Governor Adrian Orr has resigned and will finish in the role on March 31, New Zealand’s central bank said on Wednesday. Read more at The Business Times.

Adrian Orr, governor of the Reserve Bank of New Zealand (RBNZ), has resigned unexpectedly, cutting his second term short by three years. His departure comes as the country faces its worst economic downturn since 1991,

The head of New Zealand's central bank resigned suddenly on Wednesday, ending a seven-year term that had become contentious at times after painfully high interest rates tipped the country into its worst downturn since 1991.