Reserve Bank chair Neil Quigley. Photo: RNZ
The chair of the Reserve Bank Neil Quigley has resigned with immediate effect.
A statement from the Finance Minister said Quigley had decided that having overseen a number of key workstreams for the bank, now is the appropriate time for him to hand over to a new chair.
Earlier this week, it was revealed Quigley had told the Treasury it would destroy the goodwill between Treasury and the bank if it publicly released details of a meeting before Adrian Orr’s resignation as governor.
Nicola Willis said she disagreed with Quigley’s comments, and it was appropriate for Treasury officials to take minutes of a significant government meeting.
She has thanked Quigley for his contribution to the bank. Deputy chair Rodger Finlay will exercise the chair’s functions until an appointment is made.
More to come…
