Bank appoints external monetary policy advisers
They replace Luke Moriarty and Richard Townsend, who have served in this capacity for three years.
The appointees take part in the provision of advice to the Bank's Governing Committee leading up to the setting of the Official Cash Rate eight times a year. The appointees' roles will start with the June Monetary Policy Statement.
Mr Caughey, ONZM, is an Auckland company director and strategy consultant. His experience as a chairman, director or senior manager covers firms involved in retail, property, construction, primary industries, export manufacturing, tourism, and legal services.
Mr English is Chairman of Agribusiness New Zealand, and was Chief Executive Officer of Federated Farmers for six years. He has a farming background, and has also worked in the insurance, oil, property and finance sectors.
Reserve Bank Governor Graeme Wheeler said, "The Reserve Bank employs these advisers to bring valuable additional outside perspectives into our processes and to help ensure the Bank is well-informed about developments in the New Zealand economy.
"These appointments add significant value to the Bank by bringing in fresh viewpoints."
Carole van Grondelle, External Communications Adviser
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