Governor Adrian Orr joined an online panel discussion at the Bank for International Settlements (BIS) conference - “Future of Central Banking”.
The Panel discussion topic was “Maintaining central bank independence in the face of fiscal dominance risks, expanding central bank mandates, and other challenges”.
There were no published speaking notes for this panel discussion.
The following information has been provided in response to a media query about the event
Published November 2022
The Governor of the Reserve Bank of New Zealand - Te Pūtea Matua has a number international commitments where he represents RBNZ in dialogue with our global peers.
We pride ourselves on being open and transparent which is why public speaking engagements are notified to the public in advance.
The Governor's remarks at a panel discussion on the Future of Central Banking for the Bank of International Settlements did not relate to current New Zealand monetary policy.
The event was well-signalled, with a market notice sent out by the RBNZ on 23 September. Speaking notes for the BIS event were completed several days before Mr Orr was sent MPC briefing papers.
His speaking remarks were delivered at 2am NZ time, Friday 30 September. Mr Orr attended by video link from Wellington, and was present for all MPC discussions for the Monetary Policy Review (MPR) the following week. This discussion was announced by the RBNZ in a speech advisory, and was livestreamed.
MPR papers were submitted to our secure portal at midday on Thursday 29 September. The Governor was at an offsite meeting all day until the evening of the 30 of September – noting the speaking engagement was at 2am on 30 September.
Separately - The Governor’s meeting on 8 August with East Asia Central Bank Governors was closed meeting between central banks and was not a public discussion. He returned to New Zealand for the MPC deliberation and decision meetings leading into the Monetary Policy Statement release. Mr Orr was briefed on general information shared in preparation for the monetary policy decision when he returned to New Zealand.
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