"We (the public) still have no idea what actually happened to the Reserve Bank governor"

"IT IS ALMOST SIX weeks since the shock announcement early on the afternoon of Wednesday 5 March that the Governor of the Reserve Bank, Adrian Orr, was resigning effective 31 March, and that in fact he had already left . ...
    

"In his seven years in office he’d ... not only let inflation run out of control then ... a (mild) recession to get back in check, [and generated] $11 billion of losses the Bank had sustained punting in the government bond market. ... On many occasions – including at numerous select committee hearings – his relationship with the truth also seemed tenuous.

"It is good to see the back of him, but it really isn’t adequate that we’ve had no explanation at all for the sudden departure. ...

"'Let’s be very blunt,' [said Infometrics’ Brad Olsen on the day of the resignation]. 'The Board of the Reserve Bank needs to front, they need to front urgently, and they need to be open and transparent. Anything less is just not acceptable.'

And yet 'anything less' is just what we have got. No straight answers from either the Board or the Minister of Finance. ...

"If anything, the mystery – and a sense that the Board and Minister are keeping important stuff from us – was highlighted by the OIA response obtained from the Minister of Finance by the Herald’s assiduous Jenee Tibshraeny, as reported here. ...

"Faced with the set of facts (the unquestioned known ones), and applying something like Occam’s Razor, most reasonable people would deduce that something pretty serious and potentially scandalous must have gone on [in the organisation backing this country's paper currency] ...

"We (the public) still have no idea what actually happened. And that really isn’t good enough from either the Board or the Minister about the holder of such a consequential office. But what we do know is enough to lead a reasonable interpreter to fear that it really may have been something around Orr’s conduct. If not (and one genuinely hopes not) a straightforward explanation could set the record straight very quickly. And if so, people shouldn’t be able to hide behind private commitments to secrecy that might serve the interests of some of the powerful, but are hardly likely to serve the public interest."

~ Michael Reddell from his post 'What was the story re Orr’s resignation?'