RBNZ governor unexpectedly resigns
Adrian Orr ends term early without giving reason as Christian Hawkesby temporarily takes over
Adrian Orr has unexpectedly resigned as governor of the Reserve Bank of New Zealand (RBNZ).
Orr, who had been governor since 2018, did not give a reason for his resignation earlier today (March 5). He began his second term in 2023 and was due to step down in 2028.
Orr has been placed on leave until his term officially ends on March 31. Deputy governor Christian Hawkesby will serve as acting governor during this period. He also takes over from Orr as chair of the monetary policy committee.
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