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Speaker 1: So we've got Ikea and now we have a Swede

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Speaker 1: at the top of the Reserve Bank at least from

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Speaker 1: December first, which is when her term starts. All announced

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Speaker 1: today by Nicola. What is the Finance Minister? Azaria Hall

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Speaker 1: is our senior political reporters Aaria, good afternoon, Good afternoon.

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Speaker 2: Yes, this is a big.

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Speaker 3: Story baring a new chapter today, a new chapter in

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Speaker 3: New Zealand's history and a new chapter for the Reserve Bank.

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Speaker 2: So that's the Minister of Finance, Nikola willis there as

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Speaker 2: you say, confirming the new Reserve Bank governor. Goodbye Adrian

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Speaker 2: or goodbye interim Governor Christian Hawksby Hello doctor Anna Breman.

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Speaker 2: So doctor Breman has been appointed the next governor of

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Speaker 2: the country Central Bank. She has a PhD in economics.

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Speaker 2: She was the Deputy Governor rather of Sweden Central Bank

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Speaker 2: since twenty nineteen, leading that through COVID SO an international

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Speaker 2: search was launched to find the right candidate. It initially

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Speaker 2: identified three hundred candidates. A long list then was created

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Speaker 2: of ten people. Four were shortlisted. The interviews with the

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Speaker 2: board in July and she was nominated. Here's the Minister

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Speaker 2: of Finance, Nikola Willis speaking about her work.

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Speaker 3: Doctor Breman brings to the role an impressive blend of

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Speaker 3: technical expertise and organizational leadership experience. She holds a PhD

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Speaker 3: in economics from the Stockholm School of Economics and has

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Speaker 3: previously been Group Chief Economist at Sweatbank, a leading Swedish

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Speaker 3: commercial bank. She has also worked at the Swedish Ministry

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Speaker 3: of Finance, the World Bank, and as an academic economist

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Speaker 3: in the United States.

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Speaker 2: So she appeared in a press conference in the Beehive

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Speaker 2: theaterre at this afternoon speaking to New Zealand for the

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Speaker 2: first time with the Minister of Finance, and doctor Breman

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Speaker 2: has given us a sense of what we're in for

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Speaker 2: under her leadership.

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Speaker 4: There, Sir Bank should and it will remain a source

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Speaker 4: of strength and stability for the New Zealand economy. Together

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Speaker 4: with the board and with style, we will achieve this

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Speaker 4: by focusing on our core mandate.

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Speaker 2: And what are those sort of core ideals of the

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Speaker 2: Reserve Bank. While she says the first is price stability, we.

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Speaker 4: Will stay laser focused on delivering on low and stable inflation.

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Speaker 2: The other goals are promoting financial stability and a safe

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Speaker 2: and efficient payment system. So she's also spoken about the

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Speaker 2: importance of having a transparent reserve bank. This is an

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Speaker 2: important one. Have a listen to this.

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Speaker 4: There are sour bank lists high in international rankings of transparency.

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Speaker 4: But I do believe that there is more work that

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Speaker 4: needs to be done. So we will strive for transparency,

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Speaker 4: accountability and clear communication within all the work that we do.

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Speaker 2: And I'm sure this will be music to the ears

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Speaker 2: of so many people. I mean, there were questions about

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Speaker 2: when Adrian or resigned in terms of the transparency of

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Speaker 2: the Reserve Bank. So many people were asking where certain

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Speaker 2: pieces of detail were, information that may have been left

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Speaker 2: out of Official Information Act responses and things like that.

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Speaker 2: Hopefully it looks like that saga is behind us now.

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Speaker 2: There'll be someone at the helm very soon. So the

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Speaker 2: Minister of Finance, Nichola Willis, also confirmed that the opposition

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Speaker 2: was told of this appointment and she's confirmed they've had

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Speaker 2: no real issues with that. Labour's Barbara Edmunds says doctor

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Speaker 2: Breman has an impressive background, wishing her well for the role.

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Speaker 2: Also interestingly, this appointment makes doctor Breman the first woman

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Speaker 2: to be governor of New Zealand's Reserve Bank. Nikola Wellis

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Speaker 2: spoke a little bit about this today.

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Speaker 3: We only ever want to be selected for a role

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Speaker 3: because we are the best candidate, not because of our gender. However,

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Speaker 3: it is also the case that it certainly makes a

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Speaker 3: difference when young women and girls can see that there

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Speaker 3: is no office that cannot be occupied by a woman.

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Speaker 3: And I am glad that my daughters will be raised

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Speaker 3: in a time where they can see that the Governor

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Speaker 3: of the Reserve Bank can be a man or a woman.

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Speaker 2: And doctor Breman says she's confident on the economy, she's

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Speaker 2: looking forward to finding out more about New Zealand's culture

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Speaker 2: and history and also another big update a new chair

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Speaker 2: of the Reserve Bank that will be announced before the

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Speaker 2: end of the year.

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Speaker 1: All right, very good, and we've got the mood of

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Speaker 1: the boardroom showing while Paul showing for the Prime Minister

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Speaker 1: he was ranked what fifteen sixteenth than his own cabinet

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Speaker 1: And the inevitable question does that mean there's going to

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Speaker 1: be a leadership thing, which is always a bit of

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Speaker 1: a dumb question, especially at a time like this for

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Speaker 1: a national party.

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Speaker 2: I would have thought Zaria, Yeah, well, it has been

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Speaker 2: a hotly discussed topic today, but there is that. I mean,

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Speaker 2: there is a huge high threshold in terms of something

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Speaker 2: like this. So yes. The survey of one hundred and

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Speaker 2: fifty chief executives has ranked the Prime Minister Chris Luckson

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Speaker 2: fifteenth out of twenty eight ministers on performance. It puts

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Speaker 2: him in the bottom half of the table. He had

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Speaker 2: a rating of two point nine six out of five.

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Speaker 2: And Chris Luckson has answered some questions in terms of

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Speaker 2: his reaction to this. The main question from some will

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Speaker 2: you be standing down?

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Speaker 5: No, no, I'm here to do a job and politics

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Speaker 5: four years ago because this is an awesome country. It's

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Speaker 5: got fantastic potential and we're damn we're going to go

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Speaker 5: make it or get realized.

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Speaker 2: And the Prime Minister is also confident in how the

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Speaker 2: other ministers are doing.

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Speaker 5: We decided we're going to play as a team and

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Speaker 5: that means we put my job as the Prime Minister

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Speaker 5: and as the leader of the team is to make

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Speaker 5: sure I've got the right people in the right positions

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Speaker 5: on the team at the right time.

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Speaker 2: And also someone who had a poor display Chris Hipkins,

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Speaker 2: the labor leader. Hipkins was rated two out of five

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Speaker 2: on performance. More than seventy percent of business leaders giving

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Speaker 2: him a rating of just one or two out of five,

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Speaker 2: so that's worse than the PM. Meanwhile, Labour's finance spokes

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Speaker 2: to sim Barbara Edmunds, leads Labour's performance rankings. She's on

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Speaker 2: three point two out of five.

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Speaker 1: Zara appreciate that. Zara Halen Parliament.

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Speaker 3: For more from Hither Duplassy Allen Drive.

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Speaker 4: Listen live to news talks.

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