RBNZ chief economist McDermott leaving central bank to join Motu

Mon, 17 Dec 2018

By Rebecca Howard Dec. 18 (BusinessDesk) - Reserve Bank chief economist John McDermott will be leaving the bank next year to join the economic research institute Motu as an executive director. His departure comes a month after Reserve Bank governor Adrian Orr set about creating a new senior leadership team. That saw McDermott accept the role of chief economist and a department head, as opposed to the assistant governor's role he held under the past two governors. The assistant governor and general manager of economics, financial markets...

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