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Andrew Kelleher: Adrian Orr about to face first big test as Reserve Bank Governor
Adrian Orr's about to face his first big test as Reserve Bank Governor.
He's expected to keep Official Cash Rate unchanged at 1.75 percent, when he delivers his first Monetary Policy Statement at 9am.
JMIS analyst Andrew Kelleher says unlike his predecessors, Orr will have to factor employment into his decision.
"The policy targets agreement was changed by the new Government so we have a big question mark now as to what are they going to refer to, what are they going to look at, what are they going to tell us?"
Kelleher says he will be far less reserved than previous Governors.
"He's a little bit different, he's a little bit more jocular, he's a little bit more open and so the market is wondering whether or not this translates into more transparency."
LISTEN ABOVE AS ANDREW KELLEHER SPEAKS WITH MIKE HOSKING
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By Newstalk ZBAdrian Orr's about to face his first big test as Reserve Bank Governor.
He's expected to keep Official Cash Rate unchanged at 1.75 percent, when he delivers his first Monetary Policy Statement at 9am.
JMIS analyst Andrew Kelleher says unlike his predecessors, Orr will have to factor employment into his decision.
"The policy targets agreement was changed by the new Government so we have a big question mark now as to what are they going to refer to, what are they going to look at, what are they going to tell us?"
Kelleher says he will be far less reserved than previous Governors.
"He's a little bit different, he's a little bit more jocular, he's a little bit more open and so the market is wondering whether or not this translates into more transparency."
LISTEN ABOVE AS ANDREW KELLEHER SPEAKS WITH MIKE HOSKING