Reserve Bank of New Zealand Governor Adrian Orr has resigned after seven years of service, with Deputy Governor Christian Hawkesby taking over until March 31. Orr, who was first appointed in 2018 and reappointed in 2023, highlighted achievements in maintaining inflation and economic recovery, leaving behind strategies on cash, climate change, and Maori access to capital. Finance Minister Nicola Willis will appoint a temporary governor from April 1, praising Orr for his leadership in institutional reforms and modernizing the Bank’s culture.
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Brothers convicted of cannabis growing at rented Sunnynook property, but landlord not prosecuted
Two brothers, The Hai Phan and Khanh Hoi Phan, were convicted for cultivating cannabis in a rented Auckland property, where police discovered a growing operation with 115 plants and a hydroponic system during a raid on September 9, 2022. Despite the brothers' convictions, their landlord, who owned four other suspected “grow houses,” has not been prosecuted. The operation included measures to bypass the electricity meter, indicating an attempt to conceal excessive power usage. Full Article
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