World media report on our latest GDP stats – but RBNZ chairman’s reappointment was too trivial even for the govt’s website
We didn’t learn about it from the government’s official website (which contained no fresh news since we reported yesterday when we checked its contents an hour ago).
But we were tipped off that Finance Minister Nicola Willis had announced the reappointment of Professor Neil Quigley as Chair of the Reserve Bank of New Zealand Board for a further term of two years, until 30 June 2026.
Professor Quigley had played a key role in establishing the new Board after the commencement of the new RBNZ Act on 1 July 2022 and she was pleased he was continuing in the role, Willis said
“Professor Quigley’s reappointment retains his leadership and experience in central banking and monetary policy, and ensures the Board is well positioned to take on new members.”
There are two board vacancies to be filled when suitable candidates have been identified.
Willis said there would be further opportunities to consider a broader refresh of the Board with two terms due to end in June next year, Willis said.
Professor Quigley is Vice-Chancellor of the University of Waikato and has also served as a director of the New Zealand Qualifications Authority. He has previously held positions at Victoria University of Wellington, including Professor of Economics, Deputy Vice-Chancellor (Research) and Provost, and at the University of Western Ontario, Canada, where he was Professor of Economics.
Quigley’s reappointment perhaps has been buried by mainstream media.
There has been much greater interest – internationally as well as at home – in the latest GDP figures which showed that, technically at least, we have slipped out of recession.
Point of Order entered the words “Reserve Bank of New Zealand” for a Google search.
The first 10 responses when we refined our search to “news” were –
“Professor Quigley’s reappointment retains his leadership and experience in central banking and monetary policy, and ensures the Board is well positioned to take on new members.”
There are two board vacancies to be filled when suitable candidates have been identified.
Willis said there would be further opportunities to consider a broader refresh of the Board with two terms due to end in June next year, Willis said.
Professor Quigley is Vice-Chancellor of the University of Waikato and has also served as a director of the New Zealand Qualifications Authority. He has previously held positions at Victoria University of Wellington, including Professor of Economics, Deputy Vice-Chancellor (Research) and Provost, and at the University of Western Ontario, Canada, where he was Professor of Economics.
Quigley’s reappointment perhaps has been buried by mainstream media.
There has been much greater interest – internationally as well as at home – in the latest GDP figures which showed that, technically at least, we have slipped out of recession.
Point of Order entered the words “Reserve Bank of New Zealand” for a Google search.
The first 10 responses when we refined our search to “news” were –
- Al Jazeera – New Zealand exits recession, but economic troubles linger
- AFR – New Zealand shakes off recession but no relief yet
Gross domestic product gained 0.2 per cent from the previous quarter, when it declined 0.1 per cent, Statistics New Zealand said on Thursday.
- Pound Sterling LIVE – New Zealand Dollar Welcomes End to Recession
- New Zealand economy avoids recession
- Reuters – Switzerland leads big central banks in rate cuts as US Fed lags
- Finimize – Australian Dollar Hits Multi-Year High Amid Hawkish RBA Outlook
- Benzinga – The New Zealand Dollar Faces Growth Challenges
- The Edge Malaysia – New Zealand returns to growth, exiting recession
- Economies.com – New Zealand dollar’s 2024 forecasts.. strong versus US dollar, weak against Sterling
- Business Desk NZ – Quigley reappointed as RBNZ chair
Point of Order is a blog focused on politics and the economy run by veteran newspaper reporters Bob Edlin and Ian Templeton
1 comment:
So failure is what gets rewarded in our modern age.
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