RBNZ's Spencer expects 'smooth transition' during caretaker phase

Fri, 11 Aug 2017

By Paul McBeth Aug. 11 (BusinessDesk) - Reserve Bank deputy governor Grant Spencer expects his six-month caretaker role will be a "smooth transition", pressing ahead with a sizeable body of work already underway at the monetary authority and prudential supervisor. Spencer will assume the role of acting governor when Graeme Wheeler departs on Sept. 26, just three days after a general election where recent polling has seen the Labour Party reassert its position as the dominant opposition party under new leadership. Finance Minister Steven...

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