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Copies of text messages just released by Treasury confirm Adrian Orr was likely to be sacked if he didn鈥檛 resign as Reserve Bank Governor.
The process was so advanced, Secretary to the Treasury Iain Rennie warned Finance Minister Nicola Willis she might receive a recommendation from the Reserve Bank board to advise the Governor-General to remove Orr.
NZ Herald Wellington business editor Jenee Tibshraeny explained further,
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