BNZ’s Paul Conway to move to the RBNZ

  • By Zilla Efrat

Bank of New Zealand’s Paul Conway will join the Reserve Bank of New Zealand as chief economist and director of economics in May.

According to RBNZ Governor Adrian Orr, Conway has a deep knowledge of the New Zealand economy and international experience through his five years as an economist with the OECD.

“He has a great mix of skills, including a background in research, which will be a key part of his leadership role at the RBNZ.”

Conway, currently BNZ’s chief economist, was economics and research director at the Productivity Commission for over seven and a half years. And, it’s not his first time at the RBNZ, having worked there as an economist between 1997 and 2000.

“Very excited to be joining the RBNZ as [its] new chief economist. Crazy moment to be taking on that role and I feel a ton of responsibility in helping steer our economy through what's coming,” he posted on LinkedIn yesterday.

The chief economist/director of economics of the RBNZ also becomes a member of the Monetary Policy Committee (MPC).

Conway’s appointment comes ahead of the departure of current chief economist Yuong Ha, who leaves his role later this month after 25 years with the RBNZ.

RBNZ manager of central banking analytics Adam Richardson has been appointed as an internal MPC member for a six-month term from 11 March 2022. He will be the acting chief economist/director of economics after Ha leaves and until Conway joins.