Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr has resigned and will finish in the role on March 31, New Zealand's central bank said on Wednesday.
"I leave the role with consumer price inflation at target, and an economy in a cyclical recovery following the long period of COVID-related disruption. The financial system remains sound," Orr said in a statement.
Deputy Governor Christian Hawkesby will be the acting governor until March 31, the statement said.
From April 1, New Zealand's finance minister, on recommendation from the RBNZ Board, will appoint a temporary Governor for up to six months. Hawkesby will also chair the monetary policy committee, the RBNZ said.
"I leave the role with consumer price inflation at target, and an economy in a cyclical recovery following the long period of COVID-related disruption. The financial system remains sound," Orr said in a statement.
Deputy Governor Christian Hawkesby will be the acting governor until March 31, the statement said.
From April 1, New Zealand's finance minister, on recommendation from the RBNZ Board, will appoint a temporary Governor for up to six months. Hawkesby will also chair the monetary policy committee, the RBNZ said.
