Factbox-What we know about New Zealand's new central bank governor

BY Reuters | ECONOMIC | 09/23/25 09:46 PM EDT

SYDNEY (Reuters) -New Zealand on Wednesday appointed Anna Breman as the country's new central bank governor, making her the first woman in the position. She takes up the role on December 1.

Here's what we know about the new Reserve Bank of New Zealand Governor:

* Breman was appointed First Deputy Governor of the central bank of Sweden, called the Riksbank, in September 2022 for a term that expires November 30, 2025.

* She has been on the executive board of Riksbank as a deputy governor since 2019.

* Breman holds a PhD in economics from the Stockholm School of Economics.

* She was previously group chief economist and global head of macro research at commercial lender Swedbank. She has also worked at the Swedish Ministry of Finance, the World Bank and as a researcher at the University of Arizona.

* In a speech in London this year, Breman said central banks needed to "be prepared for the fact that monetary policy may need to be conducted and communicated in a politically and economically more uncertain world in the future."

(Reporting by Praveen Menon; Editing by Sam Holmes)

In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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