Texts show Treasury warned Nicola Willis about Adrian Orr's departure

Wednesday 10 September 2025 · 2 outlets · 2 reports · updated Wed 10 Sep 2025, 9:16pm

In this story Nicola Willis, Reserve Bank of New Zealand, Treasury, Adrian Orr, Iain Rennie

Newly-released text messages reveal Treasury warned Finance Minister Nicola Willis that then-Reserve Bank Governor Adrian Orr was leaving his position. Willis has defended her decision not to disclose this information earlier.

How they headlined it

3h

5:50pm9:16pm

1. NZ HeraldWed 10 Sep 2025, 5:50pm

   Texts reveal Nicola Willis was warned she might be asked to sack Adrian Orr as Reserve Bank Governor (opens in new tab)

2. RNZWed 10 Sep 2025, 9:16pm

   Finance minister's 'heads up' that Adrian Orr was on his way out (opens in new tab)