Naming Adrian Orr's successor is past overdue

Naming Adrian Orr's successor is past overdue
Bank of England deputy governor Sarah Breeden is the latest name to hit the rumour mill to replace Adrian Orr at the RBNZ. (Image: Getty)
Pattrick Smellie
Today (Tuesday) marks 202 days since the resignation of the governor of the Reserve Bank of New Zealand, Adrian Orr.Some 26 days ago, his chair at the time of that resignation, Neil Quigley, also left his post, largely because of the way he handled Orr’s resignation.He also left shortly after the Bank of Canada assistant governor, Toni Lavelle, who is believed to have been Quigley’s preferred candidate, came second in a selection process some weeks ago.The hiring process continued uninterrupted, however, as fellow director Rodger Sh...

More Economy

Shock GDP tumble: more easing eyed
Economy

Shock GDP tumble: more easing eyed

The 2Q GDP contraction will likely be revised but it won't change the picture. 

Rebecca Howard 22 Sep 2025
Willis teases new RBNZ governor after GDP drop
Economy

Willis teases new RBNZ governor after GDP drop

Finance Minister Nicola Willis says a new Reserve Bank of New Zealand governor will be announced “very shortly” as she comes under growing pressure to tackle NZ’s economic woes.Economists are calling on the RBNZ to cut the official cash rate (OCR) more aggressively after yesterda...

Staff reporters 19 Sep 2025
Dire economy opens door for 50bps cut in October
Economy

Dire economy opens door for 50bps cut in October

The New Zealand economy contracted 0.9% in the June quarter. 

Rebecca Howard 18 Sep 2025
Economy contracts 0.9% in June quarter
Economy

Economy contracts 0.9% in June quarter

GDP has now fallen in 3 of the last 5 quarters.

Rebecca Howard 18 Sep 2025