The Reserve Bank of New Zealand announced that Governor Adrian Orr is leaving the role and set out interim leadership arrangements. Deputy Governor Christian Hawkesby will be Acting Governor until 31 March and will also chair the Monetary Policy Committee. From 1 April, the Minister of Finance will appoint a temporary Governor, on the recommendation of the Reserve Bank of New Zealand Board, for a period of up to six months. The Bank’s statement also highlighted Orr’s role in implementing reforms linked to the Reserve Bank Act, the Deposit Takers Act and the Depositor Compensation Scheme, including governance and decision-making changes following the establishment of a Monetary Policy Committee with external members from 2019 and the Reserve Bank Act coming into force in July 2022.
Reserve Bank of New Zealand 2025-03-05
Reserve Bank of New Zealand announces Governor Adrian Orr’s departure with Christian Hawkesby to serve as Acting Governor until 31 March
The Reserve Bank of New Zealand announced Governor Adrian Orr's departure, with Deputy Governor Christian Hawkesby serving as Acting Governor until 31 March and chairing the Monetary Policy Committee. From 1 April, a temporary Governor will be appointed for up to six months, with Orr noted for his role in implementing significant reforms, including the Reserve Bank Act and the Depositor Compensation Scheme.