RBNZ hires monetary policy advisers as inflation drops to 15-year low

graeme-wheeler-rbnz
Graeme Wheeler, RBNZ

The Reserve Bank of New Zealand (RBNZ) has hired two advisers to help it set monetary policy, as it looks to combat the country's slowest inflation rate in 15 years.

Tony Caughey, a private sector director and consultant, and Conor English, chairman of Agribusiness New Zealand, will advise the central bank's governing committee starting in June, the RBNZ announced today (April 23).

They replace Luke Moriarty and Richard Townsend, who are stepping down after three years. Part-time advisers help

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