Secretary Iain Rennie tells Economics Forum that fresh data reinforces the New Zealand economy has finally turned a corner.
Quigley was on the board for 15 years and spent nine years as chair.
A four-two vote in favour of a cut by 25bps won the day, as some RBNZ Monetary Policy Committee members pushed for more.
The RBNZ's Monetary Policy Committee voted on whether to cut by 25bps or 50bps, with a majority of four votes to two in favour of 25bps.
Statistics NZ data shows food prices jumped 5% in the year ended July, as inflation pressures bubble away.
It says there is merit in having an agency undertake independent scrutiny of public finances.
Inaugural survey highlights a two-tier economy, with economic optimism continuing to put the South Island ahead.
Economists expected the rate for the June quarter to be even worse.
Bank's senior economists suggest Trump is pleased with tariff deals, and there'll be more rate cuts as countries navigate inflation and tariffs.
Smaller firms are struggling more than larger counterparts and hope for more interest rate cuts, according to Kiwibank.