RBNZ Introduces Chief of Staff Role Amid Shakeup

The Reserve Bank of New Zealand (RBNZ) has introduced a new chief of staff role, sparking both praise and criticism from experts.

The move comes as Governor Adrian Orr continues to shake up the bank's leadership structure. The chief of staff will be responsible for coordinating policy advice and providing strategic support to senior leaders.

RBNZ said the new role is aimed at improving efficiency and effectiveness in delivering policy outcomes, but some critics have raised concerns about the potential impact on monetary policy decision-making.