Finance Minister Nicola Willis has announced that former acting Reserve Bank Governor Grant Spencer has been appointed to the central bank’s board.

Spencer retired from the Reserve Bank in 2018, after he was deputy Governor and head of financial stability from 2007 to 2017. He was acting Governor over the six months to March 2018.

NZ Herald political editor Thomas Coughlan unpacks what Nicola Willis is indirectly saying through this announcement. 

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