New Zealand’s central bank loses its head as Adrian Orr suddenly resigns

5 March 2025, 11:31 am

1 min read

FILE PHOTO: Two people walk towards the entrance of the Reserve Bank of New Zealand located in the New Zealand capital city of Wellington, March 22, 2016. REUTERS/Rebecca Howard/File Photo

Reuters was more than 1-minute ahead of competitors in reporting that New Zealand’s Central Bank Governor Adrian Orr had resigned unexpectedly, leaving the RBNZ without a permanent head amid an economic downturn. The New Zealand dollar dipped on the surprise announcement, but later pared the losses.