Incoming Reserve Bank of New Zealand Governor Anna Breman said Thursday the central bank will “be laser focused on low, stable inflation,” stressing the damage high inflation can cause amid a challenging global backdrop. Breman, who will start her five-year term on 1 December 2025, will be the first woman and first foreigner to head the RBNZ since its founding in 1934. She is currently the First Deputy Governor of Sweden’s central bank. Breman takes over as the economy struggles to recover from recession, and the bank adjusts after Adrian Orr’s March departure, which triggered a restructuring and several exits, including board chair Neil Quigley. Acting Governor Christian Hawkesby will oversee the 8 October Official Cash Rate (OCR) review and 26 November Monetary Policy Statement before stepping down, leaving his MPC role to be filled in early 2026. Finance Minister Nicola Willis emphasized she has no plans to change the RBNZ’s inflation target.