RBNZ confirms Bollard won't seek another term
Following NBR's breaking of the story on Friday, Reserve Bank Governor Alan Bollard has publicly confirmed he will not be seeking another term when his current term ends in September.
Following NBR's breaking of the story on Friday, Reserve Bank Governor Alan Bollard has publicly confirmed he will not be seeking another term when his second term ends on September 25.
Dr Bollard says he will be fully focused in his remaining eight months on the serious economic and financial challenges facing New Zealand.
“As I noted last week, the bank is ready to respond to ongoing developments overseas, especially in Europe, the US and China, as well as domestically, particularly the Canterbury earthquakes. In addition, the bank’s expanded prudential regulatory responsibilities mean we will continue to introduce new prudential requirements this year, especially in the insurance and non-bank sectors.”
RBNZ chairman Arthur Grimes says the central bank will search in New Zealand and abroad for Dr Bollard's successor - who will be appointed by the Minister of Finance on the board's recommendation.
Rob Hosking
Mon, 30 Jan 2012
Mon, 30 Jan 2012
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RBNZ confirms Bollard won't seek another term
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