{"id":155459,"date":"2025-11-26T23:55:08","date_gmt":"2025-11-26T23:55:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/155459\/"},"modified":"2025-11-26T23:55:08","modified_gmt":"2025-11-26T23:55:08","slug":"new-reserve-bank-board-chairman-named","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/155459\/","title":{"rendered":"New Reserve Bank board chairman named"},"content":{"rendered":"

Former investment banker Rodger Finlay has been appointed chair of the Reserve Bank of New Zealand.<\/p>\n

Finlay, who had been exercising the functions of the chair since August, has filled a role left open after former chairperson Neil Quigley resigned<\/a> with immediate effect over his handling of the sudden resignation of Adrian Orr earlier this year.<\/p>\n

The appointment comes ahead of Swedish economist Anna Breman<\/a> starting as the Reserve Bank Governor on December 1.<\/p>\n

Finance Minister Nicola Willis, who recommended Finlay, said it was the latest milestone in the refresh of the central bank.<\/p>\n

“I have confidence in him to lead the work to deliver on the Government\u2019s expectations for increased accountability, transparency and fiscal discipline and to focus on the Bank\u2019s statutory responsibilities.”<\/p>\n

The Government has signalled a broader reset for the Reserve Bank, including a new Governor, new board members, a revamped Monetary Policy Committee, and a leaner funding agreement.<\/p>\n

The morning’s headlines in 90 seconds, including a terrifying apartment complex fire in Hong Kong, mortgage rates head down, and NZ\u2019s content creator of the year. (Source: 1News)<\/p>\n

Finlay said it was a privilege to be appointed as the RBNZ Board Chair.<\/p>\n

“The past year has seen wide-ranging change for the Reserve\u00a0Bank\u00a0and I look forward to supporting a renewed focus on effectively and efficiently delivering the Bank\u2019s economic, financial stability, and broader central banking\u00a0objectives.\u00a0I am also looking forward\u00a0to working with our incoming Governor, Dr Anna Breman.”<\/p>\n

The leadership shake-up comes after a period of turmoil for the Reserve Bank.<\/p>\n

Orr resigned as Governor in March<\/a> after a dispute over funding, with documents later revealing he sought more than $1 billion for the next five years. The Government instead imposed a 25% cut, prompting his exit.<\/p>\n

Quigley stepped down in August amid criticism of his handling of the saga, with Willis saying she would have asked for his resignation if he hadn\u2019t offered it.<\/p>\n","protected":false},"excerpt":{"rendered":"Former investment banker Rodger Finlay has been appointed chair of the Reserve Bank of New Zealand. Finlay, who…\n","protected":false},"author":2,"featured_media":155460,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[51,6874,65934,111,43,139,2551,69,103091,65941,103092],"class_list":{"0":"post-155459","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-zealand","8":"tag-auckland","9":"tag-casino","10":"tag-famous-place","11":"tag-new-zealand","12":"tag-news","13":"tag-newzealand","14":"tag-night","15":"tag-nz","16":"tag-sky-tower","17":"tag-urban-skyline","18":"tag-wallpaper"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/155459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=155459"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/155459\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/155460"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=155459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=155459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=155459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}