New Zealand’s central bank governor resigns

Christian Hawkesby will serve as acting governor until 31 March 2025.

Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr has resigned from the position.

Orr will step down from the role on 31 March 2025. Orr was first appointed as governor on March 2018.

Deputy Governor Christian Hawkesby will be acting governor until 31 March 2025. Hawkesby will also chair the Monetary Policy Committee.

The Minister of Finance is expected to appoint a temporary governor for a period of up to six months beginning 1 April 2025.

In a statement, he said that “it has been a privilege” to lead the RBNZ.

“Over the last seven years we’ve significantly built our capability and capacity so we can respond to an increasing complex and challenging global environment. We’ve made considerable progress in our approach to monetary and financial policy, alongside driving much-needed maturity uplifts in our balance sheet capital, digital, data and technology,” Orr said.

“I’m incredibly proud of the RBNZ’s people, our work and the impact of our mahi on all New Zealanders,” he said.

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