New Zealand

Carr's role settled at RBNZ

NEW ZEALAND - Rod Carr has been confirmed as Acting Governor of the Reserve Bank for the next six months, or until a permanent appointment has been made.

Advertisement for new governor of RBNZ

ADVERTISEMENT - The Reserve Bank of New Zealand is seeking applications for the position of Governor. The position has been advertised both within New Zealand and offshore.

RBNZ raises Official Cash Rate to 5.5%

NEW ZEALAND - Reserve Bank of New Zealand Acting Governor Rod Carr justifies the bank's decision to increase the Official Cash Rate in a statement, and warns of further increases over the year ahead.

Hugh Fletcher appointed to NZ Reserve Bank board

NEW ZEALAND - Hugh Fletcher, the former head of Fletcher Challenge, has been appointed as a non-executive director of the Reserve Bank and Rod Carr has been confirmed as acting governor for up to six months, the New Zealand government announced today.

None so deaf - A central banker hit below the belt

FEATURE - When the Prime Minister of New Zealand, Helen Clark, is stuck in an awkward political corner she has taken to using a cheap rhetorical trick. She has borrowed it from Rob Muldoon. Unable to find anything substantive to say, she resorts to…

Brash walks into storm over interest rates

NEW ZEALAND - It did not take the New Zealand opposition's latest recruit - former New Zealand Reserve Bank governor Don Brash - long to learn that the rough and tumble of politics is a different world from the rarefied atmosphere of monetary policy…

NZ central bank has six months to replace Brash

NEW ZEALAND - The Reserve Bank of New Zealand said in a statement released Monday that it will advertise the position of governor locally and overseas - a decision that leaves the door open for an external candidate to fill the role vacated by Don Brash…

New Zealand bank governor resigns

NEW ZEALAND - The Reserve Bank of New Zealand governor Don Brash has stepped down after 14 years in the top job to make a new career for himself as a politician.

Arthur Grimes appointed to NZ c bank board

NEW ZEALAND - New Zealand's Finance Minister Michael Cullen said Wednesday that Arthur Grimes, one of the country's leading monetary policy specialists, had been appointed as a non-executive director of the Reserve Bank for a term of five years.

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