The government is expected to name the new Reserve Bank governor on Wednesday. Photo:
You can watch the announcement and read about it here.
The government will announce a new Reserve Bank governor this afternoon.
Bloomberg News has suggested it may be a woman from outside New Zealand, but no-one is confirming.
Interim governor Christian Hawkesby has acted in the top role at the central bank since the surprise resignation of Adrian Orr in March.
Adrian Orr resigned as Reserve Bank governor in March. Photo:
Finance Minister Nicola Willis' office will not comment until the announcement.
Who could be in the running?
Catherine Mann
The American economist has strong experience in macro-economics and visited New Zealand for the Reserve Bank conference in March, just days after Orr resigned.
She is a member of the Monetary Policy Committee of the Bank of England and has been chief economist at the OECD - the Organisation for Economic Co-operation and Development.
She was the global chief economist at Citibank from 2018-21 and served on the Council of Economic Advisers during the Bush administration, advising on the European Monetary Union, and the economies of Latin American and the former USSR.
Mann made headlines in February, after being considered a "hawk" on the Bank of England opposing interest rate cuts, then voted for a 50-basis-point cut.
Sarah Breeden
Breeden is a deputy governor of the Bank of England, which she joined in 1991.
She serves on the monetary policy and financial policy committees, as well as the bank's court of directors.
Breeden has specific responsibility for financial stability and international issues, among other things. She is also responsible for managing climate-change risks facing the bank and is the executive sponsor for the banks' ethnic minorities network.
Breeden has an MA in Economics from Cambridge University and an MSc in Finance from the London Business School.
Guy Debelle
Said to be a punk rock and AFL fan, he recently warned economists they needed to help solve the huge challenge of the transfer of wealth from the 'Boomer' generation to their children.
He is a former deputy governor of the Reserve Bank of Australia, working there for 25 years. In 2022, he resigned to become chief financial officer of Fortescue Future Industries, a green energy company.
Christian Hawkesby
The man currently running the Reserve Bank was appointed acting governor for six months, after Orr's resignation. He was previously deputy governor and general manager of the financial stability group.
Christian Hawkesby was appointed acting Reserve Bank governor after Adrian Orr's resignation. Photo: Supplied / Reserve Bank
Before joining the Reserve Bank, he was part of a team that established Harbour Asset Manager, which was Morningstar's Fund Manager of the Year for 2014, 2016 and 2017. He worked at the Bank of England, including during the 2008 global financial crisis.
He was the public face of the Reserve Bank's most recent rate cut - a reduction in the official cash rate by 25 basis points in August.
Prasanna Gai
He is professor of macro-economics and head of economics, accounting and finance at the University of Auckland. Gai has written books on financial crises and risk.
He was a special advisor to then-Bank of Canada governor Mark Carney, who is now Canada's prime minister.
Currently a member of the Reserve Bank monetary policy committee, he is also on the board of the Financial Markets Authority and is a fellow of various research institutes.
Like others on the list, he worked at the Bank of England - in his case, as senior advisor directing research into financial stability. He uses network and game theory to understand the causes of financial crises.
Toni Gravelle
Gravelle is the Bank of Canada deputy governor and sits on the bank's governing council. He has been deputy governor for the past six years, one of three at the Bank of Canada.
He has been at the Bank of Canada since 1996, with a two-year secondment to the Department of Finance Canada in 2013.
Gravelle has international experience. In the early 2000s, he was an economist at the International Monetary Fund (IMF), where he studied the financial systems in France and Senegal.
Gravelle has been sometimes named as one of the frontrunners in speculation over who might succeed Orr.
John McDermott
The former head of economics at the Reserve Bank, McDermott is currently the executive director of Motu Economic and Public Policy Research, and Red Cross Foundation chair.
He started at Motu, an economics institute, six years ago and was previously Reserve Bank assistant governor.
McDermott has also worked at the National Bank of New Zealand and the International Monetary Fund.
Sign up for Ngā Pitopito Kōrero, a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
