Christian Hawkesby has been appointed as Governor of the Reserve Bank (RBNZ) for a six-month term starting Tuesday (April 8).
Hawkesby has been Acting Governor since Adrian Orr unexpectedly left in early March, and will hold the senior role for up to nine months while the RBNZ board selects a candidate for a full five year term.
Finance Minister Nicola Willis said he was an experienced central banker and would help to
“ensure the continued integrity and operations” of the RBNZ.
“During his term, the board will support Mr Hawkesby to implement the bank’s new five-year funding agreement which will apply from 1 July 2025,” she said.
Hawkesby said he was proud to step into the role of Governor and contribute to the “mission of working to enable economic prosperity and wellbeing for all New Zealanders”.
Board Chairman Neil Quigley said his appointment reflected the board’s confidence in his ability to continue strengthening New Zealand’s financial system, chair the Monetary Policy Committee (MPC) and be chief executive of the bank.
The MPC will finalise its monetary policy decision on Wednesday morning and any change in the Official Cash Rate will be announced at 2pm.
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