Latest news with #AdrianOrr
Yahoo
01-07-2025
- Business
- Yahoo
Former RBNZ Acting Governor Spencer appointed to central bank's board
(Reuters) -Former Reserve Bank of New Zealand (RBNZ) Acting Governor Grant Spencer has been appointed to the central bank's board for a five-year term, effective July 1, Finance Minister Nicola Willis said on Tuesday. Spencer served as RBNZ deputy governor and head of the bank's financial stability committee from 2007 to 2017, and was the bank's acting governor from 2017 to 2018. "Grant Spencer brings expertise in central banking, financial stability, and monetary policy," Willis said in a statement. Spencer's appointment to the board comes as the centre-right National Party-led coalition government continues its search for a permanent leader for the central bank after the surprise resignation of Adrian Orr in March. Willis was critical of Orr's stewardship while she was in opposition, blaming him for soaring inflation after the pandemic and the high interest rates that led to recession. Christian Hawkesby, who had been serving as RBNZ's acting governor following Orr's resignation, was appointed in April as the RBNZ Governor for a six-month term. Willis said she had also reappointed Byron Pepper to the board for another five years. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
01-07-2025
- Business
- Reuters
Former RBNZ Acting Governor Spencer appointed to central bank's board
July 1 (Reuters) - Former Reserve Bank of New Zealand (RBNZ) Acting Governor Grant Spencer has been appointed to the central bank's board for a five-year term, effective July 1, Finance Minister Nicola Willis said on Tuesday. Spencer served as RBNZ deputy governor and head of the bank's financial stability committee from 2007 to 2017, and was the bank's acting governor from 2017 to 2018. "Grant Spencer brings expertise in central banking, financial stability, and monetary policy," Willis said in a statement. Spencer's appointment to the board comes as the centre-right National Party-led coalition government continues its search for a permanent leader for the central bank after the surprise resignation of Adrian Orr in March. Willis was critical of Orr's stewardship while she was in opposition, blaming him for soaring inflation after the pandemic and the high interest rates that led to recession. Christian Hawkesby, who had been serving as RBNZ's acting governor following Orr's resignation, was appointed in April as the RBNZ Governor for a six-month term. Willis said she had also reappointed Byron Pepper to the board for another five years.
National Business Review
13-06-2025
- Business
- National Business Review
RBNZ socks, s*** humans, dunkelflaute, NZME skin
At Fieldays this week, Finance Minister Nicola Willis took the Reserve Bank to task for its handling of Official Information Act requests into the background to Adrian Orr's abrupt departure as the bank's governor. Did we hear that right? Willis was responding to questions after the RBNZ Want to read more? It's easy. Choose your subscription Already have an account? Login Smartphone Only Subscription NZ$29.95 / monthly Monthly Premium Online Subscription NZ$49.95 / monthly Smartphone Only Annual Subscription NZ$299.00 / yearly Yearly Premium Online Subscription NZ$499.00 / yearly Premium Group Membership 10 Users NZ$385 +GST / monthly $38.5 per user - Pay by monthly credit card debit Premium Group Membership 20 Users NZ$660 +GST / monthly $33 per user - Pay by monthly credit card debit Premium Group Membership 50 Users NZ$1375 +GST / monthly $27.5 per user - Pay by monthly credit card debit Premium Group Membership 100 Users NZ$2100 +GST / monthly $21 per user - Pay by monthly credit card debit Yearly Premium Online Subscription + NBR Marketplace NZ$999.00 / yearly Individual Group membership NBR Marketplace Student Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499). View terms and conditions.
Scoop
12-06-2025
- Business
- Scoop
Statement from RBNZ chair Neil Quigley about OIAs on Adrian Orr's resignation
Press Release – The Reserve Bank of New Zealand We are taking into account the feedback that we have received on our management of these OIA requests and looking carefully at how we can improve our response times in the future,' Mr Quigley said. 'RBNZ was late in producing a response to some of the OIAs we received on Adrian Orr's resignation. I regret that this delay occurred,' Reserve Bank of New Zealand – Te Pūtea Matua Chair Neil Quigley says. 'The circumstances and the volume of information associated with the OIAs on Adrian Orr's resignation were complex, and we needed to be sure that our consideration of relevant information was comprehensive. 'As well as our obligations under the Official Information Act, we needed to take into careful consideration the former Governor's exit agreement and privacy law. For this reason, we extended consultation on the information and our response, including review by senior external counsel,' he said. 'On 5 March I was limited in what I could say about the former Governor's resignation both by the terms of his exit agreement and the fact that we were still working through finalisation of the detail of the next Five-Year Funding Agreement (FYFA). 'We were conscious of the need to explain to staff of the RBNZ the potential implications for staffing levels of a lower level of funding and needed time to consider the details of that. 'We are taking into account the feedback that we have received on our management of these OIA requests and looking carefully at how we can improve our response times in the future,' Mr Quigley said.
NZ Herald
12-06-2025
- Business
- NZ Herald
Anti-ICE protests continue, and Nicola Willis criticises Reserve Bank
Anti-ICE demonstrations continued across several American cities and Finance Minister Nicola Willis criticised the Reserve Bank over Adrian Orr's resignation.
