Adrian Orr resigned as Reserve Bank governor over funding disagreement

(Image: NZME)

Wed, 11 Jun 2025

The Reserve Bank of New Zealand (RBNZ) has confirmed Adrian Orr resigned as Governor as he wanted more funding for the central bank than the Government was willing to provide.The bank said in a statement that the RBNZ board, chaired by Neil Quigley, conceded that a lesser amount of funding was fine.“This led to Mr Orr’s personal decision that he had achieved all he could as Governor of the Reserve Bank and could not continue in that role with significantly less funding than he thought was viable for the organisation,” the RBNZ...

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