The resignation of the Reserve Bank chair Neil Quigley was announced by Finance Minister Nicola Willis last night as happening with "immediate effect".
It came after months of close scrutiny over his handling of Adrian Orr's resignation as Governor.
Quigley described Orr's resignation, in early March, as a "personal decision" but a series of revelations followed that cast doubt on that.
Minister Willis declined to be interviewed on Saturday Morning but in a pre-recorded interview to RNZ last night she said "Mr Quigley chose to tend his resignation. If he had not offered his resignation, I would have asked him for it."
RNZ Business Editor Gyles Beckford has the latest.
Reserve Bank chair Neil Quigley speaks after Adrian Orr's resignation. Photo: RNZ / Samuel Rillstone
