Big shake-up for RBNZ: Wheeler to resign Sept; Spencer to fill in

Tue, 07 Feb 2017

By Paul McBeth Feb. 7 (BusinessDesk) - Reserve Bank governor Graeme Wheeler won't serve a second term and will be followed out the door by his deputy, Grant Spencer, who will fill in on a temporary basis while the next government hunts out a replacement. Wheeler's five-year term expires on Sept. 26, three days after the general election and two days before a monetary policy review. Because of the proximity to the election, Finance Minister Steven Joyce said he judged the most appropriate course of action was to appoint Spencer as acting...

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