Reported 1 day ago
Adrian Orr's unexpected resignation as the Governor of the Reserve Bank of New Zealand marks the end of a tumultuous seven-year tenure, which saw rising inflation and high interest rates leading to the country's worst economic downturn since 1991. His departure, effective March 31, comes amid growing criticism from the current government regarding his management of monetary policy and its consequences. Deputy Governor Christian Hawkesby will serve as acting governor while a permanent replacement is sought.
Source: YAHOO