RBNZ Assistant Governor Silk to Leave in Dec

By Sophia Rodrigues

RBNZ's assistant governor Karen Silk to leave the bank in December.

The executive leadership team is being expanded. The assistant governor - money role is going, and will be replaced with new roles: assistant governor - monetary policy and assistant governor -- payments and cash.

RBNZ will also create a chief of staff role (looks like central banks are joining the chief of staff "trend"). It was only a few years ago we associated chief of staff positions with politics.

Apparently, the operational budget agreed with the government is enough to fund the new positions.