Reported about 8 hours ago
The unexpected resignation of Adrian Orr, the governor of New Zealand's Reserve Bank, has left many questions unanswered regarding the reasons for his departure. Although Board Chair Neil Quigley cited personal reasons and hinted at past criticisms during Orr's tenure, he refrained from offering specific details. As the Reserve Bank lowers interest rates to aid economic recovery, Orr's departure comes amid political tensions and scrutiny over the bank's policies. His successor, Deputy Governor Christian Hawkesby, will temporarily assume the role while a search for a permanent replacement takes place.
Source: YAHOO