New appointees have strong business and academic expertise
The Reserve Bank (RBNZ) has announced two new members of its Monetary Policy Committee (MPC), as appointed by the Minister of Finance Nicola Willis, following recommendations from RBNZ’s board.
Fresh faces in NZ’s monetary policy arena
Carl Hansen and Prasanna Gai (pictured above, left to right) are set to join the set-member MPC responsible for the crucial monetary policy decisions that uphold price stability in New Zealand.
See LinkedIn post here.
Hansen began his tenure April 1, succeeding Peter Harris. Gai will start on July 1, taking over from Caroline Saunders.
“We are delighted to welcome Carl and Prasanna to the MPC,” said Neil Quigley, RBNZ board chair. “They were both highly qualified candidates with the appropriate knowledge, skills, and experience to join the MPC and assist in its decision-making.”
Their extensive backgrounds in business and academic research are expected to inject new perspectives into MPC discussions.
MPC’s new members
Hansen, an economist and executive director of Capital Strategic Advisors, brings a history of leadership roles and advisory positions within New Zealand’s public and private sectors. His previous stints include working at the Reserve Bank on liquidity management policy and macroeconomic modelling.
Gai, from the University of Auckland, holds a portfolio that spans international economics, financial stability, and monetary policy. His career began at the Bank of England, moving through senior roles before his professorship in Australia and contributions to global economic research and policy advisement.
Looking ahead: Commitment to price stability
Governor Adrian Orr looks forward to the contributions of the new MPC members, emphasising the committee’s unwavering focus on controlling inflation.
“The MPC remains laser-focused on its job to control inflation and Carl and Prasanna will play an important part in our discussions,” Orr said.
Read the RBNZ media release here.
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