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
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:

NZ dollar stalled amid uncertainty about US rate cuts
RBNZ a 'poor communicator' - CBL's Harris
Methane reduction target could be catastrophic - Fonterra Shareholders' Council
Greater role for gas in electrification of transport, industry
Chorus sees growth in high value gigabit fibre plans
Arvida gets 87% uptake in $92 mln rights offer
NZ dollar weakens after US retail sales boost greenback
17th July 2019 Morning Report
Dairy product prices gain for first time in five auctions
MARKET CLOSE: NZ shares fall in listless trading; power companies gain

IRG See IRG research reports