In a surprising turn of events, Reserve Bank of New Zealand Governor Adrian Orr has announced his resignation without providing a reason for his abrupt exit. The announcement was made through a brief statement on Wednesday in Wellington. Orr, who was midway through his second five-year term with three years remaining, will officially step down on March 31. Until then, Deputy Governor Christian Hawkesby will serve as the Acting Governor, according to an RBNZ spokesperson. — news from Bloomberg
