RBNZ Gov. Orr Resigns With Inflation Tamed But With Fresh Threats on Horizon

SYDNEY–The Governor of the Reserve Bank of New Zealand, Adrian Orr, announced his resignation Wednesday, ending a volatile seven-year term as the head of the central bank marked by the policy response to the Covid-19 pandemic and a global surge in inflation that quickly followed it.

Finance Minister Nicola Willis acknowledged the resignation, saying in a statement that she “wished him well for the future.”