The Latest Breaking News from Adrian Orr

Cyclone Gabrielle’s trail of misery and destruction presents a major fiscal and political dilemma for the government: how should the country pay for the recovery? Does it borrow now and spread repayment over generations, or raise taxes in an election year?

New Zealand’s central bank has raised its benchmark interest rate by a half-point to 4.75% as it continues trying to wrestle down inflation

If the country is to begin ‘futureproofing’ itself against more frequent climate change related flooding, the rebuild cost will rise dramatically – and that's worrying for Governor Adrian Orr. Andrew Patterson reports.

Bard Billot on the nation's banker

New Zealand’s central bank has hiked interest rates by a record amount as it tries to get inflation under control

New Zealand’s reserve bank says spending levels still need to be reduced with rate rises, in order to tame inflation

You may have seen the news: in its attempts to tackle inflation, the Reserve Bank is going to increase unemployment. The idea can even seem to come right from the mouths of experts, including the bank’s governor, Adrian Orr. Speaking recently to an industry conference, he said:

Households and banks will be 'challenged' by rising interest rates and cost of living, the Reserve Bank warns.

The Detail podcast brings you the issues behind the news every weekday. Here's what we covered this week.

Why is the Reserve Bank facing flak from every angle over its economic handling of the pandemic?

Renewed Covid restrictions in regions of China have accelerated increases in New Zealanders' cost of living.