About the event
Governor Adrian Orr delivered the opening and closing remarks for the CBNII Symposium on Indigenous Inclusion on 28 and 29 September 2023. He also joined a panel discussion on indigenous inclusion in central banking.
This is the second CBNII symposium following the inaugural symposium that was held by the Bank of Canada in November 2021. The CBNII holds a symposium every 2 years.
Read a summary of the Governor's speaking notes
- Governor Orr highlighted how the Central Bank Network for Indigenous Inclusion Symposium was an opportunity for whakawhanaungatanga or relationship building across the financial system, with collective discussion on how to work together more effectively.
- The Central Bank Network for Indigenous Inclusion aims to foster ongoing dialogue and raise awareness of indigenous economic and financial issues. We are network members alongside the Bank of Canada, the Federal Reserve and Reserve Bank of Australia.
- Governor Orr observed that it was clear from the symposium that central banks were stepping up their contributions to indigenous financial inclusion and had an important role to play alongside other stakeholders.
- Governor Orr provided an overview of RBNZ’s work and released RBNZ’s Approach to Financial Inclusion which provides an update on how we are considering and contributing to financial inclusion in line with our role and remit.
- He noted the importance of financial inclusion as a critical lens for RBNZ to consider the ability of New Zealanders to access and participate in the financial system. Globally and within Aotearoa New Zealand, financial inclusion is increasingly recognised as an important feature of a modern financial system that supports efficiency, prosperity, resilience and wellbeing.
- Governor Orr concluded by recognising the important work shared at the Symposium and the importance of the network in continually learning from each other’s progress.
Governor Orr did not comment on the future path of monetary policy. You can find the latest views of the Monetary Policy Committee in our August Monetary Policy Statement.