RBNZ chief economist John McDermott to leave central bank at end Feb

[WELLINGTON] Reserve Bank of New Zealand (RBNZ) chief economist John McDermott will leave the central bank at the end of February to take up a position at an economic think tank, the RBNZ said on Tuesday.

Mr McDermott, who served as assistant governor until November, would take up a position at economic research institute Motu after the bank's next monetary policy decision in February, RBNZ Governor Adrian Orr said in a statement on the bank's website.

REUTERS