London and realized that because of what he
had said at Chatham House, Chatham House rules didn't apply
and he was reported widely. I would have liked to
have heard what his reaction was to what would seem
(02:02):
to be, on the face of it, a fairly minor indiscretion.
But nevertheless, when you've got somebody as sensitive as we've
got as Donald Trump and the White House, you've got
to be aware of that sensitivity. And certainly Winston Peters
is aware of that because we need America whether we
like it or not, in terms of we've got aluminium
(02:22):
going into that country, we've got steel products going into
that country. And how are the tariffs? Yes exactly, but
how are the tariffs going to be handled? If he
was allowed to get away with something like exactly?
Speaker 1 (02:34):
Not very diplomatic from him. Now another resignation. I feel
like we just have a long list. But Richard people
of course went from the White Tangy Tribunal.
Speaker 2 (02:41):
It's interesting, isn't it, because look, he was appointed just
last year last October, I think it was, so is
there a very short time? He said he did a
lot of reading over the Christmas break and decided that
really the Tribunal on many counts is wrong. It's a
(03:02):
body that doesn't have any teeth really at all. And
what he's saying is though he said, there should be
a High Court judge there rather than what are there
at the moment and essentially Land court judges. And he
said that, you know, it should be a constitutional issue
rather than you know, a target to Penawa, an issue
(03:23):
that doesn't concern everyone across the board. So you know,
he's decided as infinite wisdom, he can't make the change
that he believes the Tribunal should be changed too, so
he's moved on. Interestingly, now I think Ryan is what
are they going to do, because there is a move
certainly within the government ranks to review the Tribunal exactly
(03:45):
and to make it a very different body to what
it is today. So now that Prebo's gone, maybe he'll
be brought on back on board as an advisor.
Speaker 1 (03:53):
As part of some rais again exactly. I mean the
surprising thing for me this week from reading that and
about him and talking to Richard Prebble, is that there
are twenty of them. Yes, I'm sitting on the Tribunal.
Speaker 2 (04:04):
Well, you know it's a gravy train, isn't it. I Mean,
it's been on about that for years that you know,
it keeps lawyers employed virtually constantly, and it's a bit
like the Treaty Settlement's Bill that a lot of people
have a lot to say on it, but it means
nothing in the end because it's not going to become well.
And similarly, the Tribunal is in the same situation now.
Speaker 1 (04:25):
The overseas doctors are going to be allowed to train
and come straight into GP practices.
Speaker 2 (04:31):
Yeah, and I think that's a good thing. I mean,
you know, we have to presuppose that a doctor who
has trained in medicine overseas, we have the same bodies,
as I understand it, human beings Internationally, you'd think to
come to New Zealand, there's no particular issue that they
would have to be concerned with. Nevertheless, they I guess
(04:52):
there's cultural issues that they have to contend with. So yeah,
they're going to be allowed to go into practices, do
their too years internship if you like, and then practice
medicine the way they should be practicing it.
Speaker 1 (05:05):
And just finding the Malorti party has been worn by police.
This is the electoral return that they just haven't gotten yet.
It was due last year and it was December and
they're still not there.
Speaker 2 (05:14):
Well, you know, and it's all very fine to say,
don't worry John Tammahi says, the president of the party.
Don't worry the natives. They're not playing up too much.
Will will come into line. Well, they haven't come into line.
They are part of the electoral process like anyone else,
and they should be held accountable like every other party.
(05:34):
That's in that place.
Speaker 1 (05:36):
Yeah. Here, Barry Barry Soaper News Talks. He'd be senior
political correspondent for.
Speaker 2 (05:40):
More from Heather Duplessy Allen Drive.
Speaker 1 (05:43):
Listen live to News Talks. It'd be from four pm weekdays,
or follow the podcast on iHeartRadio
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