Sharechat Logo

Alan Bollard reappointed as Governor

-press release

Tuesday 29th May 2007

Text too small?
The Finance Minister today announced that Dr Alan Bollard has been reappointed Reserve Bank Governor and that he and the Governor had signed an unchanged Policy Targets Agreement (PTA).

Bollard's term as Governor has been extended a further five years, expiring in September 2012.

"Alan has demonstrated his integrity and outstanding general management skills in performing his duties as Governor over the past five years so I am pleased to accept the Reserve Bank Board's recommendation to reappoint him for another five year term," said Cullen

The Minister and the Governor agreed that the current PTA continues to ensure transparency and provides an appropriate basis for accountability in the conduct of monetary policy.

"As Minister of Finance my priority is to maintain a disciplined fiscal policy approach to help the Governor achieve the inflation outcomes in the PTA."

Bollard said he was pleased to accept another term as Governor of the Reserve Bank.

Cullen and Bollard added that if their understanding of the
appropriate targets and mechanisms changed for the operation of monetary policy, which could arise from the select committee inquiry into monetary policy, then Cullen and Bollard could agree to amend the Policy Targets Agreement at that time.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

KMD - 1H FY2024 Interim Results
SCT - Resignation of Chief Executive Officer
March 19th Morning Report
SKC - APPOINTMENT OF CHIEF INFORMATION OFFICER
NWF - Chief Executive Officer Warren Koia Resignation
March 18th Morning Report
Pacific Edge Directors Give Notice of Retirement
Meridian Energy monthly operating report for February 2024
Another unworkable farming rule bites the dust
March 14th Morning Report