Of Cook Island heritage Adrian Orr, who was first appointed as Reserve Bank Governor of New Zealand in March 2018, says it has been a privilege to lead an institution that plays a critical role in the economic wellbeing and prosperity of all New Zealanders.
“Over the last seven years we’ve significantly built our capability and capacity so we can respond to an increasingly complex and challenging global environment. We’ve made considerable progress in our approach to monetary and financial policy, alongside driving much-needed maturity uplifts in our balance sheet capital, digital, data and technology.”
“We’ve advanced many major, multi-year programmes, to modernise and strengthen the RBNZ and the New Zealand financial system and led the implementation of strategies related to the Future of Money and Cash, Future of Payment and Settlements, Financial Inclusion, Climate Change, and Māori Access to Capital,” Mr Orr says.
“I’m incredibly proud of the RBNZ’s people, our work and the impact of our mahi on all New Zealanders,” Mr Orr says.
“I leave the role with consumer price inflation at target, and an economy in a cyclical recovery following the long period of COVID-related disruption. The financial system remains sound. However, there is much work left to do on the major multi-year strategies RBNZ is following. Ongoing focus and funding will be critical to these projects’ success.”
RBNZ Board Chair Professor Neil Quigley thanked Mr Orr for his leadership and commitment to the central bank.
