9:20 am today

Questions linger after abrupt Orr resignation

From Nine To Noon, 9:20 am today

In a media statement the Governor said it had been a "privilege to lead an institution that plays a critical role in the economic well-being and prosperity of all New Zealanders".

Orr was first appointed to the job in 2018, and reappointed for a second five-year term in March 2023. 

His leaving three years before the end of this second term has left many questions unanswered, and Orr has not yet fronted any media for interviews.

Nine to Noon has extended an interview to him - and would welcome that. Reserve Bank board chair Neil Quigley did take media questions yesterday - and said there were no performance or conduct issues behind the decision, and that it was a personal decision made by Adrian Orr. 

Mr Quigley said he had discussed the resignation process with Mr Orr for the `past several days'. The Governor felt it was the right time to leave, Mr Quigley said. 

Gyles Beckford is RNZ's business editor.

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