The @ReserveBankofNZ empire keeps expanding. It added 40 employees (+7%) in the 3 months to September 2024, bringing total staff to 641 (+155% since June 2018), alongside 72 contractors. The 'Strategy, Governance and Sustainability' team alone now has 63 FTEs (vs 29 in 2021)… pic.twitter.com/k8f522pMMe
I don;’t understand how the Reserve Bank is exempt from the restraint that applies to the rest of the public sector agencies. For 10 years the Bank ran well with around 250 staff and now it has almost 650.