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flag New Zealand to appoint its first female central bank governor in 2025 amid efforts to restore institutional credibility.

flag New Zealand is set to appoint its first female governor of the Reserve Bank of New Zealand, a historic appointment expected to be announced on September 24, 2025, by Finance Minister Nicola Willis. flag The new governor, who may be a foreign national and not currently on the bank’s board, will not take office in time for the October 8 interest rate decision. flag The move follows leadership instability after the departure of former governor Adrian Orr and board chair Neil Quigley. flag With the economy contracting 0.9% in the second quarter, the new leader will face pressure to guide monetary policy toward the 2% inflation target. flag While names like Christian Hawkesby and Prasanna Gai were speculated, the final choice remains undisclosed. flag The appointment signals a fresh start for an institution seeking to restore credibility after recent turmoil.

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