Finance Minister rejected advice to remove Reserve Bank governor from board

Tuesday 21 October 2025 · 2 outlets · 2 reports · updated Tue 21 Oct 2025, 7:42pm

In this story Nicola Willis, Reserve Bank of New Zealand, Treasury, Adrian Orr, Neil Quigley, Anna Breman

Finance Minister Nicola Willis declined Treasury advice to remove the Reserve Bank governor from the bank's board. The proposal followed the resignation of Adrian Orr in March, which the Reserve Bank initially described as a personal decision.

How they headlined it

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1. RNZTue 21 Oct 2025, 6:59pm

   Finance Minister rejected Treasury advice to remove governor from Reserve Bank board (opens in new tab)

2. Otago Daily TimesTue 21 Oct 2025, 7:42pm

   Minister rejected advice to remove RBNZ governor from board (opens in new tab)