New Zealand central bank's Governor Adrian Orr has resigned after seven years and will complete service on March 31, according to an official statement.

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.

The Reserve Bank of New Zealand was unable to explain why Adrian Orr abruptly quit on Wednesday in Wellington with three years still to run in his second five-year term.

Reserve Bank of New Zealand Governor Adrian Orr has resigned in a surprise move, with his role finishing on March 31, three years before his current term ends.

(Reuters) - Adrian Orr, who unexpectedly resigned as New Zealand's central bank governor on Wednesday, had a reputation as a maverick policymaker unafraid to surprise financial markets, and who clashed repeatedly with current Finance Minister Nicola Willis.

The rumour mill is turning, following Reserve Bank of New Zealand Governor Adrian Orr’s shock resignation ahead of his second five-year term ending in 2028. T (RB

The governor of the Reserve Bank of New Zealand (RBNZ) sent shockwaves through the country's economic landscape with his sudden resignation on Wednesday. No reason was given for the sudden departure.

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,