Central Banks
New Zealand Central Bank Governor Orr Unexpectedly Resigns
- Deputy Governor Hawkesby to act as governor until March 31
- New Zealand dollar little changed after shock announcement
This article is for subscribers only.
Reserve Bank of New Zealand Governor Adrian Orr has unexpectedly resigned without giving a reason for his sudden departure.
Orr, who still has three years to serve in his second five-year term, made the announcement in a short statement Wednesday in Wellington. Deputy Governor Christian Hawkesby will be Acting Governor until March 31, when Orr will officially leave the bank, an RBNZ spokesman said.