RBNZ governor Adrian Orr abruptly resigns

Adrian Orr signed a five year contract just before the election. (Image: NZME)

Wed, 05 Mar 2025

Markets were surprised Wednesday by news that central bank Governor Adrian Orr had resigned three years before his term was due to end.Orr will be temporarily replaced by Deputy Governor Christian Hawkesby who will be acting governor until March 31. In a media release dated two days before the announcement, Finance Minister Nicola Willis briefly acknowledged the resignation and said “I wish him well for the future.”Tight lippedWhen asked why Orr had resigned she said “I’m not going to characterise the reasons for th...

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