RBNZ appoints John McDermott Head of Economics

Dr John McDermott has been appointed Head of Economics at the Reserve Bank of New Zealand, the RBNZ said Friday 9 February.

Governor Alan Bollard said Friday he was pleased to announce the appointment following the announcement last month that the current Head of Economics, Grant Spencer, will take over as Head of Financial Stability. The moves come after the recent departure of Adrian Orr to take up the role of Chief Executive of the Guardians of the New Zealand Superannuation Fund.

Dr McDermo