Straight talk, jokes and cartoons: New Zealand’s new take on monetary policy
Wellington — New Zealand’s new central bank governor has pledged to modernise the bank’s communication strategy, saying it needs to rebuild trust with its audience and make itself more accessible to the wider population. "We’ve recently completed a survey around what people think of us," Adrian Orr said at his first media conference Thursday in Wellington. "The vast majority of the public had no idea who we are." Orr’s debut marked a change of direction for the Reserve Bank and left little doubt he’s embarking on a new era of openness and transparency. After opening with greetings in both Maori and sign language, Orr mixed humour with straight talking and confronted the RBNZ’s communication problems head-on. "I think our challenge is to speak in plain English, as opposed to a high-tech scientific language that only half a dozen people actually understand and even less are interested in," he said. "We do need to have a richer dialog." Orr was brought in to oversee the biggest shakeup...
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