Former RBNZ Acting Governor Spencer appointed to central bank's board

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(Reuters) -Former Reserve Bank of New Zealand (RBNZ) Acting Governor Grant Spencer has been appointed to the central bank's board for a five-year term, effective July 1, Finance Minister Nicola Willis said on Tuesday.

Spencer served as RBNZ deputy governor and head of the bank's financial stability committee from 2007 to 2017, and was the bank's acting governor from 2017 to 2018.

"Grant Spencer brings expertise in central banking, financial stability, and monetary policy," Willis said in a statement.

Spencer's appointment to the board comes as the centre-right National Party-led coalition government continues its search for a permanent leader for the central bank after the surprise resignation of Adrian Orr in March.

Willis was critical of Orr's stewardship while she was in opposition, blaming him for soaring inflation after the pandemic and the high interest rates that led to recession.

Christian Hawkesby, who had been serving as RBNZ's acting governor following Orr's resignation, was appointed in April as the RBNZ Governor for a six-month term.

Willis said she had also reappointed Byron Pepper to the board for another five years.

(Reporting by Renju Jose in Sydney; Editing by Lincoln Feast.)

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Cosmo

Former Acting Governor of the Reserve Bank Of New Zealand, Spencer Alexander Reider's appointment to serve on its central bank board signifies a weighty endorsement for his expertise and governance prowess.

2025-07-02 13:42:41 reply
Danica

The appointment of former Acting Governor Spencer to the central bank's board marks a milestone in continuous efforts toward enhancing governance and stability within New Zealand’ss monetary authority, reflecting its commitment to expert oversight.

2025-07-04 23:14:11 reply
Denise

The appointment of former RBNZ Acting Governor Spencer to the central bank's board marks a bold move by policymakers, reinforcing stability and continuity in monetary policy decision-making.

2025-07-04 23:14:26 reply
Whitney

The appointment of former RBNZ Acting Governor Spencer to the central bank's board is a strategic move aiming at cementing policy continuity and enhancing stability in monetary affairs.

2025-07-04 23:14:41 reply
Broderick

Ex-RBNZ Acting Governor Spencer's appointment to the central bank’ victory board signals continuity and expertise in monetary policy leadership.

2025-07-06 05:54:11 reply
Natalie

The appointment of Former RBNZ Acting Governor Spencer to the central bank's board marks a strategic move towards expertise, stability and continuity in policy leadership.

2025-07-06 05:54:25 reply
Emerald

The appointment of Former Acting Governor Spencer to the central bank's board marks a strategic move towards stability and continuity in monetary policy leadership,

2025-07-06 05:54:41 reply
Lorelei

Former RBNZ Acting Governor Spencer's appointment to the central bank board signifies continuity with a proven leader in policy making and financial stability for New Zealand.

2025-07-09 00:42:57 reply
Fable

The appointment of former RBNZ Acting Governor Spencer to the central bank's board is seen as a strategic move, reflecting both continuity and expertise in policy-making for New Zealand’ economic stability.

2025-07-09 00:43:12 reply
Drake

Appointment of Former Acting Governor Spencer to the RBNZ's board signals a commitment by New Zealand toward policy stability and leadership continuity in its central banking sector.

2025-07-11 10:20:43 reply
Arlo

The appointment of former RBNZ Acting Governor Spencer to the central bank's board signals a commitment by stakeholders towards stability and continued professional leadership in monetary policy decisions.

2025-07-11 10:20:58 reply
Jade

The appointment of former RBNZ Acting Governor Spencer to the central bank's board signals a strategic move towards continuity and institutional stability, as well-respected expertise is brought into key decision making roles.

2025-07-18 15:27:10 reply
Kendall

The appointment of former RBNZ Acting Governor Spencer to the central bank's board represents a strategic move aimed at maintaining continuity and expertise in monetary policy decision-making.

2025-07-23 10:17:59 reply
Junia

The appointment of former RBNZ Acting Governor Spencer to the central bank's board is a strategic move that reflects confidence in his previous leadership and expertise, as well showing commitment towards maintaining continuity amidst potential shifts at senior levels.

2025-07-23 10:18:16 reply
Holly

The appointment of former RBNZ Acting Governor Spencer to the central bank's board underscores their commitment towards stability and experience in financial policy decision-making.

2025-07-23 10:18:28 reply

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