NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / New Zealand

Steve Braunias: The Secret Diary of Adrian Orr

Steve Braunias
By Steve Braunias
Senior Writer·NZ Herald·
25 Nov, 2022 04:00 PM3 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Reserve Bank Governor Adrian Orr, kicking spending to the curb. Photo / Mark Mitchell

Reserve Bank Governor Adrian Orr, kicking spending to the curb. Photo / Mark Mitchell

Steve Braunias
Opinion by Steve Braunias
Steve Braunias writes for the Listener and Newsroom.
Learn more

OPINION:

MONDAY

“As they say, ‘fill ‘er up!’ Although why is it always a her?”, I said to the petrol pump attendant.

“It’s self-service,” he said. He was standing behind a “counter”. There were bars of chocolate, muffins, chewing gum and peppermints for sale. It was all very confusing. Since when have petrol stations doubled as convenience stores?

The ways of the modern world are many and varied.

Advertisement
Advertise with NZME.

Nevertheless, I responded to the challenge, and “filled ‘er up”, as they say.

I went inside to pay and decided I would also buy a bar of chocolate and a packet of mints.

The figure he quoted took me by surprise.

“That’s rather a lot,” I said.

Advertisement
Advertise with NZME.

“Inflation, right,” he said.

I took stock of the situation and asked him to deduct the price of the chocolate bar. I could live without it, just. But the figure was still too high, so I asked him to deduct the price of the mints. It made little difference.

“There’s only thing for it,” I said.

“We take Paywave,” he said.

“No, what I mean is that I have no choice but to return some of the petrol. Do you have a siphon? I’ve seen it done.”

“What?”

A long queue had gathered. I turned, and announced to the room, “As governor of the Reserve Bank, I must lead by example and put a curb on my spending. If we all did the same, inflation can be tamed. Tamed, I say!”

No one said anything.

Advertisement
Advertise with NZME.

I turned to the attendant. “How are you going with that search for a siphon,” I put to the good fellow.

“Sorry, mate,” he said. “Just pay.”

I was left with no choice, but advised him, “Sorry isn’t good enough.”

TUESDAY

Bought a Mercedes.

WEDNESDAY

Bought a Renoir.

THURSDAY

To Parliament, to explain to our political representatives why it is that the Reserve Bank is deliberately engineering a recession.

I said to the half-wits, “I am trying to slow aggregate spending in the economy because the quicker inflation expectations come down the less work we need to do and the less likely it is that we have a prolonged period of low or negative growth.”

They said, “What?”

“I have something else to say. Something important, very important Indeed.”

“Yes?”

“I’m sorry.”

“What?”

“I’m really terribly sorry. Dreadfully so. I apologise. I do, I apologise from the bottom of my heart. I’m sorry. Very sorry, very sorry indeed.”

No one said anything.

It’s a poor show not to accept an apology when it is sincerely offered. But that’s Parliament for you. They don’t really understand economics.

FRIDAY

I seem to have used up a fair bit of “gas” this week, so I returned to the petrol station slash convenience store and “filled ‘er up”, as they say.

“And two bars of chocolate and a packet of mints,” I instructed the youth behind the “counter”.

He quoted the figure.

“I believe you take Paywave,” I said.

I conducted the transaction, and then he said, “You were in here the other day going on about curbing your spending.”

I laughed, and said, “Earlier this month, the Government reappointed me as Reserve Bank Governor for another five-year term, effective from March 27, 2023. Do you know how much I make?”

He said he didn’t want to know and that there were customers waiting.

I turned, and announced to the room, “Have a wonderful and sensibly spending Christmas!”

No one said anything.

Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Latest from New Zealand

New Zealand

Police seek man after 'deeply concerning' attack on popular Porirua trail

20 Jun 07:03 AM
New Zealand

Have you seen her? Police concerned for missing Dunedin woman

20 Jun 06:45 AM
Crime

Duo jailed after vigilante burglary of Epsom mansion terrorises wrong woman

20 Jun 06:00 AM

Jono and Ben brew up a tea-fuelled adventure in Sri Lanka

sponsored
Advertisement
Advertise with NZME.

Latest from New Zealand

Police seek man after 'deeply concerning' attack on popular Porirua trail

Police seek man after 'deeply concerning' attack on popular Porirua trail

20 Jun 07:03 AM

The woman was shaken by the incident.

Have you seen her? Police concerned for missing Dunedin woman

Have you seen her? Police concerned for missing Dunedin woman

20 Jun 06:45 AM
Duo jailed after vigilante burglary of Epsom mansion terrorises wrong woman

Duo jailed after vigilante burglary of Epsom mansion terrorises wrong woman

20 Jun 06:00 AM
NZ pauses $18.2m aid to Cook Islands amid China deal tensions

NZ pauses $18.2m aid to Cook Islands amid China deal tensions

20 Jun 05:27 AM
Help for those helping hardest-hit
sponsored

Help for those helping hardest-hit

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP