New Zealand Treasury head announced as new Central Bank Governor

Gabriel Makhlouf will replace current head Philip Lane who is moving to the European Central Bank

Fewer homes repossessed in Q1, Central Bank figures show

The Minister for Finance has announced that Gabriel Makhlouf, head of the New Zealand Treasury, has been named as the Central Bank’s new Governor.

Makhlouf will take up the role in September. The 52-year-old is also the New Zealand government’s chief economic and financial adviser.

Born in Egypt of Greek and British parentage, Makhlouf previously worked in the UK civil service where he was involved in the development process for domestic and international ...